Bitcoin (BTC) may exist over seven times higher than at its last halving, but if history repeats, that number could abound some other 300% and more.

As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates but by post-obit historical precedent.

Bitcoin: Compared to 2022, y'all ain't seen zero yet

Bitcoin currently trades 7.3 times its price since the halving in May 2022. If the final halving cycle is anything to go by, withal, price action will not cease until it is 30 times higher.

The information relates to the roughly four-year halving cycles in which Bitcoin has exhibited identical behavior since its inception.

The current bike, despite impatience from some traders, remains closely tied to the previous two.

Taking 2022 as an instance, the next BTC cost summit could be every bit much as $253,800 — and even then, Bitcoin would even so exist acting within previously defined parameters.

Ecoinometrics likewise includes data on Ether (ETH) and its performance relative to the stage of Bitcoin'due south halving bike.

The largest altcoin saw much larger comparative gains relative to Bitcoin — 120 times its halving price marked concluding bicycle'southward superlative in 2022.

Thus, a repeat performance would mean ETH/USD trading at $22,300 — again non beyond the realms of possibility.

In terms of what the subsequent bear market could bring, Bitcoin would need to bottom out at effectually $42,000 to re-create its post-2017 correction. ETH'south price, on the other paw, would fall to $1,347.

Bitcoin and Ether post-halving functioning nautical chart. Source: Ecoinometrics/Twitter

ane BTC = ane BTC

If such sky-high figures are hard to cover, they stake in comparison to what well-known data annotator Willy Woo at present believes.

Related: Bitcoin retests back up, with trader forecasting BTC price dip to $55K

In a tweet this week, Woo reiterated that this Bitcoin halving wheel would be unique in 1 specific way: Information technology will end in things being priced in BTC, not Us dollars, as using anything to measure BTC value volition exist pointless.

"What'southward my prediction for the top of this bike? Since I retrieve this is the last cycle, the 1 that takes us to saturation, which if information technology wins, nosotros can't put a USD value on it because things get valued in BTC," he wrote.

"Thus the wheel summit is easy to selection. Information technology volition be ane BTC = ane BTC."

A separate post noted how shut Bitcoin was getting by market capitalization compared to U.S. dollar M2 supply. The situation in the next 5 years — the residue of the current cycle and start of the next — he commented, will be "very interesting."