Bitcoin prices could soar to $140,000 within three months if historical patterns hold true!! 🔥🚀👩‍🚀

Previous market cycles suggest potential for a significant upward move after surpassing all-time highs.

In the 2013 cycle, Bitcoin peaked around $1,130 and didn't break this level again until March 2017, then doubled in the following three months. Similarly, after the 2017 high of $20,000 was exceeded in December 2020, Bitcoin doubled within a month. With Bitcoin's 2021 high of $69,000 surpassed in March, prices might double to approximately $140,000 soon.

"Alpha Analysis" highlighted on May 23 that in both 2014 and 2017, there were multi-week corrections after new price peaks before subsequent surges. Bitcoin's recent behavior aligns with this, having corrected 23% by May 2 but remaining range-bound since breaking the 2021 high on March 12. Analyst Will Woo echoed this sentiment on May 22, noting that while Bitcoin prices stagnated recently, available BTC was being accumulated, predicting an imminent price surge past all-time highs.

Glassnode's James Check added that the market is still not in the true euphoria phase of the bull cycle, suggesting we're between enthusiasm and excitement.

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