Murad shared 116 bullish reasons, data analysis, and on-chain signals, believing that the cryptocurrency bull market may last until 2026, breaking the past 4-year cycle pattern, with Bitcoin potentially reaching $150,000 to $200,000. This article originates from the MustStopMurad podcast, organized, compiled, and written by Deep Tide TechFlow. (Background: Bernstein: A 25% correction for Bitcoin does not mean the bull market has peaked; the fundamentals have not changed but rather indicate a phase adjustment) (Background Supplement: Comprehensive data indicators analysis: Bitcoin broke the key level of $100,000; has the bull market really ended?) Guests: Murad Podcast Source: MustStopMurad Original Title: 116 Reasons why Crypto BULL MARKET is NOT OVER Broadcast Date: November 27, 2025 Summary of Key Points Do you remember the call king Murad from the last cycle? The one who proposed the Meme supercycle theory. He is back now. In this podcast, Murad shared 116 bullish reasons, data analysis, and on-chain signals, all indicating that the cryptocurrency market's bull market may continue until 2026. Murad believes that this market cycle may break the previous 4-year pattern and last longer. Highlights Bitcoin may rise parabolically in the future, reaching highs of $150,000 to $200,000. ETF holders have strong long-term confidence in Bitcoin. The Bitcoin bull market has not yet ended and will last until 2026. The stablecoin market is currently in a supercycle. Most of the recent sell-offs come from traders and short-term holders. There is a disagreement with the notion that the market cycle is only four years; this cycle may extend to four and a half or even five years, potentially lasting until 2026. The liquidation volume on the upside (short-selling direction) is significantly greater than that on the downside (long-direction), with more short positions than long positions. There are 30 signals indicating that Bitcoin's traditional cycle has reached its peak, and none have been triggered, which means the market has not yet reached the peak area. The market trend in 2025, including the current price fluctuations, may just be a range-bound consolidation phase, laying the groundwork for the next rally. The maximum pain point prices for Bitcoin options in late November and December are $102,000 and $99,000, respectively, far above the current market price. Bitcoin prices bottomed near the ETF cost basis range (around $79,000 to $82,000), which also aligns with the realized price of the ETF. Additionally, $80,200 (slightly below recent lows) is considered the true market average price for Bitcoin. Multiple price indicators overlap in the range of $79,000 to $83,000, including the ETF cost basis, realized price, and market average price. This price overlap is generally seen as a support area. Further analysis of Bitcoin's realized price distribution reveals that the $83,000 to $85,000 range is also a critical support and resistance transition area. Podcast Content Recent analysis of the reasons for the BTC crash The first question to answer is: why did Bitcoin (BTC) plummet from $125,000 to $80,000? Firstly, some investors who believe in the four-year cycle theory conducted a large amount of selling, exacerbating the market's downward pressure. At the same time, the prolonged government shutdown in the United States exceeded market expectations, further intensifying macroeconomic uncertainty. Due to the government shutdown, financing pressure emerged in the repurchase market, and the slight decline in the stock market also negatively impacted BTC prices. Furthermore, some smaller digital reserve companies and early Bitcoin holders also sold off due to market contagion effects. To a lesser extent, some so-called Bitcoin whales expressed dissatisfaction with the latest Bitcoin core update and engaged in "protest selling." These factors collectively contributed to the atypically rapid decline in Bitcoin prices over the past 6 weeks, dropping from $125,000 to $80,000. Nevertheless, I will demonstrate through 116 reasons and charts that the Bitcoin bull market has not yet ended and is expected to last until 2026. 116 Reasons Supporting BTC Bull Market Continuation until 2026 Technical Analysis and Price Structure (TA) The recent 36% drop we witnessed is not something we have never seen before. If you look at all the pullbacks in this cycle, this one is the fastest, most abrupt, and largest. However, we saw a 32% pullback in early 2025 and a 33% pullback in mid-2024. These pullbacks are roughly equivalent to the current 36% pullback. Therefore, this is not something unusual relative to the current situation in this cycle. The 3-day line has formed a bullish hammer, which is typically a reversal pattern. We need to wait and see if a bottom can be established in the next two to three weeks, but this specific 3-day candlestick pattern is bullish. We are still in a pattern of continuously higher lows. From a higher timeframe perspective, assuming this low of $80,005 is a local low, BTC is technically still making higher lows. BTC just tested the two-week demand zone, and we are essentially at a support level. On a monthly timeframe, we are within a long-term ascending parallel channel. This channel began in 2023, and we are still at a diagonal support level, which is essentially a bullish structure. This is a slow and steady bull market cycle, but this structure has still not been broken. On a longer timeframe, there is also an ascending parallel channel on a logarithmic scale, with its diagonal support tracing back to 2013. This structure is technically still intact, and we just tested its lower edge. Additionally, there is another diagonal line that acted as a resistance level in early 2021, late 2021, and early 2024. We broke through it at the end of 2024, tested it as support in early 2025, and now we are testing it again as support, which may just be another confirmation of resistance turning into support. Momentum and Oversold Indicators The weekly RSI has never been this low since the FDX collapse. The only previous times the weekly RSI was at such a low level were during the bear market bottom of 2018, the COVID bottom, and the mid-2022 3AC/Luna crash. Currently, we are roughly at the level of the COVID period, but this is essentially the lowest weekly RSI since 2023. If you match these weekly RSI levels with the chart, you will find they typically align with the bottoms at the end of bear markets, or sharp declines like the COVID crash. The daily RSI is at its lowest point in two and a half years, with the last time being at this level in the summer of 2023. Statistics show that when the BTC daily RSI falls below the 21 level, the expected future returns appear favorable. Another indicator is the distance from the power law, which is currently at the "buy zone" level. If you connect all the pullback bottoms of this cycle, you will find...

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