I have been in the crypto market since 2017 and have gone through 2 bullish phases. I admit that every bullish phase that occurs every few years has different price movements. 2017 the price of bitcoin rose drastically towards the end of the year and in 2021 the price of bitcoin reached ATH twice in a year. and for this year let's watch how and how high the price of bitcoin will go. but I think bitcoin will reach at least $80k.
It's commendable that you've witnessed two initial bullish cycles of Bitcoin, nonetheless, the chart can still be more practical proof of what happened than an actual witness. This is because as human beings, we tend to forget the actual that happened and even if we didn't forget it, things that happen at times may be unable to be explained exactly as it is. This is why I would like to point out to you that the bull run witnessed in 2017, it actually started in 2016 and ended in the year just as we witnessed it in 2020 which ended in 2021. Every year of Bitcoin's bull run, the coin has been hitting its ATH, and now it has hit another ATH even before this year's halving, which is a reason for concern for me.
Regardless, I expect the same bullish impact experienced in the past to happen this year after having, which should end in 2025 if the earlier patterns explained serve us right. But we should all get prepared for the worst this time that Bitcoin now resides at upper levels even before halving happened. Could this mean that a twist of events wants to happen even as Bitcoin is gaining more relevance with institutional investors and also with the ETF approval and implementation?
