# Bitcoin Price Performance and Future Expectations
Bitcoin investors and traders are always on the lookout for indicators on the future price movements of the digital asset. As bitcoin continues to recover from the recent price drop, many investors are looking towards the future. In this article, we will explore the on-chain analyst Will Clemente’s graph, which highlights the potential future price performance of bitcoin. We will also delve into the thoughts of the Dutch analyst PlanB regarding the 2024 halving cycle.
## Bitcoin Bull Markets Comparison
Will Clemente, a well-known on-chain analyst, recently shared an interesting graph on Twitter. The graph compares the price performance of bitcoin from the previous all-time high (ATH) in 2011 to 2013, 2013 to 2017, 2017 to 2021, and now in the current market.
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According to Clemente, the complacency phase similar to the previous bull cycles has begun, and the upcoming two years could potentially be very exciting for bitcoin investors. As the graph shows, the price action after an ATH is often negative or flat. However, it is usually followed by a significant parabolic surge in prices. At present, bitcoin is in the flattened part of the cycle (green line). If the digital asset follows the same pattern as previous cycles, it could potentially result in a significant price increase in the coming years.
It is crucial to emphasize that Clemente’s graph presents a hypothesis based on past price action. There is no certainty that bitcoin will follow the same patterns going forward. Past results do not guarantee future performance.
## Halving Cycle of 2024
While looking at future price movement, PlanB’s stock-to-flow (S2F) model has gained a lot of traction in the bitcoin community. The model is an essential element in PlanB’s price prediction. PlanB’s model uses the scarcity of bitcoin, the halving cycle, and the stock of coins to forecast the future price of bitcoin. Earlier this year, bitcoin’s price action did not follow PlanB’s model’s prediction. However, according to the analyst, “2022 was an exception, and exponential growth could potentially continue until ~50% adoption is achieved.”
PlanB believes that the 2024 halving cycle could be very interesting, and there is a possibility that bitcoin may revert to the S2F model line following 2022. However, he also identifies that the relationship between the halving and price may not be linear, indicating the diminishing return.
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At present, bitcoin is trading under a significant resistance level of $30,000. On the Dutch crypto exchange Bitvavo, the bitcoin euro price is approximately €26,781. While Clemente’s graph and PlanB’s model provide interesting insights, it is essential to keep in mind that they are based on past price action and assumptions. The market is volatile and unpredictable, and investors should always do their research and make informed decisions. As always, watching the price movement of bitcoin is exciting, and we must consider all indicators carefully.