empty
04.11.2021 08:59 PM
Bitcoin can overcome its all-time highs again and grow more than 7 times, as in the last halving

This image is no longer relevant

Bitcoin can break its historic highs again and grow more than 7 times, as in the last halving. If the scenario of the previous halving repeats itself, then Bitcoin has every chance to enter a long bull run and update its historical quotes.

Since the halving in May 2020, Bitcoin has grown in value more than 7 times. Many analysts are confident that the BTC/USD pair could break all records again if the historical precedent repeats itself.

The current cycle remains closely related to the previous two cycles. As soon as the reward for miners is halved, the digital asset immediately demonstrates a huge increase - and this is a positive fact.

If we look at 2017 as an example, then the next digital gold price spike could be around the $253,000 mark.

After overcoming this scenario, Bitcoin will still work out its price level within certain parameters.

Ethereum could grow too, according to Econometrics analytics. Ethereum has now hit its all-time highs and is trading at $4,470.

It showed a significant increase, and if we compare it with Bitcoin and build on the Bitcoin halving cycle, then in a repeated scenario, Ethereum may grow more than 5 times and trade at $22,000.

Prominent analyst Willy Woo is also confident that such growth is quite possible and justified. Woo shared his personal thoughts on Twitter this week.

The analyst is confident that the upcoming halving will be unique in its own way. It will lead to a global price change in digital gold as well as its scalability.

If everything goes in the right direction, then Bitcoin prices will skyrocket. Over the next five years, it will be interesting to observe this cycle and what financial results it can lead to.

Vitaly Kolesnikov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

BTC/USD Analysis on June 19, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex in recent months. A corrective downward structure formed and completed near the $75,000 level. After that, a fairly

Chin Zhao 11:07 2025-06-19 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 19

Yesterday, Bitcoin and Ethereum remained under pressure, failing to receive support from major players despite attempts to break through key resistance levels. After dipping to around $130,400, Bitcoin is currently

Miroslaw Bawulski 08:36 2025-06-19 UTC+2

Wave analysis of BTC/USD on June 18. Bitcoin to clear up its overall impulse

The wave pattern on the 4-hour chart of BTC/USD has become more complicated in recent months. We observed a corrective downward structure that completed near the $75,000 mark. After that

Chin Zhao 15:34 2025-06-18 UTC+2

Middle East Tensions and U.S. Involvement Trigger Crypto Market Sell-Off

Bitcoin came under significant pressure yesterday following the escalation of tensions in the Middle East. The likelihood of U.S. involvement in a military conflict has increased significantly, which puts pressure

Jakub Novak 11:41 2025-06-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 18

Bitcoin and Ethereum plunged following the latest escalation in the Middle East and the increasing likelihood that the United States will be drawn into the conflict. Bitcoin dropped from $107,600

Miroslaw Bawulski 09:46 2025-06-18 UTC+2

JPMorgan Chase & Co. plans to launch its own stablecoin

JPMorgan Chase & Co., the largest US bank by assets and market capitalization, has filed a trademark application for what appears to be a new blockchain-based asset called JPMD, sparking

Jakub Novak 11:25 2025-06-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 17

Bitcoin dropped from $108,700 to $106,000, while Ethereum fell from a high of $2,676 to $2,525 before slightly recovering. While crypto traders anticipate a sustained bullish trend and a potential

Miroslaw Bawulski 09:04 2025-06-17 UTC+2

What are odds of BTC trading at $150K by August?

For several days, Bitcoin hovered above the $105,000 level, seemingly waiting. But today, it broke through. We've witnessed a classic consolidation phase ahead of a possible price surge

Ekaterina Kiseleva 17:22 2025-06-16 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 16

Bitcoin and Ethereum regained their positions following a major sell-off at the end of last week, which occurred after the outbreak of the military conflict between Iran and Israel. This

Miroslaw Bawulski 08:55 2025-06-16 UTC+2

The Cryptocurrency Market Collapsed — Here's Why

Bitcoin and Ethereum have crashed. Bitcoin lost around 3.5% during morning trading alone, while Ethereum dropped by more than 10%, then slightly rebounded. Panic swept through the cryptocurrency market immediately

Jakub Novak 11:12 2025-06-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.