on bitcoin late last year, now expects the leading cryptocurrency to rally to as high as $125,000 by the end of 2024.
That signal was triggered late last month after prices topped $31,000, the highest since June 2022. Previous signals occurred in August 2012, December 2015, May 2019 and August 2020, with prices rallying in the following years. "If history is any guide, bitcoin prices could climb by +123% over twelve months and by +310% over eighteen months – based on the average return of the signals triggered in 2015, 2019 and 2020. That would lift prices to $65,539 in twelve months and $125,731 over eighteen months," Thielen added.
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