It has been exactly 1 year since Bitcoin hit an All Time High, when will we see it breaking new ATH??
Around a year ago Bitcoin hit the iconic All Time High of $69,000! And since then alot has happened..
Many projects did not survive during the bear market, which had a small effect on Bitcoin price, and the upcoming weeks we might even see more.
During the last 4 cycles of bitcoin, we had on average, 1 bull run every 4 years, with each bull run starting around 6 months after bitcoin’s halving.
If history repeats itself, the next bull run should happen in 2024 right after bitcoin’s halving, but before that we are likely to see a huge dump on bitcoin’s price which indicates the final accumulations by whales before the big event ( a new all time high!! ).
In my opinion, a new all time high will happen in around february or march of 2025, we will be definitely breaking the $100,000 per bitcoin barrier!! And a peak of around $250,000!
It’s gonna be really interesting to see what will happen with the crypto market in the next few years.
*Image source:
https://www.binance.com/en/blog/all/bitcoin-btc-breaks-alltime-high-on-binance-421499824684901297