Michael Terpin’s projection for Bitcoin is to reach three times the halving price (which would equal $194,000. While there will be pullbacks along the way – perhaps as much as 30 percent – it will not stop the all-time high reaching or surpassing this number (in his opinion).
In his book about crypto - the. “Bitcoin’s Godfather” talks about the Bitcoin Cycle - and where we are at the start of 2025.
The Four Seasons of Bitcoin:
- Bitcoin Spring begins the day of the halving.
- Bitcoin Summer takes place when the all-time high of the prior cycle has been passed, kicking off a parabolic rally that creates an outsized new all-time high.
- Bitcoin Fall is when the bubble pops and price fall for about a year, ending in capitulation and “blood in the streets” (during the last cycle, this occurred right after the collapse of FTX).
- Bitcoin Winter is the longest season (around 18 months), as the market reels and seeks to regain momentum after steep losses from the prior all-time high, ending with the next Bitcoin Spring (or, as happened in March, a new all-time high for the current cycle).
These seasons have repeated systematically for the past fifteen years, and on this past Election Day, Bitcoin Summer came to this fifth cycle with a new all-time high of $74,000. Within a month, the price of bitcoin passed $100,000, climbing as high this month as $108,000 before retracing to $92.9k in the days after the Fed meeting’s guidance of slower rate cuts ahead, once again shaking out the timid and providing a great opportunity to buy under $100k, which will become much harder to find in the new year.
https://youtu.be/zW1qVJBfhDc?si=3gCUDLwuLTDCFjIW
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