Garlic is coming my friends

Bitcoin’s (BTC) current market trajectory resembles the 2016–2017 bull cycle, with potential to reach $150,000, according to Glassnode lead analyst James Check. Speaking on the Theya podcast on Jan. 23, Check suggested that Bitcoin’s price action is following familiar patterns and could soon enter a “topping cloud” between $120,000 to $150,000, though sustaining those levels may prove challenging.Bitcoin’s Short-Term Surge Could Lead to a RetraceCheck anticipates that while Bitcoin (BTC) could break past $150,000, it would likely not hold above that level for long. Currently trading around $104,120, Check argues that the market may enter a speculative fever phase beyond $150K, followed by a retracement to lower levels.Data from Bitbo indicates that short-term Bitcoin holders have an average entry price of $90,349 per BTC, while long-term holders acquired their holdings at an average of $24,627. A move to $150,000 would result in a 66% profit for short-term investors and a 509% gain for long-term holders.Echoes of the 2017 Bull MarketComparing the current market cycle to 2017, Check highlighted key similarities, noting that Bitcoin (BTC) experienced gradual rallies and corrections before its parabolic rise to $19,783 in late 2017.“The market in 2017 was spot-driven, with minimal influence from derivatives and stablecoins,” Check said. If Bitcoin continues along this trajectory, it could remain range-bound until May, followed by another leg up.Mixed Predictions for Bitcoin's Peak in 2025While some analysts predict a major bull run in Q1 2025, others believe Bitcoin may hit its true macro cycle top in Q4 2025, according to pseudonymous trader Braver.Another trader, Mags, pointed out that Bitcoin's last all-time high above $109,000 on Jan. 20 suggests another high could follow within 230 to 330 days, putting the next potential peak between July and October 2025.Despite recent market consolidation, analysts remain optimistic that Bitcoin’s (BTC) current cycle will see further growth before entering a potential bear market in 2026, according to Cointelegraph.