Bitcoin’s market behavior has often mirrored cyclical patterns. Each cycle characterizes accumulation, upward trends, shakeouts, and eventual price peaks. Per an analysis by YouTube Channel CryptosRUs, BTC is replicating these patterns but with some variations.
The speaker emphasized that Bitcoin tends to follow similar trajectories across its cycles, though this time, external factors like institutional investments have introduced new dynamics.
In this cycle, Bitcoin has already breached price levels, defying traditional expectations. The analyst suggests that Bitcoin should have been around $40k according to past cycles, yet it has already crossed the $69k mark multiple times.
The accumulation by large institutional entities has driven a reduced circulating supply, leading to this early achievement.
Related: 9 Reasons Why Bitcoin (BTC) Price May Reach $100,000 Earlier Than Expected
Bitcoin Bear Trap? BTC Price Prediction
The concept of a “bear trap” is central to the current analysis. The speaker describes the recent downturn to around $60,000 as a bear trap, where bearish sentiment temporarily dominates before the market rebounds.
Notably, traders placed a number of short positions totaling $15 billion, expecting further drops. However, Bitcoin’s recovery proved these assumptions incorrect.
Looking ahead, the speaker projects that Bitcoin could reach between $200k and $300k by the next market peak, expected around March or April of 2025.
This projection is grounded in historical trends, where Bitcoin’s price often experiences a parabolic rise following the bear trap phase, leading to market euphoria.
The analyst remains optimistic, stating, “This cycle will probably bring us not only the six figures but way into six figures—$200,000, $250,000, $300,000.”
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Show more +Show less – Institutional Influence and Extended Cycles
A critical element of the analysis is the role of institutional investors in shaping this cycle. Unlike retail investors, institutions are less prone to panic selling, which could prevent the typical 80% drop seen in previous cycles.
The analyst posits that institutions are likely to buy during dips, creating sustained buying pressure and potentially limiting the downside to 40-50%.
Moreover, the traditional “crypto winter,” where prices plummet for an extended period, might not occur as severely due to institutional buying. The speaker speculates that this could lead to a quicker recovery and a shorter duration of despair and capitulation phases.
ETFs and institutional accumulation, especially by entities like BlackRock, have accelerated Bitcoin’s cycle timeline.
Read also: Ripple Analyst Spots Key Patterns, Sees XRP Rallying to $3
Ahead of the Cycle and Final Thoughts
Bitcoin’s early breakthroughs in price, surpassing previous highs, have placed it ahead of the expected cycle. The reduced circulating supply due to institutional buying is a key factor in this acceleration.
The analyst’s final thoughts remain optimistic, urging investors to continue accumulating and holding Bitcoin in anticipation of the next parabolic phase. “Every single cycle Bitcoin pretty much does the same thing… but this time, we’re ahead of the game,” the speaker concludes.
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