The core mechanism of Bitcoin, $BTC , determines that it possesses an 'economic rhythm'—halving every four years, with a bull market peak occurring 12-18 months after each halving. Looking back at the previous three rounds:

*2013 Bull Market: rose from $10 to $1000;

*2017 Bull Market: rose from $1000 to $20,000;

*2021 Bull Market: reached a new high of $69,000;

*Halving in April 2024 to 2025: this is precisely the expected window period for the bull market to explode.

From this perspective, 2025 is indeed very likely to be the main battlefield for a new round of great bull markets.