#Bitcoin Breaks $100,000#
Hot Topic Overview
Overview
News of Bitcoin breaking $100,000 has sparked market debate, with analyst Van Straten using historical cycle analysis to suggest that Bitcoin may continue to follow the 2017 cycle, potentially reaching $186,000 by the end of the first quarter of this year and exceeding $1 million by October. The analysis is based on Bitcoin's halving schedule, suggesting that the current cycle is highly consistent with the 2015-2018 cycle. Bitcoin has already risen 550% since its cycle low, and is expected to reach 1100% by the end of the first quarter. Although the analyst's predictions are based on historical data, the market is highly volatile, and actual performance remains to be seen.
Ace Hot Topic Analysis
Analysis
News of Bitcoin breaking through $100,000 has sparked market buzz, with some analysts arguing that Bitcoin’s current cycle echoes historical trends, particularly the 2015-2018 cycle. If Bitcoin continues to follow the 2017 cycle, prices could reach around $186,000 by the end of the first quarter, surpassing $1 million by October. Analysts point out that since its cycle low, Bitcoin’s performance in the current stage has mirrored the 2015-2018 cycle, both witnessing significant rises. For example, Bitcoin has rallied 630% since the 2022 cycle low, while the 2015-2018 cycle saw a 562% surge during the same timeframe. Furthermore, analysts also compare Bitcoin’s price movement to the US Presidential term, highlighting that Bitcoin surged 20-fold during Donald Trump’s first term as President. As such, some analysts believe that if Bitcoin sustains its current momentum, it could potentially break through $1 million by the end of the year.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin price may follow historical cycles, particularly the 2015-2018 cycle, with an expected price of $186,000 by the end of the first quarter of 2025, and over $1 million by October.
Bitcoin's current cycle is in line with historical trends, having gained over 550% since the cycle low, comparable to the gains seen during the 2015-2018 cycle.
Bitcoin price may be influenced by US presidential terms, with a 20-fold increase in Bitcoin price during Donald Trump's first term.
The future trajectory of Bitcoin price is uncertain, but factors like historical cycles and US presidential terms may have an impact on the price movement.