Facing the pullback, some pessimistic predictions suggest that Bitcoin will drop to 80,000 or even 70,000, but I must say that reaching 120,000 is more likely than dropping below 80,000, with a probability more than doubled. The monthly chart has already hinted that the next wave of major increases is about to arrive, and a series of 4-5 months of bullish candles is far from a fantasy.

Historically, during the last bull market, Bitcoin started from 3,600 and nearly broke 70,000 before sprinting to 100,000. The starting point for this cycle is already around 15,600, a fourfold increase in the base, with 100,000 being merely the new starting point for this bull market. By the end of next year's bull market, it may rise another 30,000 to 50,000 above 100,000.

Are bloggers optimistic about the next three years due to Republican rule? I don't think so. Bitcoin follows its own bull and bear cycles, with each bull market lasting only 12-16 months; anything beyond 16 months must correct.

On April 17, 2028, Bitcoin will undergo a halving, indicating a potential bear market starting after April 2026.

By the end of next year, the Federal Reserve may announce a timeline for stopping rate cuts and shifting to rate hikes in 2026.