Bitcoin is on track to close its third consecutive bullish year, according to a market analysis by Cryptoquant analyst Carmelo Alemán. The analysis highlights the Bitcoin Annual Percent Trend, which shows a pattern of three years of growth followed by one year of consolidation, aligning with Bitcoin's four-year halving cycle. If Bitcoin maintains its typical growth pace, it could rise by approximately 120% in 2025, potentially reaching a price of $205,097. This projection is supported by other cyclical indicators, such as the Realized Cap, which has reached new all-time highs in 2025. The analysis suggests that understanding these long-term trends can help investors navigate short-term market fluctuations and align their strategies with Bitcoin's multi-year growth structure.