The following are the established Bitcoin cycles since 2010 which are instrumental in our forecasting of the market price for Bitcoin going forward.
Up Cycles
Down Cycles
Cycle charts and Future Targets
In the period from July 2010 to November 2011, Bitcoin increased +42,185.61% and decreased from the peak -93.07%.
In the period from November 2011 to August 2013, Bitcoin increased +11,119.51% and decreased from the peak -71.16%.
In the period from April 2013 to October 2014, Bitcoin increased +1,629.35% and decreased from the peak -84.54%.
In the period from October 2014 to May 2019, Bitcoin increased +10,811.01% and decreased from the peak -83.48%.
In the period from December 17, 2018 to February 15, 2021, Bitcoin has increased approximately +1,438%.
What if:
- Bitcoin achieves the +1,629.35% of the 2013-2014 period, then the price would be $55,252.04.
- Bitcoin achieves the +10,811.01% gain of the 2014-2019 period, then the price would be $348,602.08.
- Bitcoin achieves the –71.16% decline of the 2013 period, then the price would be $14,175.19.
See Also:
- Our October 7, 2014 recommendation of Bitcoin at $334.09 found here.
- Bitcoin Archives