🚀 Bitcoin’s Bullish Phase: The Final Push Before the Fall?
Bitcoin is currently in the parabolic uptrend phase of its halving cycle, with price action closely following historical patterns. Since the last halving on April 15, 2024, Bitcoin has mined approximately 42,480 blocks, pushing the market closer to the 70,000-block threshold where the trend historically reverses into a deep bear market.
Based on historical patterns, Bitcoin’s next major bull market peak is expected around 150,000 USD, approximately 70,000 blocks post-halving (projected for August 2025). However, investors must prepare for what follows—a severe bear market fuelled by miner capitulation.
🔥The 70,000-Block Bearish Reversal: Why It Happens Every Cycle
1. The Mining Difficulty Trap & Rising Costs
Bitcoin’s mining difficulty adjusts every 2,016 blocks (~2 weeks) to maintain the 10-minute block interval.
As BTC price surges in the bull market, more miners join the network, driving competition and difficulty higher.
This raises mining costs and squeezes profit margins, making it harder for smaller miners to stay afloat.
✅ Bull Market (~0-70,000 Blocks Post-Halving) High BTC prices offset increased difficulty, allowing miners to hold rather than sell. Low sell pressure from miners keeps Bitcoin in an uptrend.
❌ Bear Market (~70,000 Blocks Post-Halving) After BTC peaks, prices decline but difficulty remains high. Mining costs remain constant, while block rewards drop. Weaker miners can’t afford to mine at a loss and are forced to sell their BTC holdings to cover operational expenses.
2. The Snowball Effect: How Miner Capitulation Triggers a Crash
Once inefficient miners begin selling, a chain reaction unfolds:
1️⃣ Bitcoin price starts declining after the cycle peak (~12-18 months post-halving). 2️⃣ Miners struggle to remain profitable due to high difficulty and lower block rewards. 3️⃣ Miners begin offloading BTC to cover expenses, increasing supply in the market. 4️⃣ More BTC supply leads to further price drops, triggering panic selling. 5️⃣ Additional miners shut down operations, selling off reserves, further flooding the market. 6️⃣ Capitulation accelerates, causing a cascading effect similar to leveraged liquidations seen in past bear markets.
🔄 This cycle repeats until enough miners exit, difficulty adjusts downward, and BTC stabilizes.
3. Historical Proof: How Miner Capitulation Has Marked Every Bear Market
Each Bitcoin bear market aligns with major miner capitulation events. Here’s how past cycles have played out:
📌 2012 Halving: Bull top in late 2013, miner capitulation in 2014, BTC fell -80%. 📌 2016 Halving: Bull top in late 2017, miner capitulation in 2018, BTC fell -84%. 📌 2020 Halving: Bull top in late 2021, miner capitulation in 2022, BTC fell -78%. 📌 2024 Halving: Expected bull top in late 2025, miner capitulation likely in 2026?, BTC decline TBD but estimated to be around -60%.
🔹 In all cases, BTC topped ~70,000 blocks after the halving, followed by a deep drawdown driven by miner capitulation. 🔹 The selling pressure from miners perfectly aligns with the start of major market crashes.
4. The Accumulation Phase: What Follows the Crash?
After miners capitulate and difficulty adjusts downward, Bitcoin enters a sideways accumulation phase (~140,000-210,000 blocks post-halving).
Weaker miners have already exited, reducing sell pressure.
Surviving miners adjust to lower rewards and stop mass selling BTC.
Smart money (whales & institutions) begin accumulating at undervalued prices.
The MVRV ratio drops below 1, signalling a market bottom.
Bitcoin stabilizes, setting the stage for the next bull cycle.
This predictable recovery cycle lays the groundwork for Bitcoin’s next exponential rally into the next halving period.
The Bitcoin Bear Market Prediction for 2025-2026
✅ Bitcoin is currently on track to peak near ~$150,000 around 70,000 blocks post-halving (August 2025). ✅ Following this, BTC is expected to enter its bear market, with prices potentially falling to ~$60,000 (by December 2026). ✅ The primary catalyst for this crash will be miner capitulation, just as it has been in every prior cycle.
Final Thoughts If history repeats, the Bitcoin market is set to follow a sharp parabolic rise to ~$150,000 before undergoing a 70,000-block miner-driven selloff into a multi-month bear market. Investors should be aware of this pattern and plan accordingly.
Sources & Data Validation
The insights presented in this article are based on historical Bitcoin price cycles, on-chain analytics, and mining difficulty trends from various sources, including:
Blockchain Data (Glassnode, CoinMetrics)
Historical BTC Halving Data (Bitcoin Whitepaper, Blockchain Explorers)
Macroeconomic Influences (Federal Reserve Reports, Global Liquidity Cycles)
Disclaimer: Not an Investment Recommendation
This article is for informational purposes only and should not be considered financial or investment advice. Bitcoin and cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Conduct your own research and consult with a financial professional before making any investment decisions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.