{"id":362607,"date":"2021-11-04T17:08:56","date_gmt":"2021-11-04T14:08:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats\/"},"modified":"2021-11-04T17:08:56","modified_gmt":"2021-11-04T14:08:56","slug":"bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats\/","title":{"rendered":"# Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a401ca40b523\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a401ca40b523\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats\/#Bitcoin_Compared_to_2017_you_aint_seen_nothing_yet\" >Bitcoin: Compared to 2017, you ain\u2019t seen nothing yet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats\/#1_BTC_1_BTC\" >1 BTC = 1 BTC<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.<\/p>\n<p>As tracked by on-chain data source <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1456230999361212420\/\">Ecoinometrics<\/a> this month, BTC\/USD has the potential to eclipse estimates simply by following historical precedent.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Compared_to_2017_you_aint_seen_nothing_yet\"><\/span>Bitcoin: Compared to 2017, you ain\u2019t seen nothing yet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.<\/p>\n<p>The data relates to the roughly four-year halving cycles in which Bitcoin has exhibited identical behavior since its inception.<\/p>\n<p>The current cycle, despite impatience from some traders, remains closely tied to the previous two.<\/p>\n<p>Taking 2017 as an example, the next BTC price peak could be as much as $253,800 \u2014 and even then, Bitcoin would still be acting within previously defined parameters.<\/p>\n<p>Ecoinometrics also includes data on Ether (ETH) and its performance relative to the stage of Bitcoin\u2019s halving cycle.<\/p>\n<p>The largest altcoin saw much larger comparative gains relative to Bitcoin \u2014 120 times its halving price marked last cycle\u2019s peak in 2018.<\/p>\n<p>Thus, a repeat performance would mean ETH\/USD trading at $22,300 \u2014 again not beyond the realms of possibility.<\/p>\n<p>In terms of what the subsequent bear market could bring, Bitcoin would need to bottom out at around $42,000 to copy its post-2017 correction. ETH\u2019s price, on the other hand, would fall to $1,347.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/8a1e14c7-6a2d-403a-a38a-1922ec8fa496.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin and Ether post-halving performance chart. Source: Ecoinometrics\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"1_BTC_1_BTC\"><\/span>1 BTC = 1 BTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If such sky-high figures are difficult to comprehend, they pale in comparison to what well-known data analyst Willy Woo now believes.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin retests support, with trader forecasting BTC price dip to $55K<\/em><\/strong><\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1455890253923897351\">tweet<\/a> this week, Woo reiterated that this Bitcoin halving cycle would be unique in one specific way: It will end in things being priced in BTC, not United States dollars, as using anything to measure BTC value will be pointless.<\/p>\n<p>\u201cWhat\u2019s my prediction for the top of this cycle? Since I think this is the last cycle, the one that takes us to saturation, which if it wins, we can\u2019t put a USD value on it because things get valued in BTC,\u201d he wrote. <\/p>\n<blockquote><p>\u201cThus the cycle top is easy to pick. It will be 1 BTC = 1 BTC.\u201d<\/p><\/blockquote>\n<p>A separate post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1456255912952451073\/\">noted<\/a> how close Bitcoin was getting by market capitalization compared to U.S. dollar M2 supply. The situation in the next five years \u2014 the remainder of the current cycle and start of the next \u2014 he commented, will be \u201cvery interesting.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats &#8221; Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC\/USD has the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":362608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMmExNWE3YWEtZjU0OC00ODQxLWEzMTUtZDVmZWJiN2Q0OWZlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785,68637],"class_list":["post-362607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=362607"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/362608"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=362607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=362607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=362607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}