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The next peak would arrive sometime around October 19, 2021 and Bitcoin price set target at $325.000

Bitcoin price recently set new highs for 2020 but has since dropped to just under $ 12,000. However, Bitcoin is still slightly ahead of plan; this means that BTC still has many more downsides before the bull run begins. That doesn’t matter in the end, though, as the same forecast drives the cryptocurrency to a peak of more than $ 325,000 in less than two years.

Bitcoin price could over-price, the trajectory to the next top is watching ahead of the plan

Bitcoin, at this point, may have bottomed out. If the initial drop to $ 3,200 isn’t enough, buyers won’t let the cryptocurrency set a lower level even on Black Thursday amid panic caused by the COVID-19 pandemic.

Since then, Bitcoin has been on a steady uptrend, recovering entirely from those lows and then some. The Bitcoin halving event is now over as well, and Bitcoin is not as bullish as some speculations suggest that this will have a significant impact on already scarce supplies.

Former Google engineer Vijay Boyapati and some leading industry analysts believe that Bitcoin is following a four-year cycle driven by this milestone. The hype surrounding the Halving helped Bitcoin recover $ 9,000, then spent a few months consolidating below resistance.

The breakout of resistance at $ 10,000 triggered a FOMO rally above $ 12,000 based solely on momentum. The move higher, Boyapati said, pushed Bitcoin’s price slightly earlier than planned compared to the previous four-year cycle.

According to Boyapati, if Bitcoin were to follow the exact final cycle, the price of BTC would be trading around $ 10,800. Currently, BTCUSD is trading around $ 1,000 higher after a pullback that started after establishing a local top at $ 12,400.

Similar data calls for Bitcoin’s price to set an all-time high somewhere on Christmas Day – a gift for crypto investors to get past the long crypto winter and market bear.

bitcoin-price-set-target-at-325-000

BTCUSD Long-Term Trajectory and Schiff Pitchfork Tool | Source: TradingView

If Bitcoin continues to follow this path, and until now, the next peak will come around October 19, 2021. The goal? $ 325,000.

Such a lofty goal, and going from $ 10,000 to over $ 300,000 sounds impractical. However, at that value, the market cap of the cryptocurrency will be just over half of the gold. Adding the Schiff Pitchfork to the same price trajectory also seems to mark the expected peak correctly.

The same four quadrants of the instrument also act as support and resistance for different phases of the last two market cycles, suggesting that there is at least some probability for this to continue.

If the peak is close in mid-October as this trajectory predicts, then the four-year cycle theory will be proven, and the whole world will know to buy the next bull run.

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