According to The Analyst, Bitcoin (BTC) Might Repeat the History of 2017

Bitcoin (BTC) is at the same level as it was in 2017. Back then, it needed only 20 days to set a new record.

Image source: unsplash.com

According to the analyst 'Plan B' (@100trillionUSD), Bitcoin (BTC) is at the same level as in it was in 2017. Back then, it needed only 20 days to set a new record.

Image source: Twitter @100trillionUSD

However, if in 2017 the trend was bullish, today, the leading crypto has been trading sideways for the second month in a row.

Image source: TradingView BTC

The vitality is getting lower, which means that soon Bitcoin (BTC) might blast up or down. The trading volume has also decreased compared to the values of Spring 2020. All these facts state that neither buyers nor sellers are fully controlling the situation at the moment. Bitcoin needs to fix above $10,000 or below $8,000 so one could consider bullish or bearish trend, respectively. Bitcoin is trading at $9,209 at press time.

#BTC #Bitcoin #Bitcoin Price #Crypto Trading

Peter Smith E-mail

Pete is an expert in content creation with a passion for the global economy and equities market.