Bitcoin Ramps Up: Forecasting Big Gains During the Cycle's Acceleration Phase

Bitcoin’s Bumpy Road to the Top

Good morning, crypto enthusiasts! The elusive digital gold has once again decided to climb a steep hill, and it’s doing so with a swagger that would make even the most seasoned trader grin.

What’s Short‑Term Actually Doing?

Since the first week of December, Bitcoin has already dived deeper than ever, jumping over 10% in just a few days. If you started the year fresh, it’s already over 150% up—yep, that’s more than it crushed in two nights back in 2013, four nights in 2017, or trickled up in 2020.

Enter the “Acceleration Phase” (Cory Mitchell Says)

According to Trading.biz’s own crystal ball (well, not really a crystal ball—just an analyst named Cory Mitchell), Bitcoin is now riding the perfect storm: “the acceleration phase of its cycle.” In that sweet spot, the market can sensibly whirl into big moves faster than you can hear “to the Moon!”

Why This Matters

Think of 2013, 2017, and 2020—when the price surged more than 400% in under a year.
According to Mitchell, the current look of the chart is reminiscent of bottom‑bouncing patterns from 2020 and 2015.
Those patterns carried Bitcoin up nearly 400% into early 2021 and a mind‑blowing 3,800% into 2017.

Still a Long Way to Go

Mitchell reminds us that Bitcoin’s current gains of roughly 30% above its 2023 range might still feel like a sprint. You’d have to keep going to match the dizzying heights of 2020/2021.

The Bottom Line (Nonsense to the Goose)

While no one can guarantee the past will repeat itself, history has taught us that hefty bottom‑bounces often lead to record‑breaking skyrocketing. So buckle up—this roller‑coaster might still be riding.

Do stay cautious, stick to your own research, and hey, enjoy the ride!

Bitcoin’s Roller‑Coaster Ride

When the Price Took a 78% Dive

Late 2021 to late 2022, Bitcoin slid almost 80% away from its $69,000 summit. Six such steep slides (70%+ drops) have popped up over the past decade. What happens next? It’s far more thrilling than the slump—it’s the climb back.

How Fast It Can Come Back

2022 low: up 168% so far.
2020 low: up 1,585% (topped at the April 2021 peak after a 56% dip).
2018 low: up 355%.
2015 low: up 12,804%.
2014 low: up 102%.
2013 low: up 2,484%.

These numbers show the bounce from a valley to the next high before a fresh 70% fall. The current 168% climb already outsizes the 2014 rally. The next closest surge was 355% from the 2018 bottom. A climb of that magnitude from today’s low could bring Bitcoin back to its all‑time $69k peak—possibly by early to mid‑2024.

Pullbacks—The Normal Coin‑Flip

Even when fortunes look soaring, Bitcoin loves to give us a short reality check.

After double‑digit and triple‑digit gains, the price often pulls back 20–30%, sometimes up to 50%.
Our ongoing 168% rally has already hiccuped three times over 20% before resuming the ascent.
More dips are likely as we eye those high‑flight levels.

Bottom line: Expect big swings both ways. Keep your position sizing tight and your exit plans sharp so the waves don’t capsise your portfolio.

Tax Tips—Keep More of Your Cash

While the market drama is captivating, don’t forget the tax angle. Pulling gains out at the right moments—or harvesting losses—can leave you with more in your pocket. Work with a tax pro to avoid leaving extra cash on the table.