The bitcoin price currently appears to be on the verge of entering a euphoric phase of price action after an already strong bull market. However, has this cycle truly been as impressive as the USD price chart suggests, or could Bitcoin actually be underperforming when compared to other assets and historical cycles? This analysis digs into the numbers, compares multiple cycles, and examines Bitcoin’s performance not just against the US dollar, but also versus assets like Gold and US tech stocks, to give a clearer picture of where we really stand.

Previous Bitcoin Price Cycles

Looking at the Bitcoin Growth Since Cycle Lows chart, the data initially looks promising. From the lows at the…

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