Bitcoin Price Could Exceed $200,000 If 2017 Cycle Repeats

Bitcoin has reached new all-time highs in the current cycle, but it remains below double the previous peak. Analysts observe similarities between this cycle and 2017, indicating potential for further price increases.

Bitcoin Price Trends Compared to 2017

  • The bear market ended with an initial breakout followed by a short retracement.
  • Accumulation phase lasted several months as investors prepared for upward movement.
  • A significant rally occurred after the accumulation phase, which could repeat now.

Bitcoin price

Price Projections

  • If the current trend mirrors 2017, Bitcoin could surpass $200,000.
  • Analysts suggest a target around $220,000, with expected dips along the way.
  • This upward movement could materialize within the next three months, extending into 2026.

Bitcoin price chart