Analyzing the Historical Patterns of Bitcoin

When we look at Bitcoin's historical price movements, we can observe that in each of its past three major bull cycles, the peak target was set using the Fibonacci ratio of 1.618. Remarkably, all three times, this target was at least met. The Fibonacci ratio is a widely used tool in financial markets to help predict price movement patterns.

For the current cycle, the target is set at $175,000. The big question is: can Bitcoin reach this goal within the next year?