Topic: Will we see repeat of 2017 or new trend? (Read 534 times)

I have given you many articles, there are some traders who say that the price can reach more than $150k in 2024, what they claim is that it could be at the end of 2024 more or less like this date , but that's what they say, I'm not very I'm fine with the Technical Analyses , because I don't understand many indicators, it also requires a lot of study, but you have to see that when analyzes are made of other years, if the patterns are met, it is likely that it will Rise Again, but by how much? and when? It is not known, it could be a lot, it could be a small rally, but the possibility is there.

We have all seen the Range that can rise , but not the correction that can be made and that can happen without a doubt, but it all Depends on how the bears in the world sign, you can turn and look back and the things that happened in 2020 no They are the same as those of 2023 and close to 2024 , and that also affects , everything can be used as a guide, but nothing is written, any thing can happen.

I would say exactly for that reason that 2019 (or 2015 for that matter) is quite similar. But I think we are getting to that 2020 year now, in less than 2 weeks or so we will have that 2020, and if you go back and check 2020 you will see that it was an alright year. I mean surely it wasn't anything insane, and I honestly do not expect it to be insane neither, for 2024 I mean, but I think it is going to be fine, and that's the most important thing.

I believe that we can't really change much on the long term and has to do something that will be a lot better. I feel like it is not going to be all that easy at all, it is going to be quite a difficult process and we need to make sure that we can make it work one way or another. I hope that people could see the difference between the years, and expect a 2020 type of increase, a good chunk and a decent one, just not a lot.

back when BTC rose to $20k back in 2017, some altcoins like XRP also hit ATH to $3 which didn't happen in 2021. it did disappoint the holders of XRP as it should have gone more than $3 because it's the cycle as expected.

this could only mean that there will be altcoins that will be left out in every bull season. most probably the altcoins that rose to its ATH in 2021 might not perform well in the next bull market. just my opinion.

History is often repeated by bitcoin whereas all other coins gets diminish as the time goes therefore trusting bitcoin is a wise decision instead of selecting altcoins which can be a big cause of your defeat.

Last time bitcoin was 69k$ and we are all in hope that this time price will surge more to proceed above 69k$. Every coming halving is well protected than former one therefore it is assuming that very soon bitcoin will procure the worth of 70k$.

From bitcoin investment everyone will reap their bonus so instead of predicting what is better or what is inferior gather more bitcoin as you can and also remember that if you are in patience for falling off price for accumulation then you will not see stimulating featurs of bitcoin.

December 2017 was a cumulation of the post Bitcoin halving rally from 2016 and it ushered in an astonishing ATH of $19k+. It was glorious and unbelievable season for Bitcoin. Most analysts never saw that coming too. Many naysayers were proved wrong that year. That was a bubble year and it brought so much attention to Bitcoin.

If we're going to have an honest comparison, it shouldn't be December 2017 and December 2023. 2017 was a post halving year while 2023 is a pre-halving year. If anything, the comparison should be between post–halving years (2017 & 2025) or pre–halving years (2019 & 2023). Comparing 2023 and 2017 is a handicapped one.

Well, I couldn't say it will be the same but if we talk about the existence of long bearish, and short pumps, that is still something to experience. We can't change the market sentiment as it remains unknown to use for what exactly gonna happen. After seeing the price of Bitcoin jump over $40,000, I was happy but not to the extent that I was looking forward to seeing ATH this year. ATH is way too far from now, we wait a few months after halving, that is what people are predicting and I agree with that.

That is while we don't have to use 2017 bitcoin price to reference 2023, because the adoption of bitcoin in every year always come differently, I said that we have to understand that adoption of bitcoin today will be totally different from the adoption of bitcoin next year, so I believe that bitcoin price is something that have to do with demand and supply and for the price to remain constant or remain increasing that means their is more demand in bitcoin or cryptocurrency generally, so I believe that we have to understand exactly the difference and the variation of quantification of bitcoin in 2017 and bitcoin in 2023

Expect always the unexpected on which there's no assurance that past events would really be happening in the future. This is why you should really be that mindful and be wise on every actions that you are making.

We would see a repeat of 2017 or not? Doesnt matter much and there's no way on knowing on what would be the future looks like.Thing here is that you should really know on what you are doing.
Making up wise decisions basing up into your own experience towards the market. We do know that adoption rate and recognition is really that increasing then we can assume out that the
numbers might really be that different wayback into those previous years. New trend and new prices would be most likely would be seen and this is something
inevitable i should say.

This is why it would really be that wise or good to bag up into those coins on which you do see that it does have that chance on rising up its value
on upcoming years to come.

The market will definitely be different this time from 2017. Now we have passed 7 years for that time, people's perception about Bitcoin has changed. At that time the price of Bitcoin was low and the number of investors decreased. Currently, the price of Bitcoin has increased and the number of investors has also increased to a large extent. In addition to ordinary investors, institutional investors also showed their positive attitude towards Bitcoin. Next year 2024 Bitcoin is going to show the highest ATH ever. Potential ETF approval and Bitcoin halving could lead to big changes in Bitcoin prices next year. Although it cannot be said for sure about ETF but Halving will definitely play an important role that will differentiate it from all previous trends.

your chart shows a clear deviation
2017=2021
2018=2022

2019= 2023 this is the deviation

first three quarters match fourth quarter is a total mismatch

2019 2023
Q1 +12.  +72
Q2 +159  +7
Q3 -  11.  - 22

Q4. +63.    -13. this is a huge pattern change.

