Looking back at December 2013, Bitcoin hit an ATH of around 1200 bucks, then it dropped and stuck around 200 to 300 for about 22 months. So, if we’re thinking that’ll repeat, we could see a price of 11,000 to 17,000 now, and then maybe wait until 2027 for another ATH. Kind of a bummer, but it’s what some people think.
What about 2017 and 2021, though? There’s more than just the 2013 ATH! Halving in 2024 might spur some FOMO, and I think we’ll see another ATH before 2027.
+1 to that. I don’t see it falling that low either. There’s just too many investors now plus countries are legalizing Bitcoin, so I doubt it’ll drop below 35-40k.
But think about it, every time Bitcoin peaks, we get bombarded with bad news and FUD. The corrections happen, but it always seems to bounce back. I think another peak could come this year.
Following that pattern you’re talking about, it’s impossible to predict Bitcoin’s bottom. Halving events have historically led to new ATHs, so I’d say we might see a peak in 2025.
I feel like if no government bans Bitcoin, its price will go up, but there’s still a lot of risk involved. Bad news can impact the market a lot, so we really can’t just follow past trends.
Agreed. The Fed's actions will have a huge impact. If they taper or raise rates aggressively, that’d hit the market hard. Markets are already kinda pricing this in.
Stop trying to use past data so rigidly. The S2F model has failed, so why expect the same cycles? The market changes, and past performance doesn’t guarantee future results.
What? No established pattern? You’re basing this just on 2013 and pulling 2027 out of nowhere! The next halving in 2024 will push the price in 2025, that’s what to watch.
Honestly, you're just speculating based on old prices. Current market behavior is driven by government action and societal factors. It’s really not all about historical patterns.
This cycle feels different, doesn’t it? Every time we try to anchor predictions to the past, something unexpected happens who knows what 2025 might bring?
If we’re following cycles, then the last ATH in 2021 means we should be gearing up for another in 2025 or so. So we have time to stack more before then.
But we still have several years till 2027. The whole FUD just pushes people down. Halving plus a strong belief in Bitcoin can lead to serious price growth.
My gut feeling says things will change, but I can’t nail it down with data. Been in this crypto game for a while, and the up and downs are just part of the ride.