Bitcoin (BTC) has reached a new all-time high of $109,000, coinciding with President Donald Trump’s inauguration. This remarkable milestone has sparked renewed interest in the cryptocurrency, with analysts drawing comparisons to historical cycles. Glassnode’s recent report highlights that Bitcoin’s current trajectory mirrors the 2015-2018 bull cycle, raising expectations for continued growth.
#Bitcoin's current cycle continues to echo historical trends, particularly aligning with the 2015-2018 cycle.#BTC performance since the cycle low at the current stage of the cycle (no. of days since low):
— glassnode (@glassnode) January 21, 2025
⚫️2022 Cycle+: +630%
🔵2015-2018 Cycle: +562%https://t.co/9YVv2m2I0p pic.twitter.com/vBSwC8qm5T
Bitcoin’s 2015-2018 Cycle: A Blueprint for Growth
Glassnode’s analysis delves into Bitcoin’s performance across its various cycles, particularly comparing the current 2022+ cycle to the 2015-2018 period. In the previous cycle, Bitcoin rose 562% from its low, ultimately peaking at $19,666 in December 2017—a staggering 11,374% increase. At the same stage in the current cycle, Bitcoin has already surged by 630%, sparking speculation about the potential for similar or even greater gains.
If Bitcoin continues to follow the 2015-2018 trajectory, some analysts suggest the cryptocurrency could see a peak of $1.7 million, driven by an 11,374% rise from its 2022 low of $15,000. However, while this scenario remains speculative, the possibility of substantial growth remains high.
Realistic Price Projections for Bitcoin
More conservative projections from CryptoQuant place Bitcoin’s price target between $145,000 and $249,000 by 2025, based on their analysis of the realized cap multiplier. This metric measures Bitcoin’s market value in response to capital inflows, suggesting that Bitcoin still has significant room for growth. CryptoQuant predicts a $520 billion capital inflow by 2025, which could push Bitcoin’s value to these levels.
Meanwhile, analysts note that growing demand in South Korea, driven by the “Kimchi Premium,” could further propel Bitcoin’s growth. However, rising unemployment rates in the U.S. pose potential risks to the global economy, prompting caution despite optimistic market conditions.
As of now, Bitcoin is trading at $104,637, reflecting a slight decline of 2.82% over the past 24 hours, but the broader outlook remains positive.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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