Veteran analyst Miles Deutscher has called attention to a consistent Bitcoin price reaction immediately after each Bitcoin conference.
He discussed this in a recent analytical commentary today, shortly after the conclusion of the latest Bitcoin 2025 Conference. Notably, the conference, held in Las Vegas between May 27 and 29, featured industry leaders like Michael Saylor, as well as prominent personalities such as U.S. Vice President JD Vance.
Bitcoin Price Always Crashes After Each Bitcoin Conference
However, according to Miles Deutscher, Bitcoin price always collapses immediately after every Bitcoin conference. For context, the inaugural year of the Bitcoin conference, organized by BTC Inc. and the Bitcoin Magazine, was 2019.
Nonetheless, Deutscher’s chart presents the years from 2021 due to 2019’s minimal impact and the fact that 2020 had no in-person attendance as a result of the COVID-19 pandemic at the time.
Notably, the organizers pushed the date of the 2021 conference back to June 4 and 5 due to the pandemic. After the conference, BTC price collapsed the next week, dropping 17% from $35K to a low of $29K by July 2021.
Bitcoin Price Action After Each Bitcoin Conference | Miles Deutscher
Meanwhile, the 2022 conference held between April 6 and 9. At the time, Bitcoin traded for an average of $44,000. However, the week of the conference and the following weeks, the asset observed considerable declines. It hit a low of $17,593 by June 2022, marking a 60% crash from the $44,000 price.
Further, the 2023 conference in Miami held from May 18 to 20. Bitcoin changed hands at around $27,000 then but eventually slumped 8.3% to $24,757 by June 2023. Also, after last year’s conference from July 25 to 27, 2024, Bitcoin dropped 25% from around $67K to $49,577 by August 2024.
Bitcoin Observing Declines Following Bitcoin 2025 Conference
Interestingly, following the latest conference, this pattern appears to be playing out again. Specifically, Bitcoin opened at $109,474 on May 27, when the conference began. Since then, the asset has dropped 3.5%, currently changing hands at $105,543.
To put things into perspective, the average drop from all four rounds of declines amounts to 27%. If the pattern plays out and the firstborn crypto observes a decline to this extent, this could push its price below the $100,000 mark, potentially leading to $80,000.
However, another trend from Deutscher’s chart involves a recovery from the initial drop after the conference. Specifically, Bitcoin price has always recovered weeks after hitting a local bottom from the initial crash, with an average recovery rate of 120%.
Notably, a 120% rebound from an $80,000 price would lead to a price of $224,000 for Bitcoin, a new all-time high. This aligns with the $250,000 price prediction set out by industry leaders such as BitMEX founder Arthur Hayes and Cardano founder Charles Hoskinson.
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