Every major Bitcoin bull run has followed a recognizable five-stage sequence: a bull phase, a bear phase, accumulation below the macro range, a disbelief rally back into range, and finally a parabolic move into new all-time highs. This structure has held across the 2013, 2017, and 2021 cycles, each one completing all five stages within roughly a four-year window. The current cycle has not.
Price Chart Comparison. Source: @damskotrades On X
The technical analysis also shows that price action can look weak on a shorter time frame and still remain bullish on a much larger one. That is where Bitcoin appears to be sitting now. The chart setup shows the recent correction is only a mini-cycle correction forming inside a broader macro continuation.
This reading becomes more interesting when placed beside gold and Alphabet. In both examples, price also advanced within a larger macro cycle, paused for a mid-cycle correction, and then resumed higher once that smaller reset was complete.
Gold And Alphabet Inc. Source: @damskotrades On X
Possibility Of A New Price HighNotably, technical analysis shows that gold has always bottomed well before Bitcoin did. For instance, Bitcoin moved higher during gold’s advance in the previous cycle in 2021 but underwent an entire mini-cycle correction while gold was trending straight up. Only when gold completed and topped its parabolic rally did Bitcoin take over into a vertical move, as shown in the chart below.
Gold And BTC. Source: @damskotrades On X
