In recent news, Bitcoin’s slight downturn has ignited a renewed scrutiny over whether its bullish course is reaching an end. However, crypto market analyst, Titan of Crypto, believes there’s still more to this narrative.
Bitcoin experienced a mere 6% dip from its peak at $112,000, which caused some experts to highlight the declining relative strength index (RSI) and predict a market peak. However, Titan of Crypto presents a counter-argument, insisting we are still entrenched in the bull cycle’s most vigorous phase.
Titan identified a consistent pattern in Bitcoin’s past two cycles. Each cycle started with a precipitous decline over approximately 13 months or 396 days. Looking back at 2014-15, Bitcoin’s value plunged from $1,240 to $161 during this period.
Subsequently, prices rallied for 35 months (1,065 days), peaking at $19,800 in December 2017. This pattern of a 13-month fall followed by a 35-month rise was repeated after 2018, ending with Bitcoin valued at $69,000 in 2021.
While some market observers see the declining RSI as an indication of Bitcoin’s zenith, Titan urges us not to overlook it as when momentum diminishes, price often takes a pause. He uses RSI, trading volume, and on-chain data to provide real-time demand analysis.
Current reports indicate the bullish phase of this cycle began in January 2023 and currently is in its 29th month. Bitcoin has seen a 530% surge since the inception of this cycle. If these trends continue, we can expect at least five more months of upward trajectory before reaching a potential peak around November.
Notable crypto industry leaders, including Samson Mow (Jan3 CEO), Raoul Pal (Real Vision), and Strategy’s Michael Saylor, predict Bitcoin values reaching between $500,000 and $1 million before any significant correction occurs. They attribute this to increasing institutional investments and a likely supply squeeze post the next halving.
Unlike previous rallies, Bitcoin now operates in tandem with ETFs, corporate purchases, and an increased number of traders analyzing on-chain signals. CoinCodex’s latest forecast anticipates Bitcoin’s value to increase by 5.73% to around $110,732 by July 19, 2025.
