Bitcoin has not yet peaked? Analysts say the upper limit for this cycle is $200,000.

Analyst Merlijn The Trader stated that Bitcoin has not yet peaked, and the current price adjustment is merely the "prologue before the endgame." He pointed out that Bitcoin is still in a four-year cycle, and 2025 could be the last year of the pump, with a target price potentially reaching $200,000.

Bitcoin trend is not yet over, analysts bullish to 200,000 dollars

Recently, Bitcoin's price has been strongly pumping, breaking through $123,000 for a time, but then retracing to the $117,000 range. Although the market speculates that Bitcoin may have reached its peak, analyst Merlijn The Trader holds an opposing view. He believes that this bull market is not over yet, and Bitcoin's "final explosion" has not truly unfolded.

The four-year cycle is still valid, and 2025 may be the last year of the pump

Analysts emphasize that Bitcoin's "four-year cycle" has not failed. This cycle is closely related to the halving events, and the year following each halving is usually the peak period of a bull market. Although this round of market conditions reached historical highs before the halving, leading to discussions about the failure of the cycle, analysts believe that this does not affect the overall cycle structure.

Historical data shows that in each cycle, Bitcoin experiences 1 year of decline followed by 3 years of pump. Currently, this round of pump has lasted for two years, and 2025 may be the final year of rise.

Bitcoin price is still away from the historical peak

Although the price of Bitcoin has surpassed its previous high, there is still significant pump potential compared to past bull market peaks. Historically, in each bull market, the price of Bitcoin often rises three times higher than the previous high, while it has not yet achieved two times currently. According to the chart model, the upper limit of this round's peak range is around $200,000, and the current price is still in the "middle zone."

Next stage: The "greenest range" in the bull market is about to arrive

Merlijn pointed out that Bitcoin is about to enter the "greenest stage" - which is the period of the most significant rise. He expects that before the market finally peaks, Bitcoin has another 50% rise potential, which means that BTC may break its historical high again in the next few months.

Conclusion: As the four-year cycle is once again validated, the final chapter of the Bitcoin bull market may not have begun yet. The current price fluctuations might just be a consolidation phase before the main upward wave, and crypto investors should closely monitor market trends and institutional movements in the coming months. If you want to seize the next round of rising market conditions, now may be the time to reassess your Bitcoin holdings.