The race is on for Bitcoin, which might just sprint toward the $1 million finish line by the end of this year if it continues to echo its 2017 performance. Analyst Van Straten points out, “Bitcoin is currently up approximately 550% from the cycle lows,” mimicking its post-FTX collapse recovery with remarkable precision.
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Echoes of the Past Propel Future Gains
Amidst a backdrop of recovery and political shifts, Bitcoin not only rebounded from its 2022 low of around $15,500 but has now breached the $100,000 mark. This surge comes as the U.S., under the potentially crypto-friendly administration of President Donald Trump, watches closely, though Trump has yet to announce clear crypto policies.
Bitcoin’s journey mirrors historical patterns tied to its halving cycles, known for triggering substantial price increases. Current trends suggest that if Bitcoin continues along the projected path of past cycles, we could see it climbing to $1.7 million by October 2025, according to CoinDesk.
As it parallels gains from Trump’s first presidential term, a potential 10x increase from current levels discussed on X by Bitcoin Archive could push Bitcoin to this new extraordinary high, reshaping investor expectations globally.
At the time of writing, Bitcoin is sitting at $104,831.40.
