With Bitcoin’s price rising to near $86,000 today, expectations of a new upward trend in the market have strengthened, prompting a noteworthy assessment from analyst James Lavish.
Lavish stated that, in his opinion, it makes sense to compare Bitcoin’s current market cycle to the one between 2019-2021. According to the analyst, the last bear market between 2021-2025 contained far more uncertainty and turmoil than usual due to the collapses of companies like FTX and Celsius and fraud cases in the sector.
Lavish argued that these developments have led to a longer and deeper pullback in Bitcoin, and therefore the current price movement should be evaluated differently from previous cycles.
Lavish, considering Bitcoin’s current price level in conjunction with the rate of decline from peak to trough, suggested that unless there is a major new disruption in the overall markets, Bitcoin could approach its all-time highs again within the next 60 to 120 days.
