Analysis: If BTC follows the cycle, the year-end price may exceed $1 million

BlockBeats news, on January 21st, CoinDesk analyst James Van Straten expressed that if BTC continues to follow the cycle of 2017, it may break through $1 million by the end of the year. Currently, BTC’s price has pumped about 550% from the cycle low, a performance consistent with previous cycles. In discussions about BTC, the analysis of the four-year cycle is highly followed. This cycle revolves around BTC’s Halving mechanism, which reduces supply every four years. Typically, in the year following each Halving, BTC’s price experiences a significant pump. The current cycle continues to exhibit a similar trend to the previous two cycles. As of now, BTC’s price has pumped about 550% from the cycle low during the FTX crash ($15,500). Data shows that in the current cycle, BTC’s performance is similar to the 2015-2018 cycle: after the cycle low on January 14, 2015, BTC’s (blue line) increase was also about 550%. If BTC continues to follow the trend of the 2015-2018 cycle, by the end of the first quarter of 2025, its price may pump about 1,100% from the cycle low, reaching $186,000. The peak of this cycle may occur in October of this year, with an increase of 11,000%, pushing the price to about $1.7 million.