Bitcoin plays the role of price movement convinced many traders that October 2025 was the peak of the cycle. However, captivating technical analysis shows that the market structure continues doesn’t look complete. CryptoAmsterdam analyst stated that Bitcoin is going through a fleeting correction inside a much larger phase. If this reading is correct, Bitcoin could continue to stage a stronger rally than previous bull markets.
Bitcoin may still be in an unfinished macro bull cycle
Every major Bitcoin bull market has followed a recognizable five-stage sequence: a bull phase, a bear phase, accumulation below the macro range, increasing disbelief back into the range, and finally a parabolic move towards modern all-time highs. This structure continued through the 2013, 2017 and 2021 cycles, with each completing all five stages in approximately four years. The current cycle did not do this.
By CryptoAmsterdam analysis, Bitcoin has reached a modern high without ensuring the characteristic parabolic expansion of Stage 5. Chart comparisons he shared showing Bitcoin’s weekly price action compared to previous cycles show that each of the 2013, 2017 and 2021 cycles lasted approximately 1,456 to 1,477 days from low to high, with Stage 5 representing the most rapid price movement in each case.
However, this phase appears structurally absent in the current cycle. The price action has entered a period of correction since the high of $126,000, but from this reading the framework of the cycle is still open.
Price chart comparison. Source: @damskotrades On X
Technical analysis also shows that price action can look frail over a shorter time horizon and still remain bullish over a much longer term. This seems to be where Bitcoin is currently at. The chart configuration shows that the latest correction is only a mini-cycle correction forming within a broader macro continuation.
This reading becomes more captivating when placed alongside gold and the alphabet. In both examples, the price also rose within the larger macro cycle, paused for a mid-cycle correction, and then resumed rising once the smaller reset completed.
According to CryptoAmsterdam, Bitcoin can now do something similar. If the reading is correct, Bitcoin’s current price action is Stage 3 of a mini-cycle nested within the larger Stage 5 of this macro-cycle. Therefore, the parabolic phase he would still be ahead of us.
Source: Gold And Alphabet Inc.: @damskotrades On X
Possibility of a modern high price
Another reason for the stronger rally is Bitcoin’s tendency to lag other assets. Over the past few years, Bitcoin has often printed macro structures similar to large-cap stocks, only with a lag that can reach hundreds of days. This makes Bitcoin less like a cycle leader and more like the last participant.
It is worth noting that technical analysis shows that gold has always bottomed much earlier than Bitcoin. For example, Bitcoin price rose during gold’s rally in the previous cycle in 2021, but went through an entire mini-cycle correction while gold trended higher. It was only when gold ended its parabolic rally and peaked that Bitcoin took over the vertical move, as shown in the chart below.
Gold and BTC. Source: @damskotrades On X
The next prospect now is that Bitcoin will continue its larger move in Stage 5 as we saw with Gold and Google (Alphabet Inc.). The anticipated move is expected to push Bitcoin’s price to macro cycle highs above $200,000.
Featured image created with Dall.E, chart from Tradingview.com
