Bitcoin is mirroring the behavior of the last two bull cycles. Martinez submits that during the 2017 bull run, BTC amplified by 156%, the earlier all-time high, before crashing by 39%. In 2020, it saw a similar story: a 121% rally followed by a 32% decline. This time, they again proved they were right, and history repeats itself.
Bitcoin surpassed its previous high the other day and has accumulated in the region this week.
According to Martinez, the next trajectory could be an upswell, or maybe an even higher $138,000, before a consolidation occurs.
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