BitcoinLong
Next BTC Targets
Prior to each major bull run, Bitcoin consolidated within triangle patterns, as seen in 2016–2017 and 2019–2020. These patterns signal periods of accumulation before explosive moves upward.
Currently, the chart shows another breakout from a consolidation zone in 2023–2024, resembling the pre-halving behavior of earlier cycles.
Historically, Bitcoin's price increases 10x to 20x from its bear market lows following halving events:
2016: From ~$500 to ~20k (40x).
2020: From ~3.5k to ~69k (20x).
If Bitcoin follows a similar trajectory from its 2022 low of ~16k, reaching 180k to 280k represents a 10x to 15x increase, which is consistent with prior cycles.
The chart illustrates how historical patterns, halving events, and technical formations contribute to Bitcoin’s potential to reach 180k as a minimum and 280k as a maximum in the next bull cycle. These targets are plausible within the cyclical behavior and long-term growth trend of Bitcoin.
Currently, the chart shows another breakout from a consolidation zone in 2023–2024, resembling the pre-halving behavior of earlier cycles.
Historically, Bitcoin's price increases 10x to 20x from its bear market lows following halving events:
2016: From ~$500 to ~20k (40x).
2020: From ~3.5k to ~69k (20x).
If Bitcoin follows a similar trajectory from its 2022 low of ~16k, reaching 180k to 280k represents a 10x to 15x increase, which is consistent with prior cycles.
The chart illustrates how historical patterns, halving events, and technical formations contribute to Bitcoin’s potential to reach 180k as a minimum and 280k as a maximum in the next bull cycle. These targets are plausible within the cyclical behavior and long-term growth trend of Bitcoin.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.