Analyst Warns of Critical Bitcoin Level That Could Determine the Continuation of the Bull Run
Bitcoin Holds Above US$60,000 as Analyst Says Reclaiming US$69,000 Could Signal a New Bull Market
Amid the ongoing US-Iran conflict and renewed tensions following the closure of the Strait of Hormuz, Bitcoin has started to regain bullish momentum. Despite continued market uncertainty, Bitcoin has managed to hold support above US$60,000 while repeatedly testing the US$65,000 resistance level.
Crypto analyst Ali Martinez believes the current market is showing similarities to previous Bitcoin cycles. According to him, Bitcoin has historically spent very little time trading below the previous cycle’s all-time high (ATH) during bear markets.
Martinez noted that the previous cycle’s ATH has often served as a key accumulation zone for long-term investors.
He pointed to the 2015 cycle, when Bitcoin briefly fell below its 2013 peak of around US$259 before rallying more than 7,500% during the following bull market.
A similar pattern emerged in 2022. After reaching a new ATH in 2021, Bitcoin dropped below the previous cycle’s high of roughly US$19,660 by the end of 2022. It later rebounded by more than 550%, eventually climbing to a record high of US$126,198 in October 2025.
Currently, Bitcoin remains below its 2021 all-time high of US$69,000, a level Martinez considers critical.
According to the analyst, if Bitcoin can reclaim US$69,000 and establish it as a strong support level, it could signal the end of the bear market and the beginning of a new long-term bullish trend.
However, Martinez cautioned that while historical patterns do not guarantee future performance, previous market cycles suggest that reclaiming the prior cycle’s ATH has often marked the start of a sustainable bull market.
