Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

Comparing lows, highs and halving prices from its two previous halving cycles, ChartsBTC put the difference between peaks at 36x for the 2012 cycle and 17x for the 2016 cycle. Following the course of the 2016 cycle, which Bitcoin is currently frontronning, a new all-time price high should appear before the end of 2020.

The current third halving cycle should also deliver a peak price similar to what ChartsBTC hypothesized. Quant analyst PlanB has argued that an average price of $288,000 and a peak of $576,000 or more is possible between now and 2024, the end of the current halving cycle.

Timeline of Bitcoin, Quant