Review past predictions and new forecasts for the upcoming bull run.
Past predictions:
Not to toot my own horn, but when I look back at the predictions I made when I wrote this article, I’m pleasantly surprised at how accurate they were. To be fair, there are definitely some predictions that haven’t come true, and some that were completely wrong.
August 6, 2023:
BTC is $29,000, ETH is $1,825
BTC at halving: $55K–65K ✅ [Actual $63.9K USD]
ETH halving $3,000 — $3,500✅[actual $3,100]
BTC New ATH: $185k — $250k (12-16x lows) ⌛️
ETH’s New ATH: $18K — $25K (20x — 28x) ⌛️
Total Crypto Market Cap: $7–10T (3x) ⌛️
2026 bear market drop (BTC) 70–75% ⌛️
Timeline: "My base case scenario assumes that we see some sideways action accumulating into early next year, followed by steady modest price increases into mid-2024. I expect a full-blown bull run to begin in June/July 2024 and continue through 2025, before petering out by the fall of 2025, closer to September/October." ✅⌛️
January 2, 2024:
BTC is $44,100, ETH is $2,600
End of 2024: BTC $85,000–90,000 ⌛️
End of 2024: ETH 7,500-8,500 USD ⌛️
ETH will outperform BTC in 2024 ⏳
BTC and ETH spot ETFs to launch in 2024✅ ❔
Total Stablecoins in circulation will reach $750B to $1 Trillion ⌛️
New Price Prediction:
For the most part, the essence of most of my predictions remain very similar. Overall, I expect the bull market to heat up in the coming months and take a parabolic rocket trajectory into 2025.
The following forecasts are more of a high level highlights overview of my expectations. I used a combination of various metrics and multiples to come up with these forecasts, including ATL to ATH, Halving to ATH, ATH to ATH, and adjusted based on my expectations of an extended bull run and increased capital inflows.
timeline:
Early Bull Market (Warm): Mid-2023 to Spring 2024 (Now)
Mid-term bull market (hot): May 2024 to January 2025
Late bull market (overheated): February 20205 to autumn 2025
Bitcoin ATH Price Prediction:
ETH ATH Price Prediction:
in conclusion:
Forecasts are only as good as they get until they don't, and they should be used more as a means to create a framework for your investment strategy than as a specific goal.
Regardless, a perfect storm is quietly brewing in the crypto space that will lead to the most explosive bull run in crypto history. We broke out of the all-time highs for the first time before the halving, but sentiment remains stubbornly subdued and there is a persistent fear of a major drop.
We are nowhere near the euphoria phase of the bull run. When it arrives, you’ll know it through widespread calls for a supercycle and an up-only mentality, open-mouthed YouTube thumbnails, and the inability to find a coin that hasn’t 3xed in the last few weeks.
Happy halving. Liftoff is approaching.
Good luck, and see you in the next article!
