Top Bitcoin Analyst Takes Reference From History, Reveals Where BTC Price Will Be in 2 Years
Popular crypto analyst Michaël van de Poppe recently took to X to give his prediction on where Bitcoin’s price could be headed based on historical patterns.
Looking to the Past
In a tweet on February 17th, 2024, van de Poppe noted that we are currently at a similar point in Bitcoin’s market cycle as April 2016 and March 2020. Those dates represented periods halfway through Bitcoin’s previous bull runs before reaching new all-time high prices.
Specifically, April 2016 was the midpoint of Bitcoin’s cycle that culminated in the previous peak of nearly $20,000 in December 2017. Similarly, March 2020 marked the middle of the cycle that led to the former all-time high of around $69,000 in November 2021.
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Show more +What’s Next for Bitcoin
Currently trading around $51,000, van de Poppe believes Bitcoin still has significant room to run over the next two years before hitting its next peak. Given the similarities to previous cycles, he expects Bitcoin’s price to reach well above its previous highs in that timeframe.
Van de Poppe advised followers to “accumulate as much as possible” while Bitcoin’s price remains comparatively low. With history as a guide, he sees the current period as an opportunity to build positions before the next parabolic advance begins in earnest.
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