Bitcoin’s price is exhibiting a familiar pattern across major bull cycles, mirroring past trends from 2013, 2017, and 2021. If the current pattern continues for a fourth time, it could propel Bitcoin to a new all-time high of $250,000 or more, according to prominent analyst Bitcoin Teddy. This prediction is based on historical data showing that during past bull cycles, Bitcoin saw substantial price increases after significant accumulation phases and expansion in global liquidity. 2013’s surge from $10 to $1000, the 2017 surge doubling from $1,000 to $20,000, and the 2021 surge reaching $60,000 all followed a similar pattern of accumulating phases and explosive price rallies. 2023’s fourth bull cycle appears poised to follow suit, as Bitcoin continues to grow in adoption and market depth. Experts predict this could lead to further price increases, with analyst Vivek Sen anticipating a $180,000 price target based on rising global M2 money supply. This upward trend indicates that capital is shifting from traditional safe havens like gold into more riskier assets like Bitcoin, acting as a tailwind for the cryptocurrency’s growth. 2023’s current bull cycle is further supported by increased accumulation of Bitcoin by wealthy state-owned sovereign wealth funds, families, and corporations, as evidenced by recent claims by Eric Trump on Twitter and YouTube. 2023’s price action shows a similar pattern across major bull cycles in history: Bitcoin prices soared after a consistent build-up of liquidity. Global M2 money supply has been steadily growing upward, indicating that capital is being transferred from traditional assets to riskier ones, including Bitcoin. This trend suggests a potential shift from traditional stores of value like gold and other commodities towards decentralized assets like Bitcoin as the most viable store of value in a rapidly changing world.