Bitcoin has kept steadily on the price level of $ 108,000 in recent days. After bouncing back from a short withdrawal near $ 105,500 on Wednesday, Bitcoin recently tested $ 109,000 In the last 24 hours.
A popular crypto analyst has a long-term “bitcoin bull run cheat sheet” that claims that the cryptocurrency has now entered into The final phase that will lead to massive price profits.
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Bitcoin -Cheat Sheet explains the start of the last bull phase
In a recent message about X, Merlin, the trader Brought what he called The “Bitcoin Bull Run Cheat Sheet.” This cheat sheet is a breakdown of Bitcoin’s earlier market movements that shows the various phases of bear markets, battery zones and subsequent parabolic bull runs.
The cheat sheet divides each of Bitcoin’s two previous cycles of 2014 into three colored boxes: red for bear markets, orange for accumulation and green for bull runs. Merlijn’s graph follows this repeating structure in the past decade and shows how each bull market followed a similar rhythm that started after a long consolidation period and ended with a strong price explosion.
The The first complete cycle started With the peak of Bitcoin around $ 1,000 in December 2013. After that top, the price entered a long, painful bear market that extended in 2015. This red box phase finally turned into accumulation, with Bitcoin for a longer period between $ 80 and $ 500 hit aside between $ 80 and $ 500. Less than $ 20,000 at the end of 2017. According to the Spiekblad, this entire cycle lasted from peak to new peak 1500 days.
The second cycle of Bitcoin started after the top of December 2017. A long drawing followed and the Bear market phase dragged Bitcoin to $ 3,000 towards $ 3,000. The graph marks this point with a different red box, followed by the Orange Battery Zone That stretched well in 2020.
The green box of the cheat sheet appeared directly at the end of 2020 when Bitcoin broke above his previous highlights. The prize shot up in 2021 and eventually reached a new of all time around $ 69,000 in November of that year. This second full cycle was shorter than the first and included about 1400 days from the previous top.
When does the next bull run start?
The current cycle started with Bitcoin’s all-time high in November 2021. Since then, the market has completed its familiar series. A sharp decrease in 2022 that created around $ 15,000 represents the Berenmarkt phase. The decline was followed by almost a year of lateral movement and slow recovery Until the beginning of 2025. This is displayed as the orange accumulation box on the cheat sheet above.
According to the analyst, Bitcoin is now in the next bull phase, and Possibly the largest so far. The graph projects a continuation along the long -term growth curve, possibly in the direction of the range from $ 250,000 to $ 300,000 in the coming year. Remarkable, the timeline for The entire cycle this time takes approximately 1,300 days from the end of 2021 to complete.
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At the time of writing, Bitcoin acts at $ 108,260.
Featured image of Pixabay, graph of TradingView