Pseudonymous analyst Crypto Waterman forecasts a significant Bitcoin price surge, suggesting the cycle top is yet to come. The prediction is based on historical trends where gold and silver reach new highs before Bitcoin. Current indicators, such as the Coinbase app's low App Store ranking and altcoins being 60-80% below their peaks, support the notion of a delayed peak. Additionally, the fear and greed index and MVRV Z-Score remain below previous cycle highs. The analyst anticipates a wave of returning and new retail investors will drive Bitcoin to its peak between 2025 and 2026.