Bitcoin (BTC) is worth more in 2022 than any other yr it has existed — and historical information suggests that its price will continue climbing for some other xix months.

Data uploaded to Twitter past fund partner James Todaro on Feb. 21 reveals that in terms of volume-weighted average cost, 2022 is Bitcoin's best year always.

BTC book-weighted boilerplate: 2022 biggest year

The volume-weighted average calculates the Bitcoin price over a sure period as a ratio on the basis of trading.

For 2022, the average for BTC/USD is $9,120, according to Todaro's calculations. This is higher than fifty-fifty 2022 when the pair reached its current best high of $twenty,000. For that year, the volume-weighted average was $6,125.

Curiously, the metric actually produces a higher value for 2022, despite this being the twelvemonth that Bitcoin spent in a near-abiding bear market bottoming out at $three,100. 2022's average was $vii,657.

On the surface, 2022 was much more than successful in terms of spot toll, only Bitcoin's volume-weighted average for final year was a shade lower than in 2022.

Bitcoin volume-weighted average price

Bitcoin volume-weighted average toll. Source: James Todaro/ Twitter

"It strongly suggests that most of the money that moved into bitcoin in previous years would take profited in USD if they held bitcoin to present date," Todaro commented on the findings.

Model forecasts 570 more bullish days

Looking ahead, information from previous Bitcoin bull runs likewise paints an encouraging picture for the adjacent year-and-a-one-half.

Analyzing Bitcoin bull cycles, the investor and trader known as CryptoKea claimed that their length suggests Bitcoin will keep growing for around 570 days.

In spite of markets dropping viii% last week, 2022 has been characterized by Bitcoin'south forcefulness. Twelvemonth to appointment, BTC/USD has gained almost 35%.

Bitcoin bull cycle durations

Bitcoin bull wheel durations. Source: CryptoKea/ Twitter

"During the last two #Bitcoin bull cycles, price bottoms and tops fluctuated around halving dates in an well-nigh equal ratio," CryptoKea explained.

"If this relationship were to hold true, we still have more than than 570 days of bull market ahead of united states, with a cycle top coming in around Sep 2022."

That deadline is similar to predictions from the increasingly pop stock-to-flow Bitcoin price model, which calls for an boilerplate $100,000 toll between 2022 and 2024.