The best possible Bitcoin price has been the topic of hot debate over the last few years. In July, it reached a new all -time high of $ 123,000. Some have reached the highest point in the leading cryptocurrency, and others insisted on the updated vitality because they continue to expect high prices. The phone was from $ 150,000 to $ 500,000, but as the market matured, the possibility of major bitcoin prices still remains.
Previous cycle performance talks about Bitcoin Price Top
Encryption and market experts, Mike Alfred, visited the X (previous Twitter) platform and shared a place where Bitcoin prices were raised. ALFRED uses the previous cycle performance and the resulting Bear Market lows to show how much price can collide here.
First, there was a 2014 Bull Market, with a bitcoin price of $ 200 to $ 200 to $ 200 to $ 200. Then, in 2018, the price of bitcoin will collapse from $ 20,000 to $ 3,200, which has fallen by 84%.
Following the same trend, the price of bitcoin was over $ 69,000 in 2021, and similar prices fell, and it was difficult in 2022 due to factors such as FTX collapse. Ultimately, the cryptocurrency drops to about $ 16,000 before reaction, the price decreases by about 80%.
Encryption analysts use this trend to collide with similar indicators, but it is not expected to be more than $ 300,000. In the post, Alfred raised the current Bitcoin cycle to $ 312,000 before the market collapse.
If this level is achieved, the next wave is expected to lower the price conflict to $ 75,000, which will decrease 76%. Analysts also expect this to collide in 2026 without this in 2025.
In response to the post, other X users, Becky, I did not agree Bitcoin prices cannot reach $ 30,000. It is pointing to realized volatility I can’t show it. However, ALFRED discusses this by the fact that the realized volatility is not static and does not accurately predict the period of higher volatility.
DALL.E’s main image, TradingView.com chart
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