Bitcoin entered a dollar-cost averaging accumulation zone that appeared before major rallies in previous market cycles, according to crypto analyst Ardizor. The cryptocurrency is trading at $62,800 at the time of writing. The same price region preceded Bitcoin's rally to $69,000 in 2021 after the 2019 accumulation phase, and preceded a 600% rally above $100,000 following the 2022 post-FTX collapse zone at $15,500. Bitcoin reached an all-time high above $126,000 in October 2025.
Bitcoin DCA Zone Preceded 2021 and 2025 All-Time Highs
Ardizor noted on X that Bitcoin touched the same dollar-cost averaging zone that appeared before major recoveries in previous cycles. In 2019, Bitcoin entered a depressed DCA accumulation area after the 2017 peak around $19,000, which dragged the price down by more than 83%. That zone preceded the run to the 2021 all-time high around $69,000.
The 2022 episode was shorter in duration. The FTX exchange collapse in November of that year produced a wave of forced selling, and Bitcoin fell to around $15,500 from its 2021 peak above $69,000. Bitcoin eventually rallied almost 600% above $100,000, and the cryptocurrency rallied to a new high above $126,000 in October 2025.
A candlestick price chart on the monthly timeframe compares three major cycle structures and tracks Bitcoin's price movement through these accumulation zones.
Bitcoin Realized Cap Declined $12 Billion From Mid-May Peak
Bitcoin's Realized Cap declined by roughly $12 billion from its mid-May peak. An analysis of Bitcoin's PnL Index, which combines a few other data metrics, shows that Bitcoin is currently in a transition phase.
ETF flows and on-chain signals are adding pressure at the current price level. Bitcoin is trading at $62,800, which is around the curved support shown on the monthly chart. The 2019 and 2022 accumulation zones appeared when liquidity was thin.
FAQ
What price is Bitcoin trading at currently?
Bitcoin is trading at $62,800 at the time of writing, which is within a historical dollar-cost averaging accumulation zone that appeared before major rallies in 2019 and 2022.
What happened during Bitcoin's 2022 accumulation zone?
The FTX exchange collapse in November 2022 caused Bitcoin to fall to around $15,500 from its 2021 peak above $69,000. Bitcoin subsequently rallied almost 600% above $100,000 and reached a new all-time high above $126,000 in October 2025.
How much has Bitcoin's Realized Cap declined recently?
Bitcoin's Realized Cap has declined by roughly $12 billion from its mid-May peak, according to on-chain data analysis.
