Comparing 2013-17 and current price cycle

[cointikka]

Bitcoin surpassed the $12k mark today. 

Comparing 2013-17 and  price current cycle. 

1 - In previous cycle,  it started with 1200 usd as ath. 
2 - It went down to 330, people thought it's bottom. 
3 - It's rocketed to 640(half of ath), so people were convinced that 330 was bottom. 
4 - But,  it crashed to 160 from 640!!!  

1 - in this cycle, ath started 20k usd. 
2 - we went to 3500, many say this was bottom
3 - it has rocketed to 10k (half of ath), so people convinced that 3500 was bottom. 
4 - ??? 🙂

Please let me know if I did some mistake

P.S - ath is all time high

[williamshennie9]

I only started really focusing on bitcoin in 2017, when it became mainstream. I wish I knew about it earlier so that I could have bought some when it was still very cheap (some would say worthless). If only we all knew back then.

[nattekut]

Personally think it didnt bottomed yet. I think if bear market comes back once before it hits its previous ATH then I think it can go to a 2,000-2,500$ value. But if this happens and even if there is one more huge retrace than the next run will go that hard and will be never seen before. 

[Kate]

It is like what happened between 2013 to 2017 that is the huge rise is being done again but this time the time period is much much shorter like maybe one year it would be i guess.

[Kippo]

I don’t know too much about the price charts but by analyzing chart history, btc price will still up in 2019 but it can fall down in September and October . When November and new year price can be up a lot 

[DreamStage]

There are certainly more happenings in between your statements as you have to provide specific speculations that also bumped prices in many more specific dates.

Maybe the $18.000 was the biggest change of everything else where all other coins / alts started getting bull runs as well                   

[cointikka]

What I meant from the last statement was that Bitcoin price can go all the way down to $1600 or $2000, if we follow the previous pattern. If I am correct then the bottom is yet to come, when it will happen I do not know. It might happen this year around September or October. If not the next year January or in February. 

As we all know this is crypto and anything can happen, so keep a close eye on Bitcoin price.😀

[Etude]

We shall we what really will the price end up as and also will history repeat what happened in late 2017 again for Bitcoin towards the end of the year 2019. How exciting to think of how it would play out.