{"id":637014,"date":"2024-08-22T05:00:30","date_gmt":"2024-08-22T05:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=637014"},"modified":"2024-08-21T13:19:26","modified_gmt":"2024-08-21T13:19:26","slug":"bitcoin-could-rise-1000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-could-rise-1000\/","title":{"rendered":"Historical Data Suggests Bitcoin Could Rise 1,000%, Here\u2019s Why"},"content":{"rendered":"

Over the years, the Bitcoin price<\/a> has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle performances that paint a bullish picture for Bitcoin going forward.<\/p>\n

Bitcoin Could Rise 1,000%<\/h2>\n

In a post on X (formerly Twitter), crypto analyst PlanB proposed that the Bitcoin bull run is far from over. The crypto analyst points to previous cycles and how the Bitcoin price has performed to come to this conclusion. This comes with an initial leg up before a drawdown and then followed by an even larger run.<\/p>\n

Related Reading: Cardano Kicked Out Of Top 10 Crypto By Market Cap, What\u2019s Going On?<\/a><\/div>\n

The analysis takes a look at the last two bull cycles with similarities that have played out both times. In the 2017 bull run, the Bitcoin price<\/a> had seen an initial 4x increase before slowing down. While the slowdown looked to be the end of the bull market, it was only a short stop. What followed was a 10x market rally that sent the BTC price to new all-time highs.<\/p>\n

In the next bull cycle, which occurred between 2020 and 2021, the Bitcoin price would put on a similar play. There was an initial 4x increase that ended in 2020. This was followed by a slowdown before another rise. By the time the bull cycle was done, the BTC price had completed a 7x increase.<\/p>\n

\n

Bitcoin increased 4x from the bottom in 2022 to now.
\nHistorically 7-10x follows from here.
\nWhat do you think bitcoin will do next 12 months? pic.twitter.com\/WtyO0u5RHn<\/a><\/p>\n

\u2014 PlanB (@100trillionUSD) August 21, 2024<\/a><\/p><\/blockquote>\n

Taking this into account and the fact that the current cycle<\/a> is still following this trend, PlanB believes it\u2019ll play out similarly. The crypto analyst points out that the Bitcoin price has already completed the first phase of this trend after rising 4x since 2022.<\/p>\n

If this trend plays out, then the BTC price could be headed for between a 700% and 1,000% price increase from here. Even if the BTC price were to see a diminished return like it did between the last two cycles, a continuation of the trend would still ensure a between 300% and 400% increase from here. Either way, it would mean that Bitcoin will eventually break the coveted $100,000 price target<\/a>.<\/p>\n

How High Would A 1,000% Rally Be?<\/h2>\n

Going by PlanB\u2019s prediction, if the Bitcoin price<\/a> were to finish in the bottom of the range with a 700% increase, then the price would be looking at at least $400,000 by the time the bull market is over. If it goes through to the top of the range with 1,000%, it would reach above $550,000.<\/p>\n

Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price<\/a><\/div>\n

Currently, the Bitcoin price is still trending at $59,000, which suggests a slowdown. If the timeline in the post is to be followed, then the BTC price would be at six figures<\/a> less than a year from now.<\/p>\n

\"Bitcoin
BTC price still holding above $59,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle performances that paint a bullish picture for Bitcoin going forward. Bitcoin Could Rise 1,000% In a post on X (formerly Twitter), crypto analyst PlanB proposed that the Bitcoin bull run is far from over. The crypto analyst points to previous cycles and how the Bitcoin price has performed to come to this conclusion. This comes with an initial leg up before a drawdown and then followed by an even larger run. Related Reading: Cardano Kicked Out Of Top 10 Crypto By Market Cap, What\u2019s Going On? The analysis takes a look at the last two bull cycles with similarities that have played out both times. In the 2017 bull run, the Bitcoin price had seen an initial 4x increase before slowing down. While the slowdown looked to be the end of the bull market, it was only a short stop. What followed was a 10x market rally that sent the BTC price to new all-time highs. In the next bull cycle, which occurred between 2020 and 2021, the Bitcoin price would put on a similar play. There was an initial 4x increase that ended in 2020. This was followed by a slowdown before another rise. By the time the bull cycle was done, the BTC price had completed a 7x increase. Bitcoin increased 4x from the bottom in 2022 to now. Historically 7-10x follows from here. What do you think bitcoin will do next 12 months? pic.twitter.com\/WtyO0u5RHn \u2014 PlanB (@100trillionUSD) August 21, 2024 Taking this into account and the fact that the current cycle is still following this trend, PlanB believes it\u2019ll play out similarly. The crypto analyst points out that the Bitcoin price has already completed the first phase of this trend after rising 4x since 2022. If this trend plays out, then the BTC price could be headed for between a 700% and 1,000% price increase from here. Even if the BTC price were to see a diminished return like it did between the last two cycles, a continuation of the trend would still ensure a between 300% and 400% increase from here. Either way, it would mean that Bitcoin will eventually break the coveted $100,000 price target. How High Would A 1,000% Rally Be? Going by PlanB\u2019s prediction, if the Bitcoin price were to finish in the bottom of the range with a 700% increase, then the price would be looking at at least $400,000 by the time the bull market is over. If it goes through to the top of the range with 1,000%, it would reach above $550,000. Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price Currently, the Bitcoin price is still trending at $59,000, which suggests a slowdown. If the timeline in the post is to be followed, then the BTC price would be at six figures less than a year from now. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":637016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-637014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nHistorical Data Suggests Bitcoin Could Rise 1,000%, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Historical Data Suggests Bitcoin Could Rise 1,000%, Here\u2019s Why","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-could-rise-1000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-could-rise-1000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Bitcoin-2.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-08-22T05:00:30Z","datePublished":"2024-08-22T05:00:30Z","dateModified":"2024-08-22T05:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Historical Data Suggests Bitcoin Could Rise 1,000%, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-could-rise-1000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-could-rise-1000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-2.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-08-22T05:00:30Z\",\"datePublished\":\"2024-08-22T05:00:30Z\",\"dateModified\":\"2024-08-22T05:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Bitcoin-2.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/637014"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=637014"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/637014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/637016"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=637014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=637014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=637014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}