Bitcoin is preparing for the next big leap: Trend analysis and cycle peak signs

Bitcoin is gradually asserting signs of the next leap after completing the first phase of 'price-discovery consolidation.' According to some experts, after going through a correction phase following the parabolic price increase related to the halving event, this cryptocurrency is ready to enter the second phase of 'price discovery rise.' Post-Halving Period and Price Adjustment In the past, Bitcoin has witnessed strong price surges after completing the initial correction phase. After the halving event, following a strong price surge (parabolic phase), the market needs time to seek an equilibrium price level, known as the "price-discovery consolidation" phase. Rekt Capital has noted that Bitcoin has surpassed this initial correction phase and is preparing for a new strong potential price increase. Lessons From Previous Cycles A typical example is according to Jelle's article on X (previously Twitter), showing: In 2017, Bitcoin increased by 577% in 133 days. Meanwhile, in 2021, the increase was only about 70% in 56 days. These figures show that the volatility and rate of price increase of Bitcoin vary by cycle, but still demonstrate growth momentum when key adjustments are completed. Technical Indicators and Cycle Peak Signs Another interesting indicator that experts are monitoring is Bitcoin's ability to cross the (Moving Average) 2-year MA line. History shows that when Bitcoin crosses above this average line, it often signals a potential price peak. In the first two cycles, the price of Bitcoin peaked when it surpassed the 5X mark. In the previous cycle, the currency did not reach its peak until it hit the 5X mark - far exceeding the previous 4X mark - indicating a decreasing trend in the multiplier over time. Potential Growth Scenario Despite signs pointing to the possibility of reaching the traditional peak ( 5X) multiplier, Jelle also emphasizes that even if Bitcoin only achieves a 3X multiplier in the current cycle, its price can still grow significantly. According to current analysis, data indicates the potential target for this cycle could reach $152,000. Conclusion While the cryptocurrency market is always highly volatile, technical indicators and historical data suggest that Bitcoin may be on the brink of entering a new growth cycle. Completing the initial correction phase after the parabolic price increase along with signals from the 2-year MA have created a positive outlook for the next price surge. Although the growth rate may not reach the peaks of previous cycles, the growth potential is still considered significant, opening up many attractive opportunities for investors. DYOR! #Write2Earn #BNBChainMeme $BTC {spot}(BTCUSDT)