$BTC

BlockBeats News: On May 13, analysts from BiyaPay stated that according to Bitcoin's monthly chart, the cryptocurrency may have entered a parabolic growth phase. Reviewing history, each of Bitcoin's ending cycles has had this phase, and in the last two cycles, the period from bottom to peak was 1,064 days, with the first cycle lasting a little over 1,148 days. The current cycle will only reach 1,064 days in October 2025, indicating that the current upward trend still has room for development.

Technically, Bitcoin has shown clear bullishness in April and May. At the same time, Bitcoin seems to be breaking out of a bullish flag pattern, with the historical high of $109,000 being a crucial point. At the macro level, trade agreements and the Federal Reserve's (Fed) interest rate adjustments could be favorable factors. Trade agreements between the U.S. and other countries may reduce market volatility; if the Fed lowers the federal funds rate, this will increase market liquidity, both of which could drive Bitcoin prices higher.

Analysts maintain the price target for this Bitcoin cycle at 10 times the cycle's bottom price, around $150,000. However, investors should note that predicting Bitcoin's price trend is very difficult, and surpassing the historical high of $109,000 is not a certainty.