Bitcoin price is once again in the spotlight after a market analyst claimed that a main cyclic signal has already emerged, potentially setting the stage for a move towards $320,000. According to @CryptoTice’s post on X, the latest market structure suggests that Bitcoin is already over the latest bottom of the cyclesetting it up for another move towards the upper boundary of the long-term price channel.
Bitcoin price channel points towards $320,000
The analyst’s opinion is based on a long-term upward channel that has been driving Bitcoin’s price movement for years. In this pattern major market bottoms they tend to form near the lower boundary, while forceful rallies eventually push the price towards the upper boundary before the cycle turns downwards again. The structure suggests a repeating cycle in which each dip creates a novel base before the next massive rally begins.
Previous market cycles followed the same pattern. Bitcoin made a major low near $2 in 2011, followed by another low near $170 in 2015. The next low in the cycle occurred near $3,800 during the 2020 market crash.
This trend continued in later yearswith Bitcoin falling to around $15,000 in 2023 before the next recovery begins. According to the analyst, in 2026 the final bottom of the cycle could be close to $60,000, again coinciding with the lower boundary of the long-term channel.
In previous cycles, bounces from this lower level eventually pushed Bitcoin towards the top of the channel. If the same structure is maintained, the current path places upper limit near $320,000This is where, according to the analyst, another essential peak may occur.
The ATH retest pattern re-emerges as Bitcoin holds a key structure
The same analyst in a newer post pointed to another a historical pattern that reinforces Bitcoin’s bullish outlook. He compares Bitcoin’s 2017-2020 cycle with its current 2021-2026 structure, highlighting what he describes as a near-identical sequence unfolding after Bitcoin broke its previous all-time high (ATH).
According to the chart he posted, Bitcoin’s previous cycle saw a market break above the 2017 ATH, after which the breakout zone was retested as support. After maintaining this level, the market returned to an uptrend and rose from around $17,000 to almost $69,000. The analyst argues that a similar structure has reappeared.
The latest setup shows Bitcoin revisiting its former ATH region as part of an “ATH retest.” Instead of breaking below the level, the price action appears to be stabilizing around the former resistance zone, which the analyst interprets as confirmation that broader bullish structure remains intact.
He compares both cycles side by side, emphasizing the similarity between the earlier retest rally and the current formation. He further describes the development as a “starting point” and believes that if historical relationships continue to be similar, the current structure could support the next stern upward movement in the price of Bitcoin.
Featured image created with Dall.E, chart from Tradingview.com
