[Possible range of Bitcoin’s highest point in the 24-25 bull market] Someone just asked what the possible highest point of Bitcoin in the next bull market will be. Let me share my opinion.
In the 20-21 bull market cycle, Bitcoin followed a 3-day rebound cycle after the halving, which lasted for 12 months, with room for growth of 50,000 points. The last round of Bitcoin halving took place on May 12, 2020, and the actual price was about 10,000, so the top reached before May 2021 was around 60,000, and it only hit 69,000 after the second top in the second half of the year.
If the weekly line goes for 12 months, the upside potential is 70,000+ points, and the price of Bitcoin during the bull market halving is, for example, 48,000, then the highest point of the next bull market will be around 12w (48,000+70,000). If the monthly line goes In 12 months, the upside potential is 10,000+ points, so the highest point is 15,000+ (48,000+10,000+). Based on comprehensive judgment, the possible range of the highest point of Bitcoin in the next bull market is: 128000-149000💲, and the predicted lowest range is: around 98000💲.
ps: As for why I estimate that the Bitcoin price may reach around 48,000 when the halving occurs at the end of April next year, please see the top post on my Twitter for details.