**Bitcoin Market Analysis: A Positive Outlook Based on Historical Cycles and Macro Trends**

When examining Bitcoin's movements from a cyclical perspective, historical data reveals two distinct rising phases. Notably, during the 2013 and 2020 bull cycles, long-term investors realized profits twice, reaching market peaks. In contrast, the 2017 cycle lacked such period adjustments.

Applying this macro perspective, current market trends are more likely to mirror the 2013 or 2020 movements rather than 2017. Additionally, recent global interest rate cuts suggest that liquidity may take several months to more than a year to fully impact the market. However, market prices often move in anticipation of participant expectations, indicating a potentially favorable trend by 2025.

Investors focusing on long-term strategies rather than short-term fluctuations are more likely to achieve superior results.