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▲ Bitcoin (BTC)/ChatGPT Generated Image
Bitcoin has once again reproduced the regular pattern it repeated in two past cycles, raising the possibility of breaking through $200,000 in the future.
According to crypto-specialized media NewsBTC on April 23 (local time), Bitcoin (BTC) has maintained its unique cycle of repeating rises and falls based on a fixed period. Analyst 0xbeehive noted the '1,065-day rule' observed between bear and bull markets via X (formerly Twitter), and analyzed 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 of forming a bottom after approximately 365 days of a bear market, followed by 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, in the 2022-2025 cycle, the same trend continued, showing an increase of more than tenfold, from $16,000 to $126,000.
The current market is assessed as being in a phase preceding the entry into a new cycle. The analyst predicted that this bear market would form a bottom around $47,000 in Q4 2026. Subsequently, in the 1,065-day upward trend that will restart, it is analyzed that the Bitcoin price is highly likely to exceed $200,000, even considering a decrease in returns due to asset scale expansion. This implies an upside potential of approximately 5 times the current level.
This periodic pattern shows that Bitcoin has established itself as an asset with its own economic cycle, beyond being a mere speculative asset. Market participants are strengthening their low-point buying and high-point prediction strategies within a fixed time structure. 0xbeehive suggested that this bull market is also likely to be on a predetermined course, 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, with technological advancements and institutional capital inflows intertwined. If the 1,065-day rule proves effective again this time, Bitcoin is expected to exhibit 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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