Crypto analyst Aralez has revealed that Bitcoin is entering an accumulation zone that could propel it to a new all-time high (ATH). The analyst signaled that $BTC could rally to as high as $250,000 in the next bull market.
Analyst Reveals Bitcoin Entering Major Accumulation Zone
In an X post, Aralez stated that Bitcoin is near a major accumulation zone, with $BTC following a similar script to past bear market cycles. He noted that the leading crypto saw losses of 87%, 84%, and 77.5% from its cycle highs in 2013, 2017, and 2021, respectively. Now, Bitcoin is down around 42% from its October 2025 high of $126,000.
The analyst’s accompanying chart showed that Bitcoin could bottom around $40,000 in this bear market before it then rallies to a new all-time high in the next bull run. The bottom is expected to happen between now and the start of next year. Meanwhile, the chart also showed that $BTC could rally to as high as $250,000 by 2029.
Aralez’s analysis comes amid Bitcoin’s recent decline, with the leading crypto dropping below $71,000 and now at risk of dropping below the psychological $70,000 level. The latest decline came as Michael Saylor’s Strategy announced that they sold 32 $BTC. This was the first time that the largest Bitcoin treasury firm has sold $BTC since 2022, when it sold for a tax-loss harvesting transaction.
At the same time, a U.S.-Iran peace deal is looking unlikely anytime soon, which is also bearish for Bitcoin. Iran had suspended negotiations with the U.S. over ceasefire violations, which caused $BTC to drop below $71,000. The leading crypto also failed to record any notable bounce, even as U.S. President Donald Trump said that negotiations were still ongoing.
$BTC Breaks 4-Month Ascending Channel
In another X post, Aralez revealed that Bitcoin had just broken a 4-month ascending channel and that it had lost a key support after testing the $70,000 zone. The analyst then outlined what he expects next from $BTC’s price action, with an acceptance below $73,000 happening and then a liquidity sweep around $70,000.
The analyst further stated that a relief bounce could follow, with a retest near $74,000, then a move lower towards $65,000, $60,000, and finally $58,000. He also warned that a mini rally is likely over and that the broader trend still points toward new local lows. Aralez added that there may be short-term bounces, but expecting a fresh push above $83,000 could be costly.
At the time of writing, the Bitcoin price is trading at around $70,500, down over 3%, according to data from CoinMarketCap.
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