Crypto analyst Cristian Chifoi says the Bitcoin price action is repeating 2022 cycle patterns, but only in reverse. Back then, the US Federal Reserve (FED) rate hikes triggered a staggering 63% crash in the BTC price. Now with the FED preparing to end Quantitative Tightening (QT), Chifoi believes the same macro setup could push prices in the opposite direction, potentially marking the start of Bitcoin’s next major rally.

Bitcoin Price Traces 2022 Cycle Pattern In Reverse

Chifoi explained on X social media on November 2 that Bitcoin’s behaviour appears to be replaying the 2022 macroeconomic environment in reverse. Back in March 2022, he noted that when the FED first announced aggressive rate hikes, the Bitcoin price was trending near $46,000. As the US central bank

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