Cryptoquant: Bitcoin may complete a full bullish cycle, closing with the third consecutive bullish year.

BlockBeats News, on June 18, Cryptoquant analyst Carmelo Alemán released a market analysis saying that on-chain analysis uses indicators such as MVRV, UTXO value bands, and trading platform reserves to interpret blockchain data from the micro and macro levels, and these tools help us understand on-chain dynamics and guide informed decisions. However, this method of constantly looking for micro signals to infer macro trends, while often useful, can sometimes obscure the cyclical forces that really drive Bitcoin's long-term price action. The "Bitcoin Yearly Percentage Trend" corrects this problem by showing Bitcoin's annual performance since 2011, revealing a regular cycle: three years of growth followed by a year of consolidation, coinciding with Bitcoin's quadrennial halving rhythm. The importance of this growth cycle lies in the fact that, according to this indicator, Bitcoin could grow by about 120% in 2025 if it maintains the typical pace for the third year of the cycle. Starting at $93,226 has prompted the price to reach $205,097, which could be the top of the cycle this year. If this logic holds, 2025 is likely to close with a third consecutive bullish year, completing another positive cycle. This marks us at the end of the current cycle and is strategically important for investors looking to align with Bitcoin's multi-year structure. This behavior is also supported by other cyclical metrics such as Realized Cap, which continues to hit all-time highs in 2025. Using the long-term perspective of the "Bitcoin Yearly Percentage Trend" to help investors stay calm during short-term volatility.