In the Blockchain sector, a noteworthy pattern has been observed when the price of Bitcoin reaches the previous peak of its uptrend cycle. The Supply in Profit data hits 100% at this point, indicating a potential peak in price. However, this is not a signal of an impending downturn.

In fact, the actual cycle begins when the Supply in Profit data reaches this 100% mark. From this point, the price of Bitcoin continues to rise, maintaining a certain range. This pattern has been consistent in the past.

In the 2017 cycle, this phase lasted for 350 days, during which Bitcoin saw a staggering 1,500% increase. In the more recent 2020 cycle, the same phase lasted 174 days, with a 349% increase.

This analysis suggests a positive outlook for the market, as it indicates that reaching the previous peak is not a ceiling, but rather a starting point for further growth. This pattern could potentially be a valuable tool for predicting future trends in the Bitcoin market.