Bitcoin’s price trajectory has sparked renewed speculation about a potential multi-year rally, with analysts suggesting the cryptocurrency could reach $150,000 to $280,000 by late 2024 or early 2025. This forecast is grounded in historical patterns observed over the past decade, where Bitcoin’s price cycles have followed a recurring structure of bear markets, accumulation phases, and sharp bull runs. According to the model, each cycle has lasted approximately 1,300–1,500 days, with the most recent compression shortening the interval to around 1,300 days since the 2021 peak [1]. If this trend continues, the next bull market surge could align with the projected timeline, mirroring prior cycles that saw exponential price gains as Bitcoin approached logarithmic trendline resistance [1].
The analyst’s long-term monthly chart analysis highlights that Bitcoin is currently in the final stages of its third accumulation phase. This phase is characterized by sideways price consolidation, which precedes a breakout into a bull run. Historical data from 2013, 2017, and 2021 show that the upper trendline—acting as a long-term resistance target—has consistently capped price peaks. The current structure suggests a similar pattern may repeat, with the projected upper range of $150,000–$280,000 aligning with the trendline’s historical role [1].
Short-term technical indicators also support the bullish outlook. A 4-hour chart analysis by Merlijn The Trader revealed Bitcoin breaking out of a descending wedge pattern, followed by a sharp decline that aligned with the “fear and despair” phases of the market cycle. However, the subsequent consolidation and surge in volume during the breakdown signal a potential reset ahead of a major breakout. The analyst emphasized that such short-term volatility is typical in the accumulation phase’s closing stages and could reinforce the timing of the next rally [1].
On-chain data further complements the analysis. Recent increases in global M2 liquidity, coupled with a 10-week historical correlation with Bitcoin’s price, have strengthened the case for a sustained uptrend. While Bitcoin’s price currently trades around $118,952—a 0.80% rise on the day—its 24-hour trading volume has surged by 25% to $58 billion, indicating heightened market activity [1].
Despite these optimistic signals, the forecast hinges on the continuation of the observed cycle model. Analysts caution that deviations from historical patterns, such as regulatory shifts or macroeconomic downturns, could alter the trajectory. However, the convergence of long-term cyclical trends, technical indicators, and liquidity factors has created a compelling case for Bitcoin’s potential to test the $280,000 level in the coming months [1].
Source: [1] [Bitcoin Price Could Hit $280K in the Next Major Rally] [https://www.thecoinrepublic.com/2025/07/28/bitcoin-price-could-hit-280k-in-the-next-major-rally-heres-how/]
