Bitcoin (BTC) Price Can Break Above $220,000 Over Next 18 Months: Report
U.Today
21 Nov 2023 3:18 PM
The world’s flagship cryptocurrency may break a massive price record if history repeats itself...
- The "Bitcoin Archive" Twitter account predicts that Bitcoin could reach $220,000 and even higher in the next 18 months.
- They base their forecast on historical data showing significant price surges after previous halvings.
- After the first halving, Bitcoin's price increased 94x, after the second halving it gained 30x, and after the third halving it jumped 6x.
- If this pattern continues, Bitcoin could surpass $220,000.
- Some experts attribute Bitcoin's previous all-time high of $69,000 to government money-printing during the pandemic.
- Currently, Bitcoin is priced at $36,414.
The sentiment of the article is generally positive, as it highlights the potential for Bitcoin's price to reach new highs based on historical trends.
You May Ask
What is the basis for the Bitcoin Archive's price forecast?How much did Bitcoin's price increase after each halving?What is the current price of Bitcoin?What is the potential price of Bitcoin if it experiences a similar surge as in previous halvings?What factor contributed to Bitcoin's previous all-time high of $69,000?