The well-known X account “Bitcoin Archive,” which is devoted to all things related to bitcoin, including its price, has projected bitcoin prices that are similar to those of bitcoin enthusiast Max Keiser.
“Bitcoin Archive” has given a detailed explanation of why they think there’s a good probability the top cryptocurrency may rise to an even more astounding $220,000 level and beyond in the next 18 months.
A snapshot of a Bitcoin chart that illustrates the price increase of BTC following each of the three halvings that the cryptocurrency community has seen thus far was released by “Bitcoin Archive.” 2020 saw the prior one take place.
https://x.com/BTC_Archive/status/1726951332211458238?s=20
The price of Bitcoin increased dramatically following each halving: following the first, it increased 94 times to reach $800, and following the second, it increased 30 times to reach $11,000. Following the third halving, the price of Bitcoin surged six times, reaching $69,000.
According to the Bitcoin-dedicated account, Bitcoin may breach well over the $220,000 price threshold if this climb continues and the price jumps by six times again. Nevertheless, a lot of analysts think that the US government’s unrelenting money printing, which began in 2020 to boost the US economy in the battle against the epidemic, is mostly to blame for Bitcoin reaching its all-time high of $69,000.
Cryptocurrency prices for Bitcoin are now $36,414, based on data from CoinMarketCap. If Bitcoin grows six times further, it will reach $218,484 per coin.
