#Bitcoin Breaks $100,000#
Hot Topic Overview
Overview
The news of Bitcoin breaking $100,000 has sparked heated discussions in the market. Some analysts believe that if Bitcoin continues to follow the 2017 cycle, it could reach around $186,000 by the end of the first quarter of this year and exceed $1 million by October. They point out that Bitcoin's current cycle echoes historical trends, particularly the 2015-2018 cycle. Since the cycle low, Bitcoin's performance in the current stage is very similar to that of the 2015-2018 cycle. However, others believe that Bitcoin's future trajectory is difficult to predict, and the market is full of uncertainty.
Ace Hot Topic Analysis
Analysis
The news of Bitcoin breaking $100,000 has sparked market buzz, with analysts comparing the current bull run to the 2017 cycle. According to analyst Van Straten, if Bitcoin continues to follow the 2017 cycle, the price could reach around $186,000 by the end of the first quarter of this year, exceeding $1 million by October. He points out that Bitcoin's current cycle echoes historical trends, particularly the 2015-2018 cycle. Since the cycle low, Bitcoin's performance at this stage has been similar to the 2015-2018 cycle, both achieving over 500% gains. Analysts believe that if the current cycle continues to follow the 2017 cycle, Bitcoin will peak around October this year, with prices potentially reaching $1.7 million. It is important to note that these predictions are based on historical data and trend analysis, and actual price movements may deviate.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin price may continue to follow the 2017 cycle, reaching $186,000 by the end of the first quarter of 2025, and exceeding $1 million by October.
Bitcoin's current cycle echoes historical trends, particularly aligned with the 2015-2018 cycle.
Bitcoin's performance in the current phase of the cycle, since the cycle low, resembles the 2015-2018 cycle, both exceeding 500% gains.
If the current cycle follows the 2017 cycle, Bitcoin will reach $185,000 by the end of the first quarter, representing a gain of approximately 1100%.