Bitcoin is currently seeing a significant uptrend, with an approximate increase of 550% since its cycle lows during the FTX collapse in November 2022. If this trend continues, projections suggest that bitcoin could reach around $186,000 by the end of Q1 2025 and could possibly exceed $1 million by year-end. Historical cycles indicate that bitcoin often experiences dramatic price increases following its halving events every four years. Currently, bitcoin's price has surpassed $100,000, buoyed by shifting political factors and a renewed favorable sentiment in the market. Notably, during the past cycle from 2015 to 2018, bitcoin also saw similar increases from its lows. The analysis suggests that if bitcoin continues on this historical trajectory, the peak of the cycle could occur around October 2025, potentially pushing prices to $1.7 million. James Van Straten, a Senior Analyst at CoinDesk, emphasizes the alignment of the current cycle with past cycles, particularly noting the relevance of U.S. presidential terms in bitcoin's historical performance.

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