Bitcoin’s Final Act: A $200K Rally Before the Peak?
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Bitcoin's price, despite recent sideways movement, shows potential for significant further growth, according to analyst Merlijn The Trader. The analyst's prediction hinges on the continued validity of Bitcoin's four-year cycle, historically correlated with halving events and subsequent bull markets. This cycle suggests a year-long rally post-halving, followed by a peak. While some questioned the cycle's integrity after the pre-halving price surge, the analyst maintains its relevance. The argument rests on several key points: the historical pattern of one year of decline followed by three years of rally, Bitcoin's current position within this pattern (only two years of rallying completed), and the substantial distance from previous bull market peaks. The analyst illustrates the potential with a chart showing a price range, placing Bitcoin currently in the middle, suggesting a possible rally to approximately $200,000 before a market top. This prediction is not merely based on past cycles but also considers the fact that Bitcoin has yet to reach even double its previous all-time high of $69,000, implying considerable further potential. This predicted rally represents what the analyst calls the “greenest stretch of them all,” possibly adding another 50% to the current price before the bull market concludes in 2025. Therefore, while Bitcoin's recent price action might suggest a peak, the four-year cycle model, supported by historical data and current market conditions, points to a continued significant upward trend.
(Source: https://www.newsbtc.com/news/bitcoin/the-final-bitcoin-act/)
