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▲ Bitcoin (BTC)/ChatGPT generated image
Bitcoin has once again replicated the regular pattern it has shown in two past cycles, raising the possibility of it surpassing $200,000 in the future.
According to crypto media outlet NewsBTC on April 23 (local time), Bitcoin (BTC) has maintained its unique cycle of repeated rises and falls based on specific periods. Analyst 0xbeehive noted the '1,065-day rule' observed between bear and bull markets via X (formerly Twitter), analyzing that the current market trend shows the same structure as past bull market entry points.
Looking at past data, Bitcoin has repeatedly followed a pattern where it undergoes a bear market for approximately 365 days, forms a bottom, and then continues a strong upward trend for about 1,065 days. In the 2018-2021 cycle, it started below $5,000 in 2020 and surged to $69,000 in 2021. Subsequently, the same trend continued in the 2022-2025 cycle, showing an increase of more than 10 times, from $16,000 to $126,000.
The current market is considered to be in a phase preceding the entry into a new cycle. The analyst predicted that the current bear market would bottom out around $47,000 in Q4 2026. Subsequently, during the renewed 1,065-day upward phase, it is highly likely that the Bitcoin price will exceed $200,000, even considering reduced returns due to asset scale expansion. This implies a potential increase of about 5 times compared to the current price.
This cyclical pattern demonstrates that Bitcoin has established itself as an asset with its own economic cycle, beyond being a mere speculative asset. Market participants are strengthening their strategies for buying at lows and predicting highs within a fixed time structure. 0xbeehive suggested that this bull market is also likely to follow the predetermined trend, given that Bitcoin's price movement is tracing the same trajectory as past upward formulas.
The Bitcoin ecosystem is forming a more robust foundation than before, driven by technological advancements and the inflow of institutional capital. If the 1,065-day rule proves valid again this time, Bitcoin is expected to experience a record-breaking upward trend, once again standing at the center of the global financial market.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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