๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ป๐๐ฒ๐ฟ๐ ๐๐ถ๐ป๐ฎ๐น ๐๐๐น๐น ๐ฃ๐ต๐ฎ๐๐ฒ โ $๐ฏ๐ณ๐ฌ๐ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐ ๐๐ป ๐ฆ๐ถ๐ด๐ต๐?
A well-known crypto researcher, Danny Marques, believes Bitcoin is now entering the last and strongest stage of its current market cycle โ and he predicts BTC could reach as high as $370,000 within the next 12โ18 months.
๐ Why He Thinks This
Marques points to a repeating breakout pattern that has shown up in past bull runs:
In 2017, BTC broke $1,200 โ surged to $20K
In 2020, it broke $20K โ jumped to $69K
In 2024, BTC broke $69K โ and a new rally may be underway
If history repeats with a similar move like 2020 (a 418% gain), BTC could hit $288K โ or even $370K based on longer-term chart patterns.
๐ The 7-Year Price Channel
Bitcoin has followed a rising price channel since 2017. Every crash (2018, COVID, 2022) touched the bottom of this range, and every bull run topped out at the upper edge.
Now, BTC is again approaching the upper side, hinting this cycle may still have big gains left.
โ The Cup-and-Handle Signal
Marques also points to a cup-and-handle formation, a common bullish signal in technical analysis. The โcupโ formed during the 2021โ2022 bear market, and the โhandleโ completed earlier in 2024 โ a setup that often leads to a breakout.
๐ Indicators Show Thereโs Still Room to Run
RSI (momentum indicator) is only at 69 โ still far from the overheated levels (90+) seen at past tops
The TABI cycle model also says weโre still early in this bull phase
๐ง Final Take
Marques isnโt saying itโs guaranteed, but based on 7 years of consistent data, he believes BTCโs next move could be its biggest yet. Targets range between $197K and $370K โ and long-term holders may want to keep a close eye.