Bitcoin (BTC) has already dipped below $60,000, but overall BTC price action suggests that the amazing 2017 bull run is still in play.
In fact, the current set of data comparing Bitcoin’s present halving cycle against its previous one shows just how exactly similar, 2021 is to 2017.
Bitcoin repeats 2017 moves
Despite Bitcoin having a rollercoaster of a year in 2021 thus far, BTC/USD has maintained being a direct replica of its 2017 fractal, with some people dubbing the year a “copy and paste” of 2017.
Now, recent analysis confirms the same assumptions, and draws same conclusion. Meaning that, those who are already worried about Wednesday’s drop to $58,000 can take a chill pill, as it is nothing unusual or unexpected.
Quite interesting to note also, that the dates of price events in September and October 2021 practically corresponds to what happened at around those times some 4 years back. Popular Twitter account Smart Crypto, who noticed the settings, has now said that an “e
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