Bitcoin’s recent price action has been a bit of a rollercoaster. After hitting a high near $123,000, it’s pulled back. But don’t count it out just yet!
The Final Act? Not So Fast
Analyst Merlijn The Trader believes Bitcoin’s price is far from peaking. He predicts a significant rally is still to come – the “final act,” before any talk of a market top.
The 4-Year Cycle: Still in Play?
Bitcoin’s price often follows a pattern linked to its halving events (which occur every four years). These halvings cut the rewards miners receive for verifying transactions. Historically, each halving has kicked off a major bull market, lasting roughly a year.
Based on this pattern, we’re not even close to the end of the current bull run. The analyst points out that Bitcoin usually sees a year of decline followed by three years of growth. We’ve only seen two years of growth so far, suggesting another year of significant gains is likely in 2025.
Furthermore, Bitcoin is still far below the peak levels seen in previous bull markets. Past cycles have seen Bitcoin increase 3x its previous all-time high. We’re not even at 2x the previous high of $69,000 yet.
How High Can Bitcoin Go?
If the 4-year cycle holds true, the analyst’s chart suggests Bitcoin could reach around $200,000 before the top. That’s a significant jump from current levels. He even predicts a “greenest stretch of them all,” implying another 50% rally is possible before the bull market ends.
In short, while Bitcoin has seen some price corrections, the possibility of a substantial rally remains very much alive. The 4-year cycle, historical data, and analyst predictions all point to further significant price increases before the next market peak.
