Past cycles may indicate the possible direction of BTC prices after exceeding the previous all-time high. Bitcoin prices peaked at around $1,130 in 2013 and at $20,000 in 2017. In both cases, after breaking through these levels, BTC prices doubled within a few months. 📈🚀

If history repeats itself, after surpassing the 2021 high of $69,000 in March, prices could double to $140,000 in the coming months. Analysts also note that after a new price peak is established, a correction usually occurs for several weeks.

Bitcoin prices are now trading very close to the all-time high of November 2021, which forms a base of support. If it falls, it could drop to the support level at $67,000, but if it rises, it will meet resistance at $71,000.