The price of Bitcoin has re-entered the spotlight after a market analysis that contradicts that a a major cyclical indicator has already appeared, which could make the way to $320,000. According to @CryptoTice’s post on X, the latest market it shows that Bitcoin is already over his latest cycle downpositioning it to retrace the upper bound of the long-term price trend.
Bitcoin Price Channel Points to $320,000
The analyst’s opinion is based on a long-term trend that has guided the movement of Bitcoin’s price for many years. In this example, market capitalization it tends to form near the lower limit, while strong rallies eventually push the price to the upper limit of the cycle before turning back down. This pattern shows a repeating pattern where each drop creates a new base before the next big rise.
Collaborative Reading
Previous stock markets follow the same pattern. Bitcoin made an all-time low near $2 in 2011, followed by a low of $170 in 2015. The next low was seen near $3,800 during the 2020 market crash.
The practice continued in the following yearsBitcoin dropped to $15,000 in 2023 before recovering. According to the analyst, the latest round could be around $60,000 in 2026, and also connect to the lower limit of the long-term trend.
In previous lines, rebounds from the bottom pushed Bitcoin to the top of the channel. If the same system is working, the current method is installed upper limit around $320,000is when the analyst believes the next big risk will occur.
ATH Retest Pattern Appears Again As Bitcoin Maintains Key Structures
In a recent post, the same expert to point to another history that reinforces it Bullish Bitcoin sentiment. He compares the cycle of Bitcoin in 2017-2020 with the situation of 2021-2026, and highlights what he describes as the same thing that happens after Bitcoin breaks its top (ATH).
Collaborative Reading
According to the chart he posted, Bitcoin’s previous cycle saw the market rise above the 2017 ATH before retracing the break zone as support. After doing this, the market started to rise again and went from about $17,000 to about $69,000. The researcher says that a similar system has also appeared.
The latest setup shows Bitcoin retesting its old ATH area which is the “ATH retest.” Instead of breaking the level, the price seems to be settling near the previous resistance area, which the analyst interprets as confirmation that broad bullish order they stay.
He compares both cycles side-by-side, emphasizing the similarities between the old rework assembly and the current design. He also describes development as a “launchpad” and believes that, if the historical relationship continues to do the same, the current system can help another. The change in the exchange of Bitcoin to Bitcoin.
Graphic design by Dall.E, chart from Tradingview.com
