When analyzing the weekly chart of Bitcoin, the NEMA200 indicator has always been regarded as a reliable tool for predicting the peaks of a bull run. Looking back at the past three bull runs, this indicator has accurately captured the market highs. However, if we strictly follow the guidance of this indicator, it seems we still need to wait about nine weeks to welcome a new peak of the bull run, around early December this year.

Based on the current trend, the price of Bitcoin may hit a new high of $140,000 to $150,000. This prediction undoubtedly brings great expectations to the market, while also reminding investors to remain cautious. Although some analysts are skeptical about such a long upward cycle, the historical accuracy of the NEMA200 indicator cannot be ignored.

It is worth noting that market trends are often full of variables, and one should not overly rely on a single indicator. Investors need to consider multiple factors when making decisions, including macroeconomic environment, changes in regulatory policies, and market sentiment. Whether bullish or bearish, maintaining rationality and risk awareness is crucial.

As the Bitcoin market continues to mature, we may see more new analytical tools and indicators emerging. In this rapidly evolving field, continuous learning and adapting to new market dynamics will be key to investment success. Let us look forward to the future development of the Bitcoin market while remaining vigilant and prepared to respond to various possibilities.