In Brief

• Long-term technical analysis suggests a peak of Bitcoin price in the $155,000 – $175,000 range.
• Although subsequent cycles are weakening, Bitcoin still has a chance to surge 10x from the macro bottom at $15,495.
• The peak of the current BTC cycle should be reached between April and August 2025.

This week Bitcoin touched its all-time high (ATH) of $69,000 from November 2021. After 847 days, the largest cryptocurrency has returned to the top of the previous cycle and may soon enter the price discovery territory again.

This historic event is perfect for comparing data from previous Bitcoin cycles. Long-term technical analysis of previous cycles allows us to estimate the peak of the BTC price for the current cycle and when it should be reached.

Perhaps the upcoming halving of Bitcoin is still the basis for determining the 4-year cycles of the cryptocurrency market. If so, a new bull market could take the BTC price to the $155,000 – $175,000 range, which should be reached somewhere between April and August 2025.

The Lows and Peaks of Bitcoin Historical Cycles

The first and most obvious set of data that can be obtained from historical cycles is information on the lows and peaks of the BTC price. One can estimate the likely peak of that cycle by measuring the decreasing proportion between the price range of successive cycles.

The initial uptrend, which began with BTC valued at $0.01, ended with a peak at $31.90 in June 2011. Bitcoin then plunged to a first-cycle low of $2.01 in November 2011.

This event started the bull market following the first halving (November 2012). Bitcoin price increased to the historic ATH at $1,177 in November 2013. Thus, the bull market led to an increase of 586x. This was followed by the 2014 bear market, which took the BTC price to a macro bottom at $164 in January 2015. From then until December 2017, Bitcoin again experienced a long-term uptrend.

In the meantime, there was a second BTC halving, which took place in July 2016. The peak of the BTC price was at $19,764. In the second cycle, the price of BTC increased 121x.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

Another 2018 bear market led Bitcoin to a bottom at $3,148 in December 2018. Increases followed this slowed only by the COVID-19 crash of March 2020.

However, after the third halving (May 2020), the BTC price rose parabolic. It ended with a double peak formation and the current ATH at $69,000 in November 2021. During the third cycle, Bitcoin climbed 22x.

BTC Price Prediction Based on Cyclical Multiplier

The last known and closed macro period of BTC price history is the 2022 bear market. The largest cryptocurrency generated a macro bottom at $15,495 in November 2022. Since then, the price has been rising, and this week, it recorded ATH again.

How high will Bitcoin grow relative to its macro bottom? According to historical data, we have the following descending sequence of multipliers of successive cycles:

• cycle 1: 586x
• cycle 2: 121x
• cycle 3: 22x
• prediction for the current cycle: 10x

Thus, if the Bitcoin price were to increase by “only” 10x during this cycle, the peak would occur around $155,000. At the same time, it would be about 2.2x from the current all-time high of $69,000.

It turns out that if Bitcoin’s new peak were reached by only 2.2x above the current ATH, it would not be something unexpected. Looking at data from historical cycles, the price of BTC has been rising lower and lower above its previous ATH:

• cycle 1: 37x
• cycle 2: 16x
• cycle 3: 3.5x
• prediction for the current cycle: 2.2x

Therefore, the conservative target of $155,000 agrees with the historical multipliers of the BTC price, counting from macro lows to peaks and the increase above the previous ATH.