$BTC BTCUSDT
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Hey Binance Square fam! 👋 Get ready for some serious Bitcoin talk! A fascinating analysis suggests a potential bear market on the horizon, with a target price of around $60,000! Let's dive into the details.
Parabolic Uptrend: The Final Hurrah? 🎉
Bitcoin is currently riding a parabolic uptrend, closely mirroring historical patterns from previous halving cycles. Since the last halving in April 2024, Bitcoin has mined roughly 42,480 blocks, bringing us closer to the 70,000-block threshold. Historically, this is where the trend reverses into a deep bear market. 😬
$150,000 Peak Before the Fall? 💰
Based on these patterns, Bitcoin's next major bull market peak is projected around $150,000, around 70,000 blocks post-halving (estimated for August 2025). But brace yourselves, because what follows could be a severe bear market fueled by miner capitulation. 🔥
The 70,000-Block Curse: Why It Happens 📉
* The Mining Difficulty Trap: As Bitcoin's price surges, more miners join the network, increasing competition and driving up mining difficulty. This squeezes profit margins, making it harder for smaller miners to survive. ⛏️
* The Snowball Effect: Once the price peaks and starts to decline, miners begin selling their Bitcoin to cover expenses. This creates a snowball effect, driving the price down further and triggering panic selling. ❄️
* Historical Proof: Every Bitcoin bear market has coincided with major miner capitulation events. Past cycles show similar patterns of a price peak around 70,000 blocks post-halving, followed by a deep drawdown. 🕰️
The 2025-2026 Bear Market Prediction 🔮
* Peak: ~$150,000 around August 2025
* Bottom: ~$60,000 around December 2026