Could #Bitcoin reach its peak within the next year?
The true bull market for Bitcoin typically begins when it surpasses its all-time high (ATH) and enters a phase of price discovery. However, once the ATH is broken, the price tends to reach its peak within a few months.
For instance, in 2017, BTC experienced a staggering increase of +1300% and reached its peak within 9 months after surpassing its ATH.
Similarly, in 2021, BTC saw a +250% increase and reached its peak within 12 months after breaking its ATH.
Considering the current cycle, BTC has recently broken its ATH. If we observe a similar pattern, we can anticipate the price to reach its peak within the next 9-12 months, give or take.
Even with a conservative approach that disregards any bullish narratives, we can still expect some growth in price. For example,
a +120% increase would place the price at $150k, while a +200% increase would put it at $210k.
Regardless of your target, one thing remains certain: Bitcoin may reach its peak in the coming months, but the price is expected to rise even higher from its current levels.
