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If the Bitcoin Cycle Continues, it Can Reach 1 Million Dollars: And This Year End! - Coin Bulletin
Historical cycle analysis and current data indicate that Bitcoin could reach a peak of $1.7 million in 2025.
In November 2022, with the collapse of FTX, the price of Bitcoin (BTC) dropped to levels of $15,500, triggering fear among investors.
However, this decline remained just a memory for Bitcoin, which has traded above $100,000 today. With the inauguration of Donald Trump as the 47th President of the United States, the expectation of a crypto-friendly administration created a positive atmosphere in the sector. However, Trump has not yet made an official statement regarding crypto policies.
According to Glassnode data, the price of Bitcoin has increased by approximately 550% since the FTX crash. This increase is at a level quite similar to the increase at the same point between the 2015 and 2018 cycle. However, in the 2018-2022 cycle, this rate reached 1,300% levels and doubled the increase recorded in the current cycle.
According to CoinDesk analyst Van Straten, if Bitcoin continues to move in a similar way to the 2015-2018 cycle, it is expected to reach the levels of $186,000 with a 1,100% increase in price by the end of the first quarter of 2025. The peak of the cycle is expected to occur in October this year, with the price predicted to reach approximately $1.7 million with an increase of %11,000.
In a post shared by the Bitcoin Archive on the X platform, it was reminded that Bitcoin appreciated 20 times during Donald Trump's first presidency. It was also reported that even a 10% increase during the same period could carry the price of bitcoin to $1 million.