Bitcoin has experienced a 280% surge from its cycle low of $15,500 in November 2022.
There have been several healthy corrections during this bullish trend, including a 22% drawdown in March 2023 and a 23% retracement from the March 2024 peak.
The current cycle low mirrors the recovery trajectory of previous cycles, with a similar 280% growth at this stage.
These indicators suggest a positive outlook for the current Bitcoin cycle.