Bitcoin’s price action since its $126,000 peak suggests a corrective pause-not the end of the bull cycle. Analyst CryptoAmsterdam argues the market remains in an incomplete five-stage macro structure. Prior cycles (2013, 2017, 2021) each delivered a parabolic Stage 5 surge after mid-cycle corrections. This stage is absent today.
The current correction appears to be a mini-cycle within a still-active macro Stage 5. Similar patterns emerged in gold and Alphabet Inc., where price paused mid-trend before resuming strongly.
Bitcoin has historically lagged gold and large-cap equities by hundreds of days-acting not as cycle leader, but final participant. With gold and Alphabet already completing their parabolic moves, Bitcoin’s projected next leg targets new all-time highs above $200,000.
