Bitcoin’s recent 6% pullback from its all-time high of $112,000 has reignited discussions about whether the rally is over. However, market analyst Titan of Crypto argues the bull market remains intact.
Titan highlights a repeating pattern in Bitcoin’s last two cycles: an initial bear phase lasting about 13 months, followed by roughly 35 months of gains. For example, after a drop from $1,240 to $161 in 2014–15, Bitcoin surged to $19,800 by late 2017. A similar cycle ended at $69,000 in 2021.
“Bitcoin looks to be in the final leg but not done yet,” Titan tweeted, underlining that the current cycle’s bullish phase began in January 2023 and is now in its 29th monthly bar.
While some analysts caution that weakening momentum and the relative strength index (RSI) suggest a peak is near, Titan emphasizes that RSI, trading volume, and on-chain data provide real-time insights into ongoing demand.
Historical patterns suggest Bitcoin could continue rising for at least five more months, potentially reaching around $137,000 before facing a significant pullback.
Prominent figures in the crypto space also remain optimistic. Samson Mow, CEO of Jan3, anticipates Bitcoin surpassing $1 million amid government adoption and increasing demand before any major correction. Similarly, Raoul Pal of Real Vision and strategist Michael Saylor foresee Bitcoin reaching between $500,000 and $1 million by 2030, driven by institutional investment and supply constraints following the next halving.
The current rally differs from previous ones by involving ETFs, large corporate purchases, and widespread attention to on-chain indicators.
Meanwhile, CoinCodex projects Bitcoin may rise about 5.73% to roughly $110,732 by mid-July 2025. The technical outlook currently signals a neutral sentiment, while the Fear & Greed Index stands at 57, indicating a mood of greed.