The price of Bitcoin on Eid is a great way to see how it has evolved over the years. Bitcoin was trading at $0.06 in 2010 on Eid. In 2026, Bitcoin will be worth around $71,500. The asset went through several cycles between these two points. These included rapid rallies and sharp drawsdowns as well as long periods of consolidating.
This uneven growth is evident in the year-byyear chart. Bitcoin was worth $3 in 2011 and $5 in 2012. It then rose to $100 by 2013. Later, it rose to $450 before dropping to $280. In 2016, the price had increased to $660 and by 2017, it reached $2,550, as the crypto market expanded.
Bitcoin Record 117,000,000% Rise Since 2010.
The sequence was followed by another period of volatility. Bitcoin was trading at around $6.650 during Eid 2018, $7.400 in 2019, and $8.700 in 2020. It soared up to $45,400 in 2021 before falling to about $38,000 in 2020 and $27100 in 2023. In 2024 the price rose to 67,500 dollars, then to $83,500 dollars in 2025. It is now nearing $70,500.
In 2026, Bitcoin will be near $75,000 at the same time on the calendar. This means that Bitcoin’s value has increased by 117 499,900% from Eid 2010 to Eid 2026. The latest reading, however, is below the $83,500 that was recorded at Eid 2025. This means Bitcoin has fallen by 15.57% on an annual basis.
Eid can be used as a reference for the longer-term trend. The buyer who bought Bitcoin every year at Eid wouldn’t have been able to enter the market exactly when it was lowest in each cycle. Some of the purchases may have been made before big rallies while other would be during periods with high temperatures or broader corrections. The timeline still shows Bitcoin’s upward trend over the long term despite its repeated drops.
This is a move that many BTC Treasury firms have tried. They buy BTC regularly. Michael Saylor’s Strategy (formerly MicroStrategy) remains one of largest corporations in the Bitcoin marketplace. According to the latest information, as of today, Michael Saylor’s Strategy holds 761.068 BTC. This is equivalent to approximately 3.6% of Bitcoin’s total supply.
The average price per coin at which Strategy purchased these coins was $75,696. It began the Bitcoin Treasury strategy in August 2020 when it purchased 21,454 BTC at a cost of $250 million. The firm has since continued to grow its position by utilizing market cycles.
Bitcoins current setup still shows two sides
In the short-term, it is not so clear what will happen in 2026. Bitcoin’s price is well below the reported high of $126,200. This means that market correction is ongoing. Some analysts have argued that the current price may not be the lowest of this cycle.
Bitcoin’s future may be determined by the Federal Reserve’s policy and whether or not broader reforms to U.S. crypto-market structure are implemented. The GENIUS Act, which became law in July of 2025, is now in effect, but the CLARITY Act has been delayed by the Senate. This leaves the wider crypto legislation in limbo.
Citigroup, meanwhile, has lowered its Bitcoin goal to $112,000 in part due to a slower legislative pace in the United States. The Fed’s projections for March 2026 still indicate that there will only be one rate reduction this year. However, some brokerages are expecting a decrease in rates later in the 2026, if the inflation slows down. Rate cuts could be implemented before the next Eid, and CLARITY act may advance. Bitcoin’s policy environment would then become more favorable.
Crypto Patel, a market analyst recently described one of these scenarios. He said that the trendline which had been supporting Bitcoin since 2023 was already broken in his chart weekly analysis. In his weekly chart analysis, he said that the ascending trendline which had supported Bitcoin since 2023 has already broken.
Source: X
Patel, using Fibonacci levels, placed three accumulation zones at the bottom of the chart: $56,611, $40,193 and $34,499 According to this view, Bitcoin may still experience a deeper drop before entering a wider recovery phase. If these levels remain stable over the long term, then his targets will be $150,000, $250,000. and $350,000.
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