Despite the collapse of FTX and extreme fear in the industry, Bitcoin has made a remarkable recovery, currently trading at over $100,000. The four-year cycle analysis, which revolves around Bitcoin's halving program, suggests that price appreciation tends to occur in the year following the halving. Comparisons to previous cycles show that Bitcoin is currently up around 550% from the cycle lows during the FTX collapse. If Bitcoin follows the pattern of the 2015 to 2018 cycle, it could potentially reach $186,000 by the end of Q1 2025, with a cycle peak of around $1.7 million in October of this year. Other comparisons, such as with U.S. presidential administrations, indicate that Bitcoin could reach $1 million based on the performance during Donald Trump's first term.



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