Prominent analysts have shown that Bitcoin will retest its major long-term trendlines and continue the likelihood of continuing uptrends or downward pulls to a lower level.
in post At X, Crypto analyst Michael pointed out that he is retesting the trendline over the past eight years after Bitcoin hits a new all-time high of over $123,000. Bitcoin has since declined from this high, currently trading at $114,335, down 0.7% after a 4.1% decline over the past week.
The charts shared by Michael identifies trendlines as key structures that have historically influenced the Bitcoin market cycle. A sustained retest on the line may confirm bullish movements, but obstacles can lead to corrections.
The current chart shows a similar structure. Bitcoin has broken above the trend line. This surged to a new all-time high above $123,000, but then returned to retest the levels. The immediate levels for viewing are between $114,000 and $115,000, and Bitcoin is currently trading.
If Bitcoin holds this level and surpasses the multi-year trendline again, it could be even more upside down. However, the drop below may be similar to the breakout failure seen in 2022.
Next up is the bearish move from $1.5 million to $20,000 from Bitcoin?
Similarly, the chart Share Prominent trader Ash Crypto shows Bitcoin replicating the 2017 Bull Run. In 2017, BTC broke away from a series of descending channels before a vertical surge from $7,900 to an all-time high of $19,841.
Ash Crypto is looking at Bitcoin mirroring the 2017 Bull Run
Currently, in 2025, prices outperform local donkeys by $111,919 and are trading at $116,000 under resistance, reflecting the same setup seen before the final 2017 rally. Ash Crypto says BTC is currently in the parabolic phase and may be on another major breakout crisis, potentially targeting between $150,000 and $180,000 in the coming weeks.
Similarly, a new sort chart Share In trends, Bitcoin also highlights similarities between Bitcoin’s 2020-2022 bull cycle and ongoing gatherings.
Trend Bitcoin believes Hayes’s $250,000 Bitcoin forecast
In previous cycles, Bitcoin accumulated between $8,000 and $12,000 in 2020, erupting in 2021, peaking at $69,000 exactly what former Bitmex CEO Arthur Hayes predicted.
The current cycle illustrates a similar structure with a new breakout in 2025. Trend Bitcoin looks at the same pattern, suggesting that Hayes’ $250,000 forecast is ongoing.
In particular, Peter Brandt had it. Previously, we had forecast between $125,000 and $150,000 in Bitcoin. The top of the third quarter of 2025 will predict a surge of over $200k if it regains its parabolic trendline.