Analyst: If BTC follows the cycle, the price may exceed 1 million dollars by the end of the year

ChainCatcher news, CoinDesk analyst James Van Straten stated that if Bitcoin continues to follow the 2017 cycle, it could break through $1 million by the end of the year. Currently, Bitcoin's price has risen about 550% from the cycle low, which is consistent with previous cycles.

In discussions about Bitcoin, the analysis of the four-year cycle is of great interest. This cycle revolves around Bitcoin's halving mechanism, which reduces supply every four years. Typically, after each halving, Bitcoin's price sees a significant increase in the following year, and this cycle continues to show similar trends to the previous two cycles.

As of now, Bitcoin's price has risen about 550% from the cycle low during the FTX collapse ($15,500). Data shows that in the current cycle, Bitcoin's performance is similar to that of the 2015 to 2018 cycle: after the cycle low on January 14, 2015, Bitcoin (blue line) also saw an increase of about 550%.

If Bitcoin continues to follow the cycle trend from 2015 to 2018, by the end of the first quarter of 2025, its price could rise 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 around $1.7 million.