Bitcoin could be back at its K high next year (if it doesn’t shoot slightly beyond that). In 2025, the currency will likely reach a new price peak, and in 2026, the currency may drop again. The Repeating Price Patterns of Bitcoin This isn’t just random speculation. Rather, it’s a complete consideration of all the price routines bitcoin has endured over the past 11 years or so. When one looks at how bitcoin has behaved, it seems to fall onto the same path every four years. Look at 2012, 2013, and 2014, for example. During that first year, bitcoin was still new. It was trading for a few nickels or dollars. Nothing special to report. The following year, by the time we reached the final months (November and December), the world’s number one digital currency had
Topics:
Nick Marinoff considers the following as important: Bitcoin Opinion, bitcoin patterns, bitcoin price, OpEd, Opinion
This could be interesting, too:
Bhushan Akolkar writes 21,000 Bitcoin Options Set to Expire Today, Can BTC Price Hold ,000?
Steve Muchoki writes Bitcoin Price Briefly Falls Below K Following Hotter than Expected US CPI, Raising Concerns for Local Top
Bhushan Akolkar writes Three Weeks Left till Bitcoin Halving 2024, Big Boost for Bitcoin ETF
Chimamanda U. Martha writes Markus Thielen Forecasts Bitcoin (BTC) to Surge 12% in April
Bitcoin could be back at its $60K high next year (if it doesn’t shoot slightly beyond that). In 2025, the currency will likely reach a new price peak, and in 2026, the currency may drop again.
The Repeating Price Patterns of Bitcoin
This isn’t just random speculation. Rather, it’s a complete consideration of all the price routines bitcoin has endured over the past 11 years or so. When one looks at how bitcoin has behaved, it seems to fall onto the same path every four years.
Look at 2012, 2013, and 2014, for example. During that first year, bitcoin was still new. It was trading for a few nickels or dollars. Nothing special to report. The following year, by the time we reached the final months (November and December), the world’s number one digital currency had shot up to about $1,000 per unit. In 2014, the asset sunk into the $400 range, thus experiencing its first major drop.
Now, let’s shift our focus to 2015, 2016, 2017, and 2018. 2015 saw bitcoin struggling, though it eventually began to show more signs of life towards the ending months, rising from the high $100 range to about $300. The next year, during the time of a presidential election, the currency shot up to about $900 or $1,000 again briefly, thus again reaching its 2013 high. After that, BTC rose to almost $20K, thus recording a new price peak for itself before sinking into oblivion and losing about 70 percent of its value in 2018 (the currency fell into the mid-$3,000 range).
Let’s then look at the next four years: 2019, 2020, 2021, and 2022. 2019 was very similar to 2015 in that bitcoin showed small signs of life here and there. It rose a bit towards the end of the year, but nothing that significant occurred. 2020 – the year of another election – arrived, and bitcoin surpassed its previous $20K high. 2021 brought the currency to a new pinnacle, and 2022 removed all the positive price action from the books and is considered the worst year on record for BTC and crypto (the space wound up losing more than $2 trillion in overall valuation).
Healing Now, Then Everything Else Will Follow Over Three Years
We are now in 2023, and thus far, it’s looking a lot like 2015 and 2019. There’s a little bit of healing in the mix, but nothing big is happening (yet). We are once again entering into the patterns we saw during the previous four-year roundabouts.
This new cycle encompasses 2023, 2024, 2025, and 2026. With light healing happening now, one can assume that next year (another election year) will bring bitcoin back to the $60K range, its previous high (like we saw in 2016 and 2020). If things continue in the same direction, we’ll see BTC reach a new high in 2025 (as we witnessed in 2017 and 2021), and bitcoin may be in for another major drop in 2026 (like in 2018 and 2022).