Bitcoin experienced a recent dip to $103,450, wiping out $1 billion in leveraged bets. However, it quickly rebounded to $104,400. Analyst Klarch highlights that Bitcoin's post-halving cycles suggest significant growth potential. Historical patterns show substantial gains post-halvings, with Bitcoin rising 280% after 2016's halving and 550% after 2020's.

Currently, Bitcoin is up only 70% since the last halving, suggesting room for further increase. Recent high trading volumes and on-chain addresses align with these predictions. Bitcoin’s record prices earlier this year are part of a cycle that tends to reach multiple peaks before culminating.

Klarch didn't specify when Bitcoin's peak would occur but emphasized institutional demand, like US Bitcoin spot ETFs, reducing supply across exchanges. This trend, supported by firms like VanEck, could push Bitcoin's price to $180,000.

The future's bullish outlook depends on continuous institutional inflows and retail interest. Nonetheless, any disruptions in ETF inflows or shifts in the global market might change Bitcoin's price trajectory significantly.