Bitcoin Analyst Predicts $200K Bull Run – Will It Repeat Past Cycles?

Crypto analyst Ash Crypto predicts a second bull run for Bitcoin, potentially pushing the price to $200k. While this bullish outlook is accompanied by growing institutional interest, a closer look reveals warning signs reminiscent of the 2021 cycle. On-chain indicators suggest a repeating pattern with declining volume and open interest, mirroring past market trends. This new surge, however, carries added risks from new tools like spot Bitcoin ETFs, DeFi protocols, and memecoin volatility.