The last time we saw Bitcoin hit old ATH and make a new one, there was 10 months in that rally. Do you think we also have 10 months in this one to the next ATH? Before of course corrections and long term sideways comes back? I know everyone almost is saying this is a different period for Bitcoin but at the back of our minds we must all be wondering how long this lasts.
The previous rally lasted for almost 24 months and not 10 as you claim. By mid-2015, the exchange rates were fluctuating at $225-$250 per coin. The rally started from that point. Within the next 6 months, Bitcoin reached $400 per coin, and by the end of 2016 it was trading at $1,000. Then the rally gathered steam, and we hit $20,000 by the end of 2017.
In case of the current rally, the start date is Q2 2019. That's when the prices started recovering from the low of $3,300 per coin. By the end of 2019, the prices had climbed to $7,000. Within the next 12 months, Bitcoin was trading at $28,000. For the first two months of this year, the prices have increased by almost 100%. The same figure is around 110% for 2019, and 300% for 2020.