Bitcoin's annual price trends reveal its uneven growth. During Eid al-Fitr in 2011, Bitcoin traded around $3, followed by $5 in 2012, and a significant jump to approximately $100 in 2013. The price reached $450 in 2014 before falling back to $280 in 2015. By 2016, it recovered to $660, and in 2017, with the expansion of the crypto market, it climbed to $2,550.
Since 2010, Bitcoin has seen a surge of 117,000,000%. This volatile trend continued in the following years. On Eid al-Fitr in 2018, Bitcoin's price was around $6,650, followed by $7,400 in 2019, and $8,700 in 2020. In 2021, the price soared to approximately $45,400, then dropped to $38,000 in 2022 and $27,100 in 2023. The price rebounded to $67,500 in 2024 and is projected to rise to $83,500 in 2025, before settling near $70,500 in 2026.
As of 2026, Bitcoin's price around Eid al-Fitr is projected to be near $70,500. This implies a 117,499,900% increase from Eid al-Fitr in 2010 to 2026. However, the latest price is still below the $83,500 mark seen during Eid al-Fitr in 2025, indicating a 15.57% decrease in year-over-year comparison.
Using Eid al-Fitr as a fixed annual reference point clarifies the long-term trajectory. Investors buying Bitcoin on Eid al-Fitr each year may not enter at the lowest point of every cycle, but some purchases occur before strong rallies, while others happen during periods of overvaluation or market corrections. Nevertheless, the timeline indicates that Bitcoin's long-term trend remains upward, despite experiencing multiple downturns.
Many Bitcoin treasury companies have attempted to implement strategies for regular Bitcoin purchases. Among them, Michael Saylor's strategy (formerly MicroStrategy) has emerged as one of the largest corporate forces in the Bitcoin market. As of now, the company holds 761,068 BTC, representing approximately 3.6% of Bitcoin's total supply, according to the latest filings.
This strategy has cost approximately $57.61 billion to build the position, with an average purchase price of $75,696 per Bitcoin. The company began its Bitcoin treasury strategy on August 11, 2020, by acquiring 21,454 BTC for about $250 million, and has continuously expanded its holdings through subsequent market cycles.
Currently, the market conditions for Bitcoin remain bifurcated. In the short term, Bitcoin is trading significantly below its all-time high of $126,200, suggesting the market is still in a consolidation phase. This backdrop leads some analysts to believe that the current price may not yet be the final bottom of this cycle.
Looking ahead to next year's Eid al-Fitr, Bitcoin's trajectory may depend not only on Federal Reserve policy but also on the progress of regulatory reforms in the US crypto market. While the GENIUS Act became law in July 2025, the CLARITY Act remains delayed in the Senate, leaving broader crypto legislation unresolved.
Meanwhile, Citigroup has lowered its Bitcoin price target to $112,000, partly due to the slow pace of US legislative progress. Concurrently, the Fed's projections for March 2026 are also influencing market sentiment.