- Bitcoin’s price surge nears $200K, with long-term holders signaling peak market euphoria and potential slowdown.
- From accumulation to distribution, Bitcoin’s strong momentum through 2024 points to a potential bull run climax.
- As Bitcoin approaches its peak, sharp price movements signal the start of the distribution phase in 2025.
Bitcoin’s price is on a strong upward trajectory, showing signs of nearing $200k. According to analyst Gert van Lagen, long-term holders are reaching euphoria, suggesting a peak in market sentiment. As the re-accumulation pattern continues to unfold, Bitcoin’s path to price gains is evident. With a potential recession just two months away, Bitcoin’s upward momentum seems unstoppable. The market’s structural progression reveals crucial phases, each contributing to the current bullish trend.
Bitcoin’s Market Phases Explained
Bitcoin’s price chart reveals several key market phases. The “Start Accumulation Phase” in late 2022 marked the bottom. During this time, Bitcoin consolidated in a tight range. This phase formed a solid base, with minor price fluctuations. As the market moved forward, a “Fast Price Move” upward broke the consolidation pattern. The surge in early 2023 led to a brief re-accumulation phase, where prices tightened within a narrow range.
Consequently, the market prepared for the next price jump. After the breakout, the price continued its upward move. By late 2023, a “Building Pre-Tension” phase emerged. During this period, prices experienced slight pullbacks while continuing to climb steadily. These pullbacks served as a natural correction before the next leg of the upward trend.
Trend Continuation and Distribution
In early 2024, Bitcoin’s price maintained an upward trend. The market entered another re-accumulation phase, confirming further accumulation before the next breakout. By mid-2024, a significant “Trend Continuation” pushed Bitcoin beyond previous highs. As the market approaches its peak, it is entering the distribution phase.
The distribution phase, which typically begins in 2025, follows sharp price movements. These abrupt upward shifts are often followed by sudden pullbacks, indicating selling pressure. Such movements create a volatile range near the peak, as traders begin to offload positions. This phase often signals the end of the current bull run, followed by a possible reversal.
The post Bitcoin Eyes $200K: Market Euphoria Builds as Analysts Predict Peak in 2025 appeared first on Crypto News Land.
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