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Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022
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Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run.
The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are.
Bitcoin has had its ups and downs this year, but as Cointelegraph reported, BTC/USD has all but copy-pasted its 2017 fractal all along.
Fresh analysis delivers the same conclusion — and for those concerned about Oct. 27’s drop to $58,000, even this is nothing new.
Astonishingly, the dates of price phenomena in September and October 2021 practically match 2017. Popular Twitter account Smart Crypto, which noticed the trend, called for an “explosion” in time for 2022.
Utilizing Fibonacci sequences, should the
Read more on cointelegraph.comAbout this in other media
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