I would argue the first three quarters are some what simalar.

I would also argue the op’s question is senseless since

2017 > 2021 > 2025 is the proper four year cycle.


comparing 2017 to 2023 is wrong on so many angles it is hard to even think what the op meant.

I think we are in a new era with new issues. But that this year matches 2015 a lot.


which means we get to 48-50k. and profits are taken in jan.

Forget the chaos of December 2017. This time it will be different. Spot ETF is something that will change the future of Bitcoin and it's not like someone or some group out there is pumping Bitcoin. I am speculating that these are all real investors and mostly retail buyers which is good for the future of Bitcoin. It must be scattered to many people so that it won't be manipulated by anyone.
Also, take a look at the market of Bitcoin, unlike 2017 is not pumping like crazy. It's slowly getting there and with a history of $60k ATH, we are still far from reaching that. The demand will be higher once ETF is approved and I guess all we can do now is prepare. Accumulate more, buy more, and HODL. I don't think we can doubt Bitcoin at this point. It has already proven it can increase in value so many times, it's just people who keep on getting confused about it.
Let us not let those big investors take it all, we must be a part of it, and that negative view about 2017 will be gone.

Bro, it's not about the 4-year cycle it's about the cyclical movement and sentimental developments, according to the current market scenario and movement and the developments expected in early 2024 we can say the main Bull run waive will be around late Q1 of the 2024 and 2025 will be a bullish year but just some early months and that will be the ending time of the Bull-Run.

I'm thinking so high after a healthy correction we can expect only a single last wave of the Bull in 2025 because the market doesn't need to follow the 4-year strict timeline to cover a cycle, it may range between the 1.5 years to the 4 years, but TBH I think maximum potential of the Bull run will be in the 2024 Q1 and early Q2. Maximum Bull rally lasts 7 months to 11 months and we are in early Bull wave already so expect the Sep or OCT 2024 will be the lowest Bull point, from where a last strike may happen. It all depends on the market developments.

If we will stick on the 4 year principle, then history won't repeat it self this year, which is becoming now in to reality, because the year is already ending, and up until now, there are still no new ATH that came in, but the price we have now is only much better than what we have on the 2017 bull run.

A bull run is when the price of the cryptos are rising, so it's no brainer on why the people are so positive when that moment comes. If we are not sure that the last ATH will double on the next ATH, then we shouldn't expect for it. You are right that the next bull run would be on the year 2024-2025 but I prefer 2025 if we follow the 4 year thing that I said earlier. A 4 year gap was actually a long wait.

Heres old screenshot from 2021, nothing select just found it randomly now and its a similar price to recent BTC movement:

August 2021 so 28 months ago, we walk a long way in circles to come back to where we were previous.   Main point being old pricing is highly relevant to determining our current progress but its never a repeat after all its not the first time its now encumbered with far more volume then last times we walked through these parts.
   2017 has some relevance but I think the actual prices similar to now are more important then 6 years ago.  The whole phase shifting out of end 2020 is where we should start our attempt to draw a parallel to moves now.   Even the same prices cannot be said to duplicate as Dollar every year for sure loses value.  The high of August 2021 for Dollar index was 94 and we're now 102, I just look for us to pivot around 100 and to be full speed ahead we are probably going to need DXY to register under 100 and the speculative trends to favor Dollar outflow not any attempt at Dollar strength.  Even if thats in FIAT terms and USD loses value above or below still I still would watch that for sentiment vs speculative assets which BTC is classed as.

Our current highs are about the closing weekly lows of Aug and Sept 2021, it fell back then and found support around here.   So possible resistance 43.3k, also its 50% fib retrace of the ATH to following low.  We are mid way in those two polar opposites.

What happened in 2017 was after the 2016 halving has taken place, it was not a year that came before the bull run but it was after the 2016 halving. So in this case, we are expecting an halving event to take place by next year, so the market looks very bullish than it looks bearish. So I am not expecting the same thing that happened in December 2017 to repeat itself now. Some events could just be coincidental but it is not actually what the market will be looking up to.

Its been how many years since 2017 now? Do you know that many people are fully aware of Bitcoin compare to 2017? So I expect things to move differently this time and its already showing it, right now Bitcoin is far more bullish than ever, not as weak as the past years anymore.

I do have a concern, and that's about the ETF approval, I am wondering what can happen after the approval is over, price will suddenly rise to the top but what comes next is  unknown and it can catch people off guard.

Its Better to start planning on how to take your profits right now instead because many people will fall for the FOMO, they will think its never going to end and they will be trapped, avoid greediness, profits that's not secured is not profit.

It's going to be very different every bull run though, December 2017 height was most likely trigger by the CBoE and CME if I'm not mistaken. 2021 there's no trigger point except that we are in the pandemic that time and everyone is investing or putting their money on bitcoin as a hedge and there a prediction modelling, the S2F that says we will hit $100k but it didn't happen but still the market remain bullish up to $69k.

So in 2024-2025, there could be a different form of trigger, perhaps it could be the Bitcoin spot ETF