Analyst Unveils Bitcoin Bull Run Cheat Sheet Signaling Start of Major Uptrend
Bitcoin (BTC) has been maintaining its position around the $108,000 mark in recent days, demonstrating resilience following a brief dip near $105,500 on Wednesday. In the past 24 hours, the leading cryptocurrency again tested the $109,000 level, capturing the attention of traders and analysts alike.
Amid this backdrop, a notable crypto analyst has shared a comprehensive “Bitcoin Bull Run Cheat Sheet” that charts the likely trajectory of Bitcoin’s price in the coming months. The analysis claims that Bitcoin has entered the final phase of its current market cycle, setting the stage for substantial bullish momentum.
Understanding the Bitcoin Bull Run Cheat Sheet
Merlijn The Trader, a widely followed market commentator, recently posted the cheat sheet on X (formerly Twitter). The visualization breaks down Bitcoin’s long-term price history into distinct phases: bear markets, accumulation periods, and explosive bull runs. This framework maps out Bitcoin’s behavior from 2014 to the present, illustrating a recurring rhythm in its market cycles.
The cheat sheet uses color-coded boxes to mark these phases across two historical Bitcoin cycles:
- Red boxes indicate bear markets, characterized by prolonged price declines.
- Orange boxes highlight accumulation zones, where Bitcoin’s price moves sideways as market participants consolidate positions.
- Green boxes signify parabolic bull runs with rapid price increases.
Historical Market Cycles Deconstructed
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First Cycle (2013–2017):
The initial full cycle began after Bitcoin’s surge to about $1,000 in December 2013. This peak was followed by a challenging bear market spanning into 2015, depicted as the red phase. Eventually, Bitcoin entered an accumulation phase where it traded between $80 and $500 for a lengthy period, highlighted in orange. The green bull run then kicked off around early 2017, climaxing just below $20,000 in late 2017. The entire cycle—from peak to new peak—lasted approximately 1,500 days. -
Second Cycle (2017–2021):
Post the $20,000 peak in December 2017, Bitcoin experienced another steep drawdown to around $3,000 by the end of 2018, marked again with a red box. This was succeeded by a prolonged accumulation phase extending deep into 2020. The bull run recommenced late that year when Bitcoin broke previous highs, surging through 2021 to a new all-time high near $69,000 in November. This cycle was somewhat shorter, spanning roughly 1,400 days.
What Lies Ahead for Bitcoin?
According to Merlijn’s cheat sheet, the current market cycle began with Bitcoin’s record high in November 2021 at approximately $69,000. Subsequently, Bitcoin endured a steep bear market phase falling to around $15,000 during 2022, followed by an extended accumulation period of sideways price action and gradual recovery lasting into early 2025. The analysis asserts that Bitcoin is now entering the next green bull run phase, which has the potential to surpass previous cycles in scale. Projecting forward, the model anticipates Bitcoin’s price could ascend toward the $250,000 to $300,000 range within the next year. This upcoming cycle phase might complete its full roughly 1,300-day timeline, slightly shorter than prior cycles but possibly more explosive.
Current Market Snapshot
At the time of this report, Bitcoin is trading around $108,260, reflecting cautious optimism among investors as the market navigates this potentially pivotal period.
Disclaimer: This analysis and the referenced cheat sheet represent the views of the analyst and do not constitute financial advice. Cryptocurrency markets are highly volatile, and investors should perform their own research and consider risks before making investment decisions.
Featured image sourced from Pixabay; chart courtesy of TradingView.
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