The Bitcoin price has once again entered the spotlight after a market analyst argued that a major cyclical signal has already appeared, potentially setting the stage for a move toward $320,000. According to a post by @CryptoTice on X, the recent market structure suggests that Bitcoin has already completed its latest cycle bottom, positioning it for another move toward the upper boundary of a long-term price channel.
Bitcoin Price Channel Points Toward $320,000
The analyst’s view is based on a long-term upward channel that has guided Bitcoin’s price movement for years. In this pattern, major market bottoms tend to form near the lower boundary, while strong rallies eventually push the price toward the upper boundary before the cycle turns downward again. The structure suggests a repeating cycle where each decline creates a new base before the next major rise begins.
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Past market cycles follow this same pattern. Bitcoin formed a major low near $2 in 2011, followed by another bottom around $170 in 2015. The next cycle low appeared near $3,800 during the 2020 market crash.
The trend continued in later years, with Bitcoin dropping to around $15,000 in 2023 before starting another recovery. According to the analyst, the latest cycle bottom may have formed near $60,000 in 2026, once again aligning with the lower boundary of the long-term channel.
In earlier cycles, rebounds from this lower level eventually pushed Bitcoin toward the top of the channel. If the same structure holds, the current path places the upper boundary near $320,000, which is where the analyst believes the next major peak could occur.
ATH Retest Pattern Reappears As Bitcoin Holds Key Structure
In a more recent post, the same analyst pointed to another historical pattern that strengthens Bitcoin’s bullish outlook. He compares Bitcoin’s 2017–2020 cycle with the current 2021–2026 structure, highlighting what he describes as a nearly identical sequence unfolding after Bitcoin broke above its previous all-time high (ATH).
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According to the chart he posted, Bitcoin’s previous cycle saw the market break above the 2017 ATH before retesting that breakout zone as support. After holding that level, the market resumed its upward trend and rallied from roughly $17,000 to nearly $69,000. The analyst argues that a similar structure has appeared again.
The latest setup shows Bitcoin revisiting its former ATH region in what is an “ATH retest.” Rather than breaking below the level, price action appears to be stabilizing around the former resistance zone, which the analyst interprets as confirmation that the broader bullish structure remains intact.
He compares both cycles side by side, emphasizing the similarity between the earlier retest rally and the current formation. He further describes the development as “the launchpad” and believes that, if the historical relationship continues to play out similarly, the current structure could support another major upward move in Bitcoin’s price.
Featured image created with Dall.E, chart from Tradingview.com
