Bitcoin’s Realized Price May Reach $171,000 to Mirror Past Cycles

Historical analysis reveals that Bitcoin’s realized price has historically peaked during major macro cycles at much higher levels. These peaks reached 165% and 144%, corresponding to Bitcoin prices of $70K and $100K, respectively. Following these surges, profit-taking often followed. To mirror those historical highs in the current cycle, the YoY Realized Price would need to increase by 82 percentage points, reaching a peak of 140%. Currently, with Bitcoin at approximately $94K, this translates to potential top around $171K. While historical data can offer valuable insights, it’s crucial to remember that models are not perfect predictors of future performance.