CandleFocus

Bitcoin $100K Dream Delayed: A Look Back at Historical Cycles and What’s Next

Author: Content Editor
Bitcoin recently came close to reaching the $100,000 milestone but failed to break through, causing market observers to compare it to similar occurrences in the past around key psychological levels. Analysts believe that this setback may just be a temporary pause before Bitcoin gains stronger momentum to surpass $100,000. They reference the 2016/2017 cycle when Bitcoin was expected to reach $20,000 but initially fell short before eventually breaking through and reaching a peak of $20,089. Unlike in 2017, the current market is still in the halving year, suggesting that the post-halving bull run is still in its early stages. Analysts expect Bitcoin to rebound and surpass $100,000, with some forecasting that it could reach $200,000 or more by 2025 before entering a bear market. Bitcoin is currently recovering from a dip and is now at $93,350.

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