7 Bitcoin Buy Zones Preceding Major Rallies — Is Now One?
Bitcoin price has seen significant rallies following deep market downturns. This article reviews seven historical buy zones—from the $0.0009 early stage in 2009, dollar parity in 2011, post–Mt. Gox collapse (2014–15), after the 2018–19 ICO bust, the March 2020 COVID crash, the 2022 FTX collapse, to the pre–ETF approval period in January 2024—each delivering returns from +1,000% to over +1,000,000%. Now trading above $100,000, bitcoin price remains technically intact. According to Power Law Theory, bitcoin may still be midway through its current cycle, projecting up to a 10× gain over the next eight years. Traders should view dips in high-uncertainty periods as potential buy zones. The article equips readers with historical context, price ranges, and return metrics to inform trading decisions and underscores that “now” may represent another strategic entry point.
Bullish
The article’s emphasis on seven past buy zones—each followed by substantial rallies—and the argument that bitcoin price remains in an uptrend suggest renewed bullish sentiment. Historical events (Mt. Gox collapse, ICO bust, COVID crash, FTX collapse, ETF approvals) all preceded major bull markets, reinforcing traders’ confidence during dips. By framing the current ~$114K level as a potential strategic entry, it encourages accumulation. Short term, traders may witness volatility around key supports (~$100K), but long term the Power Law projection and ETF-driven liquidity signal further upside. This alignment of historical precedent, technical structure, and institutional inflows underpins a bullish outlook.