Ever since its evolution in 2008, the price of Bitcoin has mirrored several ups and downs. This year, in March, it registered an all-time high of $73,780.07. In what can be termed bull and bear runs of Bitcoin rise and fall, crypto experts observe a relatively familiar pattern. 

This is why, when providing their forecast to investors, crypto analysts tend to refer to the past performance of the particular crypto coin.

A crypto market expert named Plan B has highlighted previous cycle performances that will lead to a spike in Bitcoin in the future. 

Bitcoin Could Rise by 1000%: Analyst Claims

On microblogging site X (previously Twitter), the crypto analyst with the username PlanB insisted that the BTC bull market is still ongoing. 

According to the crypto analyst, this conclusion can be arrived at based on previous cycles and how the price of Bitcoin has been seen. The current BTC performance depicts an initial boost followed by a pullback before a more significant increase. 

The approach of the analysis is to focus on the last two bull cycles using some factors that have recurred. 

Before the rise slowed down in the 2017 bull run, the Bitcoin price by then had risen four-fold. When the end was assumed to arrive, it was but a halt on the way at the time that looked like the end of the bull market. 

What emerged after that was a 10x market rally that took the BTC price to other all-time high levels. 

In another bull cycle, between 2020 and 2021, the Bitcoin price would replicate the same drill. It was scaled four times in 2020, though the initial scale-up needs to be clarified and succeeded by a drop before going up again. BTC value by the time the bull cycle ended was 7x of its initial value. 

Paying attention to this and the fact that the current cycle is still moving along this curve, PlanB is convinced it will unfold similarly. It is worth noting that according to this trend, The Bitcoin price is already in the first phase of this trend after increasing fourfold from 2022.

How Big Would A 1000% Bitcoin Rise Be? 

At the moment, the price of Bitcoin stands at $59,000, which can be considered slow in the extreme. According to the timeline conveyed in this post, BTC would have arrived at the six-figure mark a lot sooner than a year from now. 

According to PlanB’s model, if the Bitcoin price closes at the bottom of the range with 700% inflation, then by the time the bull market is complete, this price would easily be $400k. If it goes to the top of the current range with 1,000%, it goes over $550k – a staggering figure to receive as a loss.

The BTC price could lead to a seven-to-ten-fold increase from here. Even if, at some point, the BTC price repeats a relatively weak growth like it was in the last two cycles, continuing the trend will guarantee at least 300-400% from current levels. 

Still, either way, you see that Bitcoin will ultimately skyrocket to the $100,000 level and beyond.