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