Why Historical Data Suggests Bitcoin Could Rise 1,000%
Bitcoin has gone through several bull and market cycles, with a steady tendency. Crypto analysts typically utilize the coin's prior performance to predict its future. This time, market analyst PlanB has cited past cycle results that bode well for Bitcoin.
Bitcoin Could Grow 1,000%
In a tweet on X (previously Twitter), crypto expert PlanB predicted a further Bitcoin bull run. The crypto expert draws this conclusion from past cycles and Bitcoin price performance. An first leg up precedes a pullback and then a greater run.
The research compares the previous two bull cycles and their commonalities. The 2017 bull run saw Bitcoin rise 4x before pausing. The downturn seemed to terminate the bull market, but it was only a pause. The BTC price reached record highs after a 10x market boom.
Next bull cycle, 2020â2021, Bitcoin price played a similar role. An initial 4x rise ceased in 2020. After a delay, it rose again. BTC has 7x increased at the end of the bull cycle.
Since the current cycle is still following this tendency, PlanB expects it to play out similarly. The crypto researcher notes that Bitcoin has finished the first phase of this trend after gaining 4x since 2022.
If this pattern continues, BTC might rise 700% to 1,000%. Even if the BTC price drops as it did during the previous two cycles, a continuation of the pattern would guarantee a 300%â400% growth. It would indicate Bitcoin will break $100,000.
How High Would 1,000% Rally Be?
PlanB predicted that if Bitcoin finished at the bottom of the range with a 700% rise, it would reach $400,000 before the end of the bull market. It would exceed $550,000 at 1,000%.
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