Source: Cointelegraph
Original: “Bitcoin Surprises with 'Ten Thousand Dollar Steps' Phenomenon! Is $160,000 the Next Stop or a Mirage?”
On May 20, 2025, after briefly staying at a high of $107,000, the price of Bitcoin retreated, leaving an elegant "stair-step" line on the daily chart. This is not a coincidence—while the market debates whether the "bull market has peaked," a mysterious upward pattern is quietly dominating the market: every 7 to 10 days, Bitcoin jumps by $10,000, followed by a period of consolidation, akin to climbers precisely stepping on the protrusions of a rock face, advancing step by step. Analyst Trader Tardigrade's findings unveil the rulebook of this capital game: from $75,000 to $85,000, from $95,000 to $105,000, each integer level serves as both a psychological barrier and a technical springboard. If the pattern continues, $115,000 may become the next step, while even more outrageous predictions are targeting $160,000. Behind this "slow bull" market, is it the precise manipulation of institutional capital, or the inevitable interpretation of cyclical patterns?
Stair-Step Pattern: The Mathematical Beauty of Capital Games
The market has never been so rational. Bitcoin's "ten thousand dollar step" rise is essentially a precise scale experiment of supply and demand relationships. After each 10% increase, a ten-day consolidation period becomes a sandbox for the tug-of-war between bulls and bears: behind a 40% surge in trading volume lies a tug-of-war between profit-taking and institutional accumulation. Tardigrade points out that this "advance three, retreat one" rhythm resembles the slow rise and rapid fall of blue-chip stocks in traditional financial markets, indicating that Bitcoin is shedding its speculative attributes and shifting towards a deeper logic of value storage. The significance of the $100,000 level is not only symbolic but also because on-chain data shows that this level has accumulated the largest scale of institutional buy orders since the ETF approval in 2024.
Golden Ratio Prophecy: The Mathematical Destiny of $160,000?
When technical analysts present the "Golden Ratio Multiplier" model, the déjà vu of historical cycles hits hard. This model accurately predicted the cycle peak in April 2021, and now its fifth-level target points directly to $160,000. Chart master CryptoCon compares the current phase to April 2017—when Bitcoin soared from $1,200 to $20,000 in six months. If history repeats, the market in the second half of 2025 may replicate this exponential explosion. But danger signals are also flashing: the model indicates that we are currently at the "top of the mid-cycle," which means that $160,000 could be the right shoulder of a double top structure, rather than the endpoint.
Institutionalization Process: The Capital Underflow Behind 8% Growth Rate
Willy Woo's Compound Annual Growth Rate (CAGR) model injects cold reflection into this carnival. Data shows that Bitcoin's annual growth rate has plummeted from over 100% in 2017 to the current 30%-40%, and will gradually converge to 8% over the next 15-20 years. This is not a signal of decline, but an inevitability following the influx of capital: as MicroStrategy holds 1% of the circulating supply and sovereign funds begin to allocate, Bitcoin's volatility is destined to be smoothed by trillions in capital. Woo's prophecy reveals a harsh truth— the more successful Bitcoin becomes, the more its volatility approaches that of the S&P 500 index, and the "frenzied mode" familiar to early investors is becoming a historical swan song.
Finding Gaps of Uncertainty in Certainty
The Bitcoin market has never been so contradictory: technical models outline a clear path, and the institutionalization process provides fundamental support, but black swans always circle—changes in Federal Reserve monetary policy, escalating geopolitical conflicts, and breakthroughs in quantum computing could all rewrite the script. For investors, the stair-step rise is both an opportunity guide (each $10,000 step provides a window for accumulation) and a risk warning (the consolidation period may evolve into a deep correction). When $160,000 becomes a hot topic on social media, perhaps it is more important to focus on: "Enjoy the moment, as this window of excess returns will not remain open forever." After all, in financial markets, the only unchanging rule is that all rules will eventually be broken.
Related: Strategy company invests $765 million to purchase 7,390 Bitcoins (BTC), immediately facing a collective lawsuit.
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