📈 #Bitcoin 3-Phase Cycle: Why $200K Could Be the Next Peak

🎯 Why $200K Makes Sense

🔹 Fits long-term parabolic channel resistance

🔹 Matches previous $BTC halving top extensions

🔹 Strong psychological target for profit-taking

🔹 Expected timing: Q1–Q2 2026

📊 Key Indicator: #BTC MVRV Z-Score

🔸 Tops > 6.0 = cycle peaks

🔸 Bottoms < 0 = major lows

🔸 Current: 2.67 → rising but still room to grow

🔮 What’s Next

If history repeats:

1. Peak likely before mid-2026

2. Followed by sharp correction into 2027

3. Final bottom forms after miner capitulation