Bitcoin is turning bullish on a weekly basis for the first time after a deep red bear market phase. This is a huge signal and usually indicates the beginning of the next cycle.
I have marked the deep red phase in purple and the first weekly signal with an arrow on the chart.
This is the first phase of the cycle, so I would not expect any crazy end-of-cycle moves. But for now, dips should be a gift from heaven. In the past we have seen 30-50% corrections within the cycle. So we need to be prepared for that as BTC approaches and breaks its ath.
We will have to figure out the target during the next year but I think it will be 6 digits.