Technical analysis by Phenor about Symbol BTC on 5/19/2025

As we approach the final phase of the current Bitcoin cycle, the broader picture is coming into focus. This analysis maps the journey from November 2022 to November 2026 via a projected cycle peak in October/November 2025, highlighting key price channels and Fibonacci retracement levels. - Previous cycle's peak: $69K. - Projected cycle peak: ~$143K. - Bear market target (1.618 Fib Level): ~$ 31K, November 2026. This chart outlines the path Bitcoin could take, helping anticipate the transition from the current bull run into the inevitable bear market. I expect a market correction this summer, setting the stage for a sharp price surge starting in mid-August. This momentum could drive Bitcoin toward its anticipated all-time high in the final quarter of the year. Will history repeat, or will new macro factors reshape the landscape?