- Bitcoin rebounded from EMA 50 support after a 28% correction, maintaining its bullish trajectory in the current market cycle.
- ETF inflows reached $36.94 billion, with total net assets at $95.38 billion, reflecting sustained institutional interest.
- Bitcoin’s past trends indicate peaks 1080 days after previous highs, with a projected top of $151K by late 2025.
Bitcoin’s price action has shown stability following a recent correction, rebounding from the EMA 50 level. This technical indicator has played a role throughout the current market cycle, serving as a strong support zone in past bull runs.
EMA 50 as a Market Indicator
The EMA 50 has been at a critical level during previous bull cycles, acting as a base for upward moves. Bitcoin’s price recently revisited this level, mirroring past trends where recoveries followed similar corrections. Market participants have observed that during bullish periods, Bitcoin tends to bounce off this moving average, reinforcing its role at a key technical level.
Master Kenobi tracked Bitcoin’s price cycles and historical trends around halving events and market peaks. According to his observation, Bitcoin experienced gains of +5400%, +12000%, and +2070% in different cycles.
The price reached a new all-time high 1080 days after previous peaks. Market bottoms occurred 525 to 953 days before halvings. The next projected peak is $151K by late 2025.
Bitcoin’s 28% Decline and Market Cycles
A decline of 28% from Bitcoin’s all-time high remains within the range of typical corrections seen in past bull runs. Market data from previous cycles indicates that similar retracements have occurred without disrupting broader upward trends.
Despite the correction, Bitcoin’s overall trajectory remains in focus, with key support levels being monitored closely. The broader cycle structure suggests Bitcoin is still positioned within an active bullish phase, though some market factors raise questions about the timing of the cycle’s progression.
ETF Catalyst and Early Cycle Speculation
Bitcoin’s current cycle may have started earlier than previous ones, with speculation surrounding the impact of ETF approvals. Unlike past bull markets, the introduction of spot Bitcoin ETFs in early 2024 could have influenced demand dynamics, potentially accelerating Bitcoin’s price action.
Tracking the Bitcoin ETF market movement as of a recent update, the SoSoValue update indicates that the market saw a daily total net inflow of $94.34 million, bringing the cumulative net inflow to $36.94 billion. Total net assets stood at $95.38 billion, accounting for 5.71% of Bitcoin’s market cap.
