Bitcoin’s Bull Run: How High Will It Go?

The bull run is back with a vengeance! Bitcoin is flying, bears are wrecked, and bags are packed. The only question left: how much higher can BTC go?

The Bull Market Mentality

It’s classic bull market behavior—the higher Bitcoin goes, the more outlandish the price predictions become. In every cycle, taking profits feels like a sin because, “Don’t you know it’s going to a million, bro?” And while it’s true that bulls make money while bears just sound smart, history reminds us that proper risk management is the key to long-term success.

A Look at Past Predictions

Ten years ago, a single Bitcoin was worth just $375. If you had told someone back then that it would hit $100,000 in a decade, you might have been laughed out of the room. Yet, here we are. Crypto has a long track record of defying disbelief, and there’s no reason to think this time will be any different.

Even so, chasing ever-rising price targets without a clear exit strategy can be disastrous. The market is full of stories of people who watched their paper profits vanish because they held on too long. Having a well-thought-out price target and an exit plan is essential if you want to turn those digital gains into life-changing money.

BTC Price Targets for 2024 and Beyond

Bitcoin’s 2024 targets have already been smashed. Some of the more conservative estimates, like $80K-$90K, are now history, with BTC ranging between $90K and $99K. Institutions like Bitwise and Bernstein made price predictions in this range, and their forecasts have aged well.

Bitwise, the world’s largest crypto index fund manager, predicted an $80K BTC price for 2024, contingent on macroeconomic and political factors. With those conditions met—including U.S. elections favoring a pro-crypto administration and central banks introducing stimulus—Bitcoin surged past this target with ease.

Bernstein, on the other hand, revised its price target from $80K to $90K after seeing BTC’s bullish momentum. This turned out to be an even more accurate prediction. But what’s next?

The Bigger Picture: 2025 and Beyond

Most analysts agree that the true cycle top will come in 2025, likely in Q4, aligning with the historical four-year cycle. Some bold predictions even place Bitcoin at $200K next year. The factors fueling this outlook include:

• Growing adoption of Bitcoin ETFs by institutional investors
• Increased demand from financial institutions and governments
• Continued devaluation of fiat currencies

Bernstein, for instance, suggests that BTC is entering a new institutional era where Wall Street firms will hold more Bitcoin than Satoshi himself. And with spot Bitcoin ETFs already surpassing 1 million BTC in holdings, the demand is undeniably strong.

Could BTC Hit $200K?

Historically, Bitcoin experiences diminishing returns from cycle to cycle. In 2013, BTC surged 3,818% from its previous high. In 2017, the return was 1,600%. By 2021, this had dropped to 350%. If the pattern holds, the next cycle top should be lower than 350% from the last peak of $69K—placing BTC somewhere in the $140K-$200K range.

Inflation also plays a role. With a massive increase in money supply post-pandemic, some argue that Bitcoin’s cycle top could be inflated as well, pushing it toward the higher end of the range.

Could Bitcoin Enter a Super Cycle?

The idea of a “super cycle”—where Bitcoin breaks its four-year cycle and continues climbing indefinitely—is tempting but historically unreliable. Many thought 2021 was a super cycle, only for the market to crash and wipe out over-leveraged traders.

While 2025 is expected to be the cycle top, some believe it could come earlier, possibly by mid-Q2. Regardless, having a solid exit plan is crucial. Dollar-cost averaging (DCA) out of the market—selling in increments rather than all at once—is one of the best strategies to lock in profits and avoid being caught in the hype.

The Bottom Line

Predicting the exact top is impossible, but a sensible range is likely between $100K and $200K. The key isn’t just guessing the top correctly—it’s ensuring you sell at levels that secure life-changing gains. After all, what’s the point of making a fortune on paper if you never cash out?

So, where do you think Bitcoin is headed? Let us know your cycle top predictions in the comments!