Satoshimeter Signals Bitcoin Price Mid-Cycle with Potential $200,000 Peak
The Bitcoin price surge above $120,000 has prompted fresh analysis of its position in the current market cycle. On-chain metrics from the Satoshimeter indicator, developed by analyst Stockmoney Lizard, show Bitcoin still in a mid-cycle phase rather than the euphoric peak. Historically, readings near 1.6 marked major bear-market lows in 2011, 2015, 2019 and 2022. Current Satoshimeter values remain well below past tops, indicating a stable bullish structure and room for further upside.
Trading at around $113,700, Bitcoin price faces an estimated 75% rally if it follows past cycle patterns. Stockmoney Lizard projects a stair-step run toward $200,000 before a significant correction. This forecast is based on previous phases of accumulation, breakout and parabolic growth identified by the indicator. Traders can use the Satoshimeter’s on-chain insights to time entries and exits in this extended bullish cycle.
Bullish
The Satoshimeter reading well below past cycle peaks signals that Bitcoin is not yet overheated. Historically, mid-cycle stages precede major rallies. With Bitcoin price currently trading around $113,700 and on-chain metrics showing room to run, traders can expect a bullish extension toward the $200,000 level. Similar indicators in 2015 and 2019 correctly identified late-stage accumulation before parabolic moves. In the short term, positive momentum may drive continued gains. Over the long term, a sustained uptrend supported by stable on-chain signals suggests robust market health and further upside potential before the next major correction.