True, we did remember that last time, when S2F model says that the price is going to hit $100,000 in 2021. Although we did reach and close to almost $70,000, but after that it's too big of a barrier and so we didn't get to that price.
And then we have another bull run here, and so that will still be our best target or at least the minimum to hit. And there are even highs as $200,000 to be that next bull run all time high. But so far the highest we got is $73,000 so that 6 digit barrier remains to be the biggest psychological barrier that we have to break in the history of Bitcoin. So let's see if the cycle or prediction can hold true in 2025.
The urge for bitcoin reaching the six figure price has been on going for a too long since the last bull run but I will say we are definitely close on to it this time around, this year has been more of a ranging year with the upward momentum only experienced in the first quarter of the year which was before halving period and since then it has been ranging, personally it is this ranging that has lowered my expectations for the year I have even been optimistic about a six figure price when we had a new all Time high but for now my expectations are that will break the all time high price and create another one this year with the price been around $80k to $90k.
I remember the same urgency in 2017, when we all say that after reaching almost $20,000, and with all the hype of CME and CBoE Bitcoin future contracts, we will be heading to $50,000. Unfortunately it didn't happened, but we did achieved that price in 2021 and we have $69,000++. And then the cycle repeats itself, with prediction that time that we will reach $100,000.
This doesn’t mean we cannot get a six figure price this year but With the world economic facing potential crisis from this Iran Israel saga it is better to lower one’s expectations. But year 2025 is optimistic a year we get to reach the six figure price
And with that, everyone is now seeing this pattern and that's why we are all predicting that a six figure is really possible in this bull run. But it will take some time as we have geo-political noises like the imminent war vs Israel and Iran's proxy, the Hesbollah and it could affect us in the negative way and it might slow down that parabolic rise this year.