Bitcoin Dips Before Potential Breakout: Cycle Models Mirror 2017

Following the U.S. government shutdown, Bitcoin experienced volatility as it dipped below $95,800. This pattern echoes historical trends observed in 2019, when a similar price correction happened after operations resumed. Analysis suggests this could be part of a recurring cycle, potentially mirroring the 2017 crash path. Market analysts highlight that this initial drop might not be an anomaly but rather an anticipated shake-out before a more sustained bull run. 2017’s Bitcoin cycle also saw seven dips before hitting a high point, and current data suggests a similar structure is forming. The final three dips of both cycles show nearly identical behavior, suggesting a compression phase with increased pressure beneath the surface. This pattern might lead to a breakout towards $175,000 in the future, according to EGRAG Crypto’s model. 2025’s cycle currently shows an average dip of 25%, compared to 37% in 2017. The market is awaiting a decisive reaction around the $92,000 – $96,000 zone. If this zone rebounds, it could signify the beginning of a significant upward trend for Bitcoin.