With the US-Iran conflict continuing and the Strait of Hormuz being closed again, and tensions escalating, Bitcoin has turned its gaze upwards once more. However, despite the rising tensions, Bitcoin is maintaining its support level of $60,000 while continuing to challenge the $65,000 level.
While price uncertainty continues for the coming days, a popular analyst, citing historical data, notes that it is quite rare for Bitcoin to fall below its previous all-time high (ATH) during bear markets.
The analyst also adds that, when past cycles are examined, the previous all-time high (ATH) presented a significant accumulation opportunity for long-term investors.
At this point, analyst Ali Martinez, in a post from account X, says that Bitcoin is showing the same pattern that led to massive gains of 550% and 7,500% in previous market cycles.
Analyzing the 2015 cycle first, the analyst noted that Bitcoin had fallen below its peak of approximately $259 reached in late 2013, but then experienced a remarkable return in the subsequent bull market, gaining over 7,500% in value.
The analyst noted that a similar scenario occurred in 2022, stating that after the 2021 bull market, BTC fell below the previous cycle’s peak of around $19,660 by the end of 2022.
Subsequently, BTC experienced a massive bull rally, increasing by over 550% to reach its peak of $126,198 in October 2025.
In this context, Bitcoin is trading below its 2021 all-time high of $69,000. While $69,000 stands out as a critical threshold for Bitcoin, according to the analyst, historical data, although not guaranteeing future price movements, points to an important milestone for BTC.
However, Ali Martinez believes that a recapture of the previous all-time high of $69,000 and its preservation as a strong support zone could signal Bitcoin’s exit from the bear market and entry into a new long-term uptrend.
“…History doesn’t guarantee the same outcome, but previous cycles show that reclaiming the previous cycle’s all-time high often signals a transition from a bear market to a sustainable bull trend.”
If BTC can successfully reclaim $69,000 and hold that level as support, that would be another strong piece of evidence suggesting the next major uptrend may have already begun.”
*This is not investment advice.
