Bitcoin’s (BTC) price action in early 2025 has left investors uncertain, with February marked by a month-long consolidation. The market, which initially expected an aggressive breakout at the start of the year, is now weighing the possibility of an impending bear phase.
However, long-term technical analysis of Bitcoin’s price cycles suggests that BTC remains on track to reach a new all-time high of $200,000, as observed by TradingShot in his recent analysis on TradingView.
Despite short-term weakness, historical cycle patterns indicate that BTC’s broader trajectory remains bullish.
Bitcoin’s market cycle points to further upside
A closer look at Bitcoin’s historical price patterns reveals that each bull cycle follows a structured parabolic trajectory, albeit with diminishing volatility as the asset matures.
BTC price analysis chart. Source: TradingShot/TradingView
The Mayer Multiple (MM) trend, a key technical indicator measuring price deviations from historica
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