Bitcoin Bull Run Cheat Sheet Predicts Next Big Price Surge
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A crypto analyst's “Bitcoin Bull Run Cheat Sheet” suggests Bitcoin has entered the final phase before a significant price increase. The cheat sheet analyzes Bitcoin's past two cycles, highlighting three phases: red (bear market), orange (accumulation), and green (bull run). Each cycle shows a bear market followed by a period of accumulation, culminating in a parabolic bull run. The first cycle (2013-2017) lasted 1500 days, peaking near $20,000 after a prolonged accumulation phase following a drop from its $1,000 peak in 2013. The second cycle (2017-2021) was shorter, spanning 1400 days and reaching a peak of roughly $69,000 after accumulating following its drop from the $20,000 peak in 2017. The current cycle, beginning in November 2021, has already experienced a bear market (bottoming around $15,000) and an accumulation phase lasting until early 2025. The analyst believes Bitcoin is now in the final green phase, projecting a potential price rise to $250,000-$300,000 within the next year. This cycle is expected to last approximately 1300 days, aligning with the historical pattern observed in the cheat sheet. The cheat sheet provides a visual representation of these cycles, emphasizing a repeating pattern and suggesting a potential for substantial future gains. While the analyst's prediction is based on historical patterns, it's crucial to remember that cryptocurrency markets are inherently volatile and unpredictable, making such predictions inherently risky. Investing in Bitcoin or any cryptocurrency carries significant risks, and potential investors should conduct thorough research and understand the potential for substantial losses before investing.
