Canaccord Genuity analyst: BTC will return to the high point of 2017 at the end of 2017

According to CoinDesk, in a research report sent to clients by wealth management company Canaccord Genuity, analyst Michael Graham and others predicted that Bitcoin will return to the high point of 2017 at the end of the next 24 months. According to the report, the bitcoin price trend is strikingly similar between 2011-2015 and 2015-2019. Bitcoin's operating cycle is four years, because the bitcoin mining returns are halved every four years. Bitcoin has begun to form the bottom of the spring of 2019. If Bitcoin continues to follow the same trend, this means that Bitcoin will slowly rise back to an all-time high of around $20,000, which is theoretically expected to reach this level in March 2021.