Due to the halving every 4 years, Bitcoin's price has historically shown strong cyclical patterns. Each new high is generally several times the previous high. However, due to the increase in market capitalization, this multiple effect has been decreasing year by year. The peak of the bull market in 2021 was just over 3 times the peak of the bull market in 2017. Historically, it is expected that 2025 will be the peak of this cycle, with a rational estimate being between 2 to 3 times the previous peak, leading to a price range of approximately $140,000 to $210,000. Of course, we cannot rule out a FOMO surge past $210,000. If you have chips in hand and do not urgently need the money, there is no rush to reduce or liquidate your position this year; it might be better to wait until next year to make a decision.