🚨There's historical data indicating that BTC could drop below $35,000 by the end of 2024, based on its price trends from 2018 to present:🚨💥
1. In 2018, BTC started at $7,000, peaked at $10,000, and ended at $3,700.
2. In 2019, BTC started at $3,700, peaked at $14,000, and ended at $7,200.
3. In 2020, BTC started at $7,200, peaked at $29,200, and ended at $29,000.
4. In 2021, BTC started at $29,000, peaked at $69,000, and ended at $38,500.
5. In 2022, BTC started at $38,500, peaked at $48,200, and ended at $16,500.
6. In 2023, BTC started at $16,500, peaked at $44,700, and ended at $42,000.
7. In 2024, BTC started at $42,000, peaked at $74,000, and is expected to end below $30,000 based on historical patterns of BTC's yearly highs and subsequent 50% declines.
Interestingly, BTC's price trends mirrored those of the stock market from Nov. 2021 to June 2022, suggesting it was treated as a stock. This pattern persisted through much of 2023.
Analyzing this historical data, it's observed that BTC's price typically drops by 50% of its yearly high by year-end. With BTC hitting an all-time high of $74,000 in 2024, a 50% decline from this peak suggests a sub $35,000 BTC by year-end.
In each market cycle, a significant decline usually follows once an all-time high is reached. Exercise caution and consider selling rather than buying BTC. Follow for more daily insights. #Memecoins #SHIB #WIF #BTC
