Altcoin Daily compares the Bitcoin 2025 market phase to past cycles, suggesting current levels may mirror historic early entry points.
Bitcoin experienced notable volatility in the past week as geopolitical events weighed on market sentiment. The price briefly dipped below the $100,000 mark, reaching a weekly low near $98,000.
This decline came after reports of a U.S. strike on Iranian nuclear sites, a development that added uncertainty to global markets. However, by June 23, Bitcoin had recovered to around $101,900. Over the last 24 hours, the asset saw a 0.93% decrease, while its seven-day performance registered a 4.37% decline.
Analysts Draw Historical Comparisons to Past Bull Cycles
Amid the price action, the pundits at crypto platform Altcoin Daily presented parallels between current Bitcoin levels and past entry points. According to their assessment, buying Bitcoin at $100,000 in 2025 may resemble previous “expensive” purchase moments that later proved profitable.
The analyst compared the current scenario to buying at $1,200 in 2017 and at $32,000 in 2021—levels once considered elevated but ultimately followed by substantial rallies.
Back in 2017, Bitcoin climbed from $1,200 to over $19,000 within the same year. Similarly, after trading near $32,000 in 2021, the asset surged to approximately $69,000 later that year. Altcoin Daily now suggests that $100,000 in 2025 could act as a comparable launchpad, though this perspective has drawn mixed reactions.
Mixed Reactions on Altcoin Daily Post
Social media users responded with a mix of support and criticism. Some agreed with the analyst’s view, calling $100,000 a historic entry point for long-term investors. Others stated that the situation felt familiar and echoed the sentiment that “history rhymes.”
Meanwhile, other commenters took a more skeptical stance. One noted that Bitcoin was only 4% cheaper several days earlier and questioned the urgency of the discussion.
Another dismissed the comparison entirely, stating that buying Bitcoin at $100,000 should not be equated to previous lower entry points. That user argued that claims of being early to Bitcoin no longer apply and criticized the post as a tactic for online engagement.
RSI Patterns May Signal Renewed Momentum
Meanwhile, analyst Moustache recently pointed to Bitcoin’s relative strength index (RSI) behavior as a potential indicator of a new rally. Moustache highlighted that historically, major Bitcoin bull runs have coincided with the RSI reaching overbought territory. This pattern appeared during rallies in 2013, 2017, and 2021. Each time, the indicator signaled strong upward momentum, often followed by corrections and then renewed gains.
Notably, Bitcoin showed two RSI peaks in 2024—first in March when the price reached $73,830, and again in November after it surpassed $100,000. Now, with the monthly RSI nearing overbought levels again, the analyst suggests the current setup resembles those historical moments.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
