If Bitcoin continues to repeat the previous market cycle pattern.
2013 - 2017 reaching ATH (1000$ - 20,000$)
2014 - 2018 Trend Reversal: Bearmarket
2015 - 2019 Price Bottom: End of Bearmarket (200$ - 3200$)
2016 - 2020 Halving
2017 - 2021 reaching new ATH .
Bitcoin ROI since 2015 Bottom to 2017 ATH was 100x
Bitcoin ROI since 2013 ATH to 2017 ATH was 20x
Calculating this we may have the next target 3200$ x 100 = 320,000$, or 20,000 x 20 = 400,000$.
Considering this as a maximum possible targets, I will just pick an average possible target ~240,000$, because the exponential price growth is getting smaller each time, due to reaching economical limits.
And of course we have to take in consideration that Bitcoin price always depends on USD including stablecoins such as USDT influx, and the central banks inflation rate, which may have an impact on Bitcoin price.
Let's check historical yearly minimal prices of Bitcoin .
2011 - $0.30
2012 - $4
2013 - $65 ( ATH $1120)
2014 - $200
2015 - $185
2016 - $365
2017 - $780 ( ATH $19,800)
2018 - $3200
2019 - $3400
2020 - $8000
2021 - $19,999 ( ATH $200,000)
2013 - 2017 reaching ATH (1000$ - 20,000$)
2014 - 2018 Trend Reversal: Bearmarket
2015 - 2019 Price Bottom: End of Bearmarket (200$ - 3200$)
2016 - 2020 Halving
2017 - 2021 reaching new ATH .
Bitcoin ROI since 2015 Bottom to 2017 ATH was 100x
Bitcoin ROI since 2013 ATH to 2017 ATH was 20x
Calculating this we may have the next target 3200$ x 100 = 320,000$, or 20,000 x 20 = 400,000$.
Considering this as a maximum possible targets, I will just pick an average possible target ~240,000$, because the exponential price growth is getting smaller each time, due to reaching economical limits.
And of course we have to take in consideration that Bitcoin price always depends on USD including stablecoins such as USDT influx, and the central banks inflation rate, which may have an impact on Bitcoin price.
Let's check historical yearly minimal prices of Bitcoin .
2011 - $0.30
2012 - $4
2013 - $65 ( ATH $1120)
2014 - $200
2015 - $185
2016 - $365
2017 - $780 ( ATH $19,800)
2018 - $3200
2019 - $3400
2020 - $8000
2021 - $19,999 ( ATH $200,000)