Bitcoin's cycle may move sideways longer, unlike 2017’s sharp drops and rebounds. Is it bullish?

Is bitcoin's bullish trend over? Analysts predict a prolonged sideways market

The current #bitcoin cycle is different from previous ones. According to crypto analyst PlanC, instead of sharp drops and quick recovery like in 2017, this time the bitcoin market may move sideways for an extended period of time. The big question is: Is BTC's bull run over? Is the bitcoin bull market different from 2017? 2024 was a great year for the #BTC market. In 2024, the market grew by at least 121.1% - although this is slightly less than the 155.4% growth in 2023, but much better than the -64.3% change in 2022. By the end of 2024, the market will reach the $100,000 mark. From November 19, 2024 to February 23, 2025, the market traded in a range of $91,977 to $106,173. On February 24, the market fell below this range as a result of a one-day drop of 4.95%. Bitcoin is currently at $83,199, at least 31% below its all-time high. According to PlanC, the current cycle has fewer sharp corrections and more periods of consolidation. He predicts that unlike 2017, this time the BTC market may move sideways for a longer period of time. Is the bull market over? In this cycle, I predicted that the pain will be more related to the correction, PlanC notes that if the market moves sideways for too long, short-term traders expecting quick profits may leave the market early. Crypto analysts believe that the current trend could cause uncertainty in the BTC market. However, emphasizing that prolonged consolidations can form stronger price support levels, PlanC suggests that the current trend could lead to a more stable market cycle.

Bitcoin is currently at $83,199, at least 31% below its all-time high.

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