Bitcoin Enters New Bullish Cycle After Recent Recovery

Bitcoin's price history has been characterized by significant fluctuations over the years. In 2025, the cryptocurrency peaked at $108,000 in December, marking the end of its bull market according to technical analysis.

A double-top pattern appeared in January 2025 with a price of $109,000, confirming resistance and leading to a strong correction. The ensuing recovery has been notable, with the price moving decisively above a key low in April 2025.

The length and size of this recovery disqualify it as a relief rally, suggesting that a new bullish cycle may be underway. If the current week closes above $74,500, this would confirm the completion of the recovery and mark a significant turning point for Bitcoin's price.