Bitcoin has maintained the price level of $ 108,000 in recent days. After rebounding a brief decline almost $ 105,500 on Wednesday, Bitcoin recently tested $ 109,000 again In the past 24 hours.
A popular crypto analyst shared a “long-term bitcoin cheeky cheat sheet which claims that cryptocurrency now concluded The final phase that will cause massive price gains.
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The Bitcoin cheat sheet declares the start of the final bull
In a recent article on X, Merlijn the merchant released what he nicknamed The “Bitcoin Bull Run cheat sheet”. This cheat sheet is a ventilation of the past market movements of Bitcoin which show the distinct phases of the lower markets, accumulation areas and subsequent parabolic bull races.
The cheat sheet divides each of the two previous cycles of Bitcoin of 2014 into three colored boxes: red for bear markets, orange for accumulation and green for bull tracks. The graph of Merlijn retraces this repetitive structure in the last decade, showing how each bull market has followed a similar pace which started after a long period of consolidation and ended with a high price explosion.
THE The first full cycle started With the Bitcoin peak around $ 1,000 in December 2013. After this summit, the price entered a long market for the painful bears which has passed in 2015. This red box phase finally went to accumulation, where Bitcoin exchanged side between $ 80 and $ 500 for an extended period. The Bull Run Green Box on the graph began to the beginning of 2017 and finally ended with a peak just below $ 20,000 at the end of 2017. According to the cheat sheet, all this Cycle of the peak in New Peak lasted 1500 days.
The second cycle of Bitcoin began after its top of December 2017. A long withdrawal followed, and the bearing market phase resulted in Bitcoin at $ 3,000 by the end of 2018. The graph marks this point with another red box, followed by the Orange accumulation area It stretched well in 2020.
The green box of the cheat sheet reappeared at the end of 2020 on the right while Bitcoin broke over its previous summits. The price increased throughout 2021 and finally reached a new summit of all time around $ 69,000 in November of the same year. This complete second cycle was shorter than the first and took place around 1400 days from the previous summit.
When will the next bull start?
The current cycle began with the level of all Bitcoin times in November 2021. Since then, the market has gone through its familiar sequence. A sharp decline in 2022 which, at the bottom of $ 15,000, represents the phase of the bear market. The drop was followed by almost a year of movement laterally and slow recovery Until the beginning of 2025. This is represented as the orange accumulation box on the cheat sheet above.
According to the analyst, Bitcoin is now in the next bull phase, and Maybe the biggest to this day. The graph provides for a continuation along the long-term growth curve, perhaps towards the range of $ 250,000 to $ 300,000 in the coming year. Notably, The calendar for The whole cycle this time should take approximately 1,300 days from the end of 2021 to finish.
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At the time of writing the editorial staff, Bitcoin is negotiated at $ 108,260.
Pixabay star image, tradingview graphic