The post Bitcoin Bull Run Enters Final Phase—Analyst Predicts $288K to $370K appeared first on Coinpedia Fintech News
Bitcoin might just be stepping into the biggest rally we’ve seen yet—if history repeats itself. According to crypto researcher Danny Marques, the world’s largest cryptocurrency is entering the final and strongest part of its long-term cycle. If he’s right, the next 12–18 months could take Bitcoin’s price as high as $370,000.
So, what’s the reason behind this bold prediction?
7-Year Pattern That’s Still Holding Strong
Marques has been tracking Bitcoin’s movement since 2017 and points out something fascinating: Bitcoin has been moving within a perfect rising channel for the past seven years.
Each major low, whether it was the 2018 crash, the COVID dip, or the 2022 bear market, touched the lower edge of this channel.
And when Bitcoin peaked, like in 2017 at $20K and 2021 at $69K, it hit the upper line of the same channel. This clean pattern has stayed strong for 7 years and has guided Bitcoin through all kinds of market events.
The Start of the Final Leg?
Meanwhile, in 2024, when Bitcoin broke above its old all-time high of $69K, we saw a clean breakout pattern. According to Marques, every time BTC broke above a major high in the past, a massive rally followed:
In 2017, a breakout above $1,200 led to $20K price
In 2020, a breakout above $20K led to $69K
Now in 2024, a breakout above $69K is already in progress
If we see a similar move to the 2020 cycle (a 418% jump), Bitcoin could reach around $288K this time.
The chart attached by Marques backs up his view. The “cup” started forming in 2021 and rounded out through the 2022 bear market. The “handle” formed in early 2024 as Bitcoin briefly paused.
This pattern points to a price target near $370K, which matches other predictions.
Technical Indicator More Bullish
Moreover, technical indicators like the monthly RSI show that Bitcoin still has lots of room to run. In past tops, RSI neared 90–98. Now, it’s only around 69. That means we may still be early in this cycle.
Also, a key tool called the TABI indicator shows we are still early in this expansion phase.
All signs point toward one thing, Bitcoin may be on its way to a huge price discovery phase, with targets ranging from $197K to $370K.