Recently, the Bitcoin market has attracted widespread follow. By deeply analyzing the weekly chart of Bitcoin, we can gain insights into some potential market turning points.

First, let's follow an important indicator: the 50-week moving average. This line is viewed by many analysts as a watershed for long-term trends. Historical data shows that when the Bitcoin price breaks above this line, it often signals the start of a bull market; conversely, if the price falls below and remains below this line, it may indicate the onset of a bear market. Currently, this key price level is around $92869.

Secondly, we observed a certain correlation between Bitcoin halving events and market cycles. The times from halving to peak in the past three cycles were 364 days, 518 days, and 546 days respectively. This pattern seems to indicate that the peak of each cycle comes later than the previous cycle, and increasingly closer to 1.5 years after the halving.

According to this pattern, if we take the next halving in April 2024 as the starting point, October 2025 could become the peak of this cycle. There are about 70 days left from now until then. If the historical pattern repeats, we may see the Bitcoin price rise again by around 40%, with a target price possibly between $145,000 and $165,000.

However, the market is always filled with uncertainty. If the weekly price of Bitcoin falls below $92,869, it could interrupt the current upward trend. Therefore, investors need to closely follow market movements and weigh risks against rewards.

Finally, it is important to emphasize that the cryptocurrency market is highly volatile, and investors should act with caution, manage risks effectively, and not invest more than they can afford to lose. At the same time, continuous learning and following market trends is crucial to maintaining competitiveness in this fast-changing field.