However, this dip was short lived. What followed was an almost 600% increase in price to the 2017 peak over 91 days. If you were to extrapolate that to today’s chart, we get a sharp run up to $170,000+. Obviously the market conditions are very different to 2017 and such a parabolic run is unlikely with the market cap being substantially higher. It is not totally unrealistic though. The world’s biggest bank – J.P.Morgan estimate the long-term theoretical Bitcoin price at $146,000 and fair value for bitcoin in risk capital (i.e. risk-adjusted) terms around $37,000. This lower boundary looks like good support with whales buying aggressively below these levels. J.P.Morgan has historically been on BTC . More optimistic figures such as Cathie Wood predict BTC to reach $500,000. Expect another bull run before the next bear cycle.