Bitcoin prices have remained steady at $108,000 over the past few days. Bitcoin has bounced back after a short pullback on Wednesday near $105,500. recently tested $109,000 again In the last 24 hours.
An influential crypto analyst recently shared an outlook for the long term. “Bitcoin Bull Run Cheat Sheet” The cryptocurrency is a scam has now entered into The final phase will result in massive price increases.
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Bitcoin Cheat Sheet Announces Final Bull Phase
Merlijn the Trader posted a new article on X. released what he dubbed The following are some of the ways to get in touch with us. “Bitcoin Bull Run Cheat Sheet.” This cheatsheet is a detailed breakdown of Bitcoin’s market history. It shows distinct phases such as bear markets, accumulation areas, and parabolic bull run.
Each of Bitcoin’s previous cycles since 2014 is divided into three color boxes. Red for bear markets; orange for accumulation and green for bull run. Merlijn’s chart shows how this structure has repeated over the last decade. Each bull market began with a long consolidation phase and culminated in a price explosion.
It is important to note that the word “you” means “you”. first full cycle began Bitcoin peaked at $1,000 around December 2013. The price then entered into a prolonged, painful bear-market that continued through 2015. The accumulation phase began after this red-box period, when Bitcoin was trading sideways for many months between $80 and $550. This green box began in early 2017 and ended at a high of just under $20,000 by late 2017. This entire cycle, from the peak to a new peak, lasted approximately 1500 days.
Bitcoin’s 2nd cycle began after the December 2017 peak. After a prolonged drawdown, the bear market phase took Bitcoin all the way down to $3,000. Chart marks the point by adding another box in red, and then the orange accumulation zone This lasted well beyond 2020.
It was late 2020 when the green box on the cheatsheet reappeared, just as Bitcoin broke through its prior highs. In 2021 the price exploded and reached an all-time record high in November. This second complete cycle was much shorter than the initial one and covered around 1400 day from the top.
When will the next bull run begin?
Bitcoin reached its all-time highest in November 2021. Since then, it has followed its usual pattern. The bear market phase is characterized by a sharp drop into 2022, which peaked at around $15,000. After the decline, there was a nearly year-long period of slow movement in sideways direction. up until early 2025. On the cheat sheet, this is the orange box.
Bitcoin has entered the next bull market phase according to this analyst. possibly the largest one yet. This chart shows a possible continuation of the growth trend over time, perhaps in the range between $250,000 and $300,000. Notably, the timeline for The entire cycle should be completed in about 1300 days, starting from the end of 2021.
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Bitcoin was trading for $108,260 at the time this article was written.
Chart from TradingView, image from Pixabay
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Source: www.newsbtc.com
