Bitcoin is holding above crucial long-term support levels between $30,000 and $40,000, suggesting potential for further gains. Analyst Javon Marks highlights that Bitcoin's bull cycles typically conclude only after surpassing the Power Law median, indicating the current rally may still have momentum. Despite a 6.34% decline in the latest session, Bitcoin is trading at $63,482.73. Historical patterns, including halving cycles and strong institutional interest, have previously driven significant price increases, with the 2020-2021 cycle seeing a rise from $4,000 to $69,000. Current market dynamics show Bitcoin maintaining its support and resistance levels, with volume trends supporting market confidence.