Predicting the Bitcoin cycle requires a combination of technical indicators, on-chain data, halving effects, and the macro environment. Most current models believe that the historical high may be broken in 2025, with the target range concentrated between $88,000 and $140,000, and in extreme cases, it may challenge $180,000. Investors should pay attention to key time points (such as November 2024), macroeconomic policies, and changes in on-chain indicators, while doing a good job of risk management to avoid blindly chasing high prices.