Posted 1/1/2024, 3:30:17 PM
Bitcoin Price Could Hit $80,000 by 2024, $130K by 2025 Based on Historical Cycles
- Bitcoin could reach $80,000 by end of 2024 based on historical cycles, regardless of SEC approving a spot BTC ETF
- Bitcoin has history of surpassing previous cycle high price about 1 year before hitting new cycle high
- In late 2016, BTC passed 2013 cycle high of $1,000, then hit $20,000 in 2017
- In late 2020, BTC passed 2017 high, then hit nearly $70,000 in 2021
- Analyst forecasts BTC hitting between $130,000-$180,000 in 2025, though SEC approving spot BTC ETF could send price higher