$BTC
In 2019, Bitcoin reached its peak amid a state of indifference… before the end of quantitative tightening.
In 2025, history repeated itself — a new peak under the same indifference, and before the end of the QT cycle.
The four-year cycle remains stable, as Bitcoin historically peaks during the fourth quarter after a halving year…
But what distinguishes the peak of 2025 is the different mechanisms of the rise compared to the 2017 and 2021 cycles.
BTC
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