Analyzing previous Bitcoin cycles, a new peak has emerged for BTC price – Pay attention to this level.

In a recent statement assessing the long term price volatility of Bitcoin, the cryptocurrency analysis company Alphractal pointed out that BTC will have a more mature and stable structure after each new cycle. According to Alphractal's analysis, Bitcoin often peaks in its cycle at multiples of the 2-year moving average (2Y SMA), but these peaks occur at lower multiples with each new cycle, indicating that the market is maturing and volatility is decreasing. The company has summarized the peaks in previous cycles as follows: In the early stage, Bitcoin peaked at 2Y SMA ×15. In 2017, this ratio decreased to 10. In the 2021 cycle, it first dropped to ×5, then to ×2.65. In the most recent cycle, Bitcoin was unable to surpass the ×2.65 level, indicating that the increase is narrowing and the market is becoming more stable.

Alphractal notes that the current 2Y SMA level ×2.65 is about $159,000, while also stating that this level will be a significant resistance point if Bitcoin gains momentum. Finally, the company declared, "Although the increase is narrower, the potential far exceeds the 2-year average in each cycle, indicating continuous strength in the long term in the market."