Bitcoin has already shown a lot of strength recently, pushing even USD 123,000 before he returned to USD 117,000. So far, it seems that the digital resource has hit a road block and probably looks at the top. But the Merlijn analyst has a trader explained that it is far from Bitcoin with subsequent rallies. It reveals that the price of Bitcoins has not yet organized the “final act”, which must happen before talks about the top appears.

The 4-year Bitcoin cycle is still in the game

At the price of bitcoins, it increased to fresh all time, which had never happened before, there were conversations that 4-year cycle He was broken. In order to clarify the 4-year cycle is related to the events by half the Bitcoins, which take place every four years, cutting block prizes for miners in half.

However, reduction of block awards is not the only fascinating thing in a four -year cycle, because every half also introduces a fresh bull market. This was the case with the last three bull cycles, and Bitcoin is also to happen. Historically market rallies For about a year after half, with the highest number of a year later. Following this trend, the price of Bitcoins and the cryptographic market should continue to gather before the end this year.

Pointing to this 4-year cycle, the analyst forecasts another section of price growth. The chart shows it The price often decreases For one year, and then rallies for three years, and so far the price of Bitcoins gathered only for two, leaving 2025 as another year for the assembly.

In addition, Bitcoin is still far from levels that previously meant the peak of previous bull markets. So there is still some time before it reaches the peak in 2025. In addition, each cycle of bulls increased by 3x by 3x higher than its previous highest levels, and the year is reached by up to 2x higher than the previous 69,000 USD.

How high can BTC go?

If the four -year cycle is still in the game, it means that the Bitcoin price rally is far from the end. On the chart of the analyst shows a possible top for Bitcoins based on previous cycles, and BTC is still in the middle of the box. The best BTC price is around USD 200,000 before you can reach TOP.

The analyst warns that Bitcoin intends to enter what he calls “the most expensive episode of them”, pointing to the next rally to the ups of all time. If this forecast goes on, Bitcoin is to see another 50% rallies before the end of the bull market.

A distinguished picture from Dall.e, chart from tradingview.com