Recently, Bitcoin has been moving slowly, but it has been reaching new highs almost every day. Who could have imagined that it would rise from 70,000 to 90,000 dollars in just a week? That's how Bitcoin is; when it goes crazy, it's beyond what ordinary people can imagine.
If Bitcoin rises to 300,000 dollars by 2025, the old investors won't be surprised at all, while newcomers will find it unbelievable. However, there are many unimaginable prices for Bitcoin.
When looking to the future, we usually check its past. Based on the historical halving market, Bitcoin
First bull-bear cycle:
From 2010 to 2013, the halving date was November 28, 2012, changing the reward from 50 to 25 coins. The price increased from a low of 11 dollars to 260 dollars, a 23-fold increase.
Second bull-bear cycle:
From 2014 to 2017, the halving date was July 10, 2016, changing the reward from 25 to 12.52 coins. The price increased from a low of 430 dollars to 20,000 dollars, a 46.5-fold increase.
Third bull-bear cycle:
From 2018 to 2021, the halving date was May 12, 2020, changing the reward from 12.5 to 6.25 coins. The price increased from a low of 3,150 dollars to 69,000 dollars, a 22-fold increase.
In summary, after each halving, the bull market price has always increased over 20 times from the low point to the final high point. Therefore, the low point of this bear market is approximately 15,500 dollars, and 20 times that is 300,000 dollars.
