A crypto analyst cited a multi-year channel showing Bitcoin’s price has followed a specific long-term pattern for nearly nine years. The analyst highlighted that previous cycle peaks in 2017 and 2021 formed near the channel’s upper boundary, while the 2025 peak stalled at a midpoint. The current price area around $63,000-$70,000 may act as a potential cycle support zone.
Crypto analyst CrypFlow shared a long-term view showing Bitcoin’s price has moved within a macro trend channel for almost a decade. The asset’s price historically fluctuates between two parallel trendlines, evident in the 2017 bull run and subsequent fall.
The pattern repeated with a crash in early 2020, though Bitcoin remained above the long-term support line. The price initiated a strong rally and reached a high in 2021 at the top of the channel before forming a cycle bottom at the lower edge in the 2022 bear market.
This latest cycle’s 2025 peak differed from previous ones, halting at the midpoint of the channel instead of reaching the upper boundary. After that peak, Bitcoin has continued making lower highs and started moving lower again toward the channel’s lower boundary.
Short-term data indicates Bitcoin entered a downtrend after reaching around $100,000 earlier this year. Since then, the market has stabilized within a $63,000 to $70,000 price range, with Bitcoin currently at $67,300.
Technical indicators show mixed signals, with the price above the 9-period EMA but the RSI trading at about 44. Support levels are seen around $63,000, while resistance levels are near $70,000 to $71,000.
