Bitcoin Could Break $1M by Year-End, Echoing the 2017 Cycle, Says Van Straten.

Bitcoin Up 550% Since FTX Collapse, Could Reach $1M by Year-End, Analysts Predict

Bitcoin (BTC) has surged by about 550% from its low point after the FTX collapse, when the cryptocurrency briefly dipped to around $15,500 in November 2022. At the time, extreme fear dominated the market, and many believed Bitcoin’s recovery was unlikely.

Fast forward just over two years, and Bitcoin is now trading above $100,000, with optimism rising due to a new U.S. administration that many expect to be more favorable to cryptocurrency. However, President Donald Trump, now in office as the 47th president, has yet to announce any concrete crypto-related policies.

Bitcoin’s Four-Year Cycle: A Key Indicator for Price Growth

A major factor behind Bitcoin’s recent rise is its four-year halving cycle, which reduces the supply of new coins every four years. Historically, Bitcoin has seen substantial price increases the year after each halving, and this current cycle is showing signs of following the same pattern as previous ones.

Currently, Bitcoin is up approximately 550% from its cycle low during the FTX collapse (shown by the black line). In comparison, during the 2015 to 2018 cycle (depicted by the blue line), Bitcoin’s price also saw a similar increase from its cycle low that occurred on January 14, 2015.

Price Projections and Comparison with Past Cycles

According to Glassnode data, which tracks the daily closing price of Bitcoin at 00:00 UTC, Bitcoin was up around 1,300% at this point in the 2018 to 2022 cycle (represented by the green line), which is more than double the current gain of 550%.

If Bitcoin continues to follow the trajectory of the 2015-2018 cycle, it could see a 1,100% increase by the end of Q1 2025, pushing its price to $186,000. The cycle peak could arrive around October 2025, potentially pushing Bitcoin to a staggering $1.7 million per coin, reflecting an 11,000% increase from the cycle low.

Bitcoin’s Correlation with U.S. Presidential Terms

Another way to predict Bitcoin’s future is by comparing its price movement with U.S. presidential terms. According to Bitcoin Archive on X, Bitcoin increased by 20x during Trump’s first term. If this trend holds, Bitcoin could see a 10x return from its current price, bringing its value to around $1 million by year-end.

In conclusion, Bitcoin’s impressive recovery from the FTX collapse, along with its historical four-year cycle pattern, suggests that the cryptocurrency could see continued price growth. With favorable market conditions and the possibility of a more crypto-friendly regulatory environment under President Trump, Bitcoin reaching $1 million by the end of 2025 seems increasingly likely.

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