Bitcoin, the first and most famous cryptocurrency, has seen many ups and downs since it was created in 2009. With the end of 2024 approaching, many people are wondering: what will Bitcoin’s price be on December 31, 2024?
In this article, we’ll look at the bitcoin’s historical cycle and it’s move, so if history repeats itself, it can be exactly matched with our predicted price per Bitcoin.
Previous year’s Bitcoin Cycle :
In 2020 Bitcoin Cycle, from December 15, 2018 (Before recovery) to September 1, 2020 (625 days), Bitcoin is up by +269%
Similarly, 2020 Bitcoin Cycle, from December 30, 2022 (Before recovery) to September 15, 2024 (625 days), Bitcoin is up by +260.6%
After these days in 2020, Bitcoin surged by:
- +27.7% in October
- +42.95% in November
- +46.92% in December
If similar move happened again in 2024, Bitcoin price could reach potentially $162,539 by December 31, 2024.
This price is purely based on the historical cycle move and do not take this as a financial advice.
