The Bitcoin (BTC) market is building a new chapter in its history of promotion and revision, but this time there is another nuance.
Major participants such as large corporations and Bitcoin Quote Funds (ETFs), They are modulating the market rhythm to avoid early overheatingIn a report prepared by an analyst identified as Crypto Dan, the company says it is encrypted when it tries to extend the period of this upward cycle.
Unlike the previous year’s pattern, The current behavior suggests a deliberate strategy to extend the growth stageBitcoin prices can peak at euphoric stages at prices up to $200,000 or more.
Past Cycle: Promotion and Modification Patterns
In the upward cycle of 2017, Bitcoin prices showed a sustained bullish trendinterrupted by a short correction. Analysts highlight the 7-8 month revision of the mid-term phase of that year, similar to the period observed in 2024.
Next capitalization graph segmented by age bands in UTX Signals of accumulation by long-term investors.
However, during the 2017 rise, these currencies began to move towards new buyers, marking the typical distribution stage of the upward market in the final stage.
Meanwhile, the 2021 cycle first faced long-term revisions. It was exacerbated by the Covid-19 pandemic, which expanded the set-off to almost a year.
After this phase, the market experienced a robust rebound with minimal corrections to conclusion. The graph shows that the old coins were again dominated after accumulation in 2018 and 2019, but 2020-2021 rebound He moved control in the hands of a short-term traderthere is a notable extension of the younger age band at UTXO.
Current Bitcoin Cycle
In the current cycle (2024-2025), Bitcoin shows unique behavior. The initial stage included a short correction followed by a reboundhowever, 2024 brought the asserted set-off at two key moments, from March to November, and from January to April 2025.
During these periods, Altcoins record weak performance and affect the general sense of the market, analysts explain.
The current rebound involves contraction of the UTXO’s elderly band, but the youngest grows. Shows “Hoddlers” is selling to new investors.
However, experts differ from previous cycles; This illustrates a pattern of “artificial suppression” that is interpreted as efforts from key participants..
For example, these are Companies that accumulate Bitcoin and ETF managerscools the market and prolongs the cycle. “These movements try to avoid early overheating and prepare the ground with a critical bubble for the euphoric stage,” the analyst explains.
Institution players mark the rhythm
These major participants include large companies such as Twenty One Capital, who recently raised $100 million through convertible bonds. Adding a total of $685 million, primarily destined to acquire Bitcoin.
The company is the third largest company with Bitcoin among traded companies, and follows giants such as Strategy and Mala Holdings.
Similarly, Bitcoin ETF provided exposure without the need to directly manage assets, encouraging institutions to markets. These actions, They contribute to market stabilization strategies to extend the upward cycle.
Ambitious price forecast
Bitcoin price forecasts are different, but consensus is pointed out highly. Manuel Beaudroit, CEO of Argentine Exchange Belo, estimates the range of $180,000 to $200,000 at this dollar stage.
Standard chartered projects have maintained growth: $300,000 in 2026, $400,000 in 2027, $500,000 in 2028, stable until 2029. These numbers They reinforce the expectations of the final stages marked by a sense of happiness, despite being under more strategic control than past cycles..