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According to the two previous bullish cycles, we should expect a major increase in the price of Bitcoin in November - December 2024. Let's take a closer look.
So, in November - December 2017, a record price of $ 20 thousand was recorded for a Bitcoin coin. It has risen in price more than 20 times in a year. After all, back in November 2016, Bitcoin was $ 700.
The next 3 years were a long "bear season", when the entire market only got cheaper. We are not interested in this time and we will skip it.
The next time Bitcoin rose in price significantly in November - December 2021. Then Bitcoin shot up to $ 64 thousand. If you calculate its minimum value in December 2018, $ 3,000, it turns out that it also rose in price 20 times.
And now 2024 has come. Today, Bitcoin is trading in the range of 60 thousand dollars. If we take its minimum value of 15 thousand in November 2022, we can assume that it will also rise in price 20 times to 300 thousand dollars. Although this will most likely happen in 2025. At the end of 2024, I predict the price of Bitcoin at 160-180 thousand dollars.
