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Bitcoin had a phenomenal year that started after 2024’s US presidential elections and culminated in early October with a surge to a new all-time high of over $126,000. The asset also spent several consecutive months within a six-digit price territory, and it enjoyed a healthy demand for the spot Bitcoin ETFs alongside different sorts of adoption.<\/p>\n
However, the landscape since that aforementioned new peak has been quite different. Its price tumbled by over 30% and sits well below $90,000 as of press time. As such, the sentiment has flipped to mostly bearish, with numerous analysts calling<\/a> for the start of a new such phase. Merlijn The Trader, though, sees things differently.<\/p>\n BREAKING:<\/p>\n THIS ISN\u2019T A CRASH. Raoul Pal just spelled it out:<\/p>\n The old 4-year halving cycle is over. For 15 years the script was simple: That ended when $125B+ ETFs,\u2026 pic.twitter.com\/zlwY1jQ5Lv<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) December 19, 2025<\/a><\/p>\n<\/blockquote>\n Citing a recent interview by Raoul Pal, in which he argued that the four-year cycle narrative is over<\/a> and BTC is now driven by liquidity as it explains 90% of its price action, Merlijn explained that the asset’s initial phase has ended when ETFs, sovereigns, and macro funds turned it into a global commodity.<\/p>\n Further, both noted that they aim to trade liquidity, not calendars, and outlined the significant changes coming for next year:<\/p>\n – Business cycle bottoming<\/p>\n – Fiscal stimulus loading<\/p>\n – Global money printer warming up<\/p>\n – Institutions forced to chase<\/p>\n Merlijn concluded that corrections are not the end of the bull markets anymore: instead, he called them “slingshots.” Consequently, he warned traders that they need to adapt to the new BTC cycle version:<\/p>\n “Trade like it\u2019s the old cycle that no longer exists.<\/p>\n Or position for the exponential curve already in motion.”<\/p>\n<\/blockquote>\n Given the price movements over the past couple of months, it’s difficult to speculate about massive increases in 2026. However, pseudonymous analyst Wise Crypto recently did that and highlighted<\/a> a mindblowing target of up to $600,000 next year if all factors align in a perfect crypto storm.<\/p>\n Some of those include the highly anticipated end to the Fed’s quantitative tightening, additional rate cuts, improving short-term liquidity through Treasury bill support, and the US mid-term election cycle, all of which should lean in favor of risk assets.<\/p>\n The post Bitcoin Is Not Crashing, It’s Coiling: Analyst Predicts Massive BTC Breakout Next<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
\nIT\u2019S A COIL.<\/p>\n
\nWe\u2019re in a liquidity-driven supercycle.<\/p>\n
\nHalving. Supply shock. Retail mania. Top. Winter.<\/p>\nCoiling, Not Crashing<\/h2>\n
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$600K in 2026?<\/h2>\n