Bitaigen Research By reviewing Cryptonary’s research on the miner capitulation phase, we reveal that Bitcoin often embarks on a prolonged upward trend once this stage concludes. The article dissects the typical characteristics of historical cycles and, combined with the current market trajectory, offers a deep‑dive assessment of potential future moves to help readers spot possible opportunities. To understand the underlying logic and empirical data, please continue reading.
After the miner capitulation phase ends, Bitcoin typically enters a strong rally lasting several months and, in some cases, up to a year, with multiple instances of sharp price spikes recorded in history.
At present, Bitcoin has reclaimed a key support level during the market rebound, suggesting that the next leg could aim toward $220,000. This target stems from the cryptocurrency analytics firm Cryptonary’s projection after observing the miner capitulation pattern.
On the 17th, Cryptonary posted a statement on X (formerly Twitter) stating: “After the miner capitulation phase ends, Bitcoin often launches a multi‑month to one‑year super‑uptrend.”
The analyst‑presented hash‑rate chart highlights the hallmarks of the capitulation period and points out that, across the three previous Bitcoin halving cycles, prices rose by 5,110%, 3,346%, and 591% respectively after the capitulation phase concluded. Based on the current Bitcoin price of roughly $64,700, an exponential decay model forecasts a potential peak of about $223,000 for the present cycle.
Renowned analyst and MN Capital founder Michael van de Poppe remarks that if Bitcoin breaks and firmly holds $65,000 or higher, the continued inflow of institutional capital could push the price toward the $100,000 region.
In addition, independent analyst Cryptocon notes that Bitcoin is edging toward a “second cycle” and provides a chart showing repeated tests of the 2021 historical‑high resistance zone, a pattern reminiscent of 2017. Should Bitcoin convert that former high into support and rally back to $69,000, it may enter a parabolic price‑discovery phase.
Trader operating under the pseudonym Nebraskangooner believes that the rapid rise of the Goon X indicator signals a “strong trend continuation and a new all‑time high” for Bitcoin.
Key Takeaways
- Each halving cycle has historically produced substantial gains after the miner capitulation phase ends.
- The current Bitcoin price sits around $64,700, with a projected peak near $223,000.
- A breakthrough above $65,000 could attract enough institutional funding to edge the price toward $100,000.
- Approaching the 2021 resistance level of $69,000 may trigger a fresh parabolic rally.
The above constitutes Cryptonary’s analysis of the possible multi‑month to one‑year surge that could follow the miner capitulation phase for Bitcoin. For more information on the ongoing market rebound and critical support levels, please refer to other articles published by Bitaigen (比特根).
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