NewsBTC
20 June 2025
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Bitcoin Pullback Sparks Debate on Bull Cycle Continuation

Bitcoin has recently experienced a 6% drop from its all-time high of $112,000. Analysts have mixed opinions about the current market phase.

Fractal Cycles Analysis

  • Titan of Crypto identifies a pattern in Bitcoin's previous cycles involving a 396-day decline followed by significant gains.
  • Past cycles resulted in peaks of $19,800 in 2017 and $69,000 in 2021 after similar declines.

Current Momentum and RSI

  • Analysts note a weakening RSI as a potential indication of a peak.
  • The current bullish phase began in January 2023, with Bitcoin rising 530% since then.
  • Historical patterns suggest at least five more months of upward movement before a potential peak around November.
  • Some forecasts indicate Bitcoin could reach approximately $137,000 before a significant pullback.

Future Price Predictions

  • Samson Mow predicts Bitcoin may exceed $1 million due to government initiatives and heightened demand.
  • Raoul Pal outlines scenarios for reaching $1 million by 2030 driven by monetary policies and supply limitations.
  • Michael Saylor also foresees prices between $500,000 and $1 million before any major correction.

This rally reflects changes in market dynamics, influenced by ETFs and institutional investments. CoinCodex projects Bitcoin will reach around $110,732 by July 19, 2025, with current indicators showing a Neutral mood and a Fear & Greed Index at 57, indicating Greed territory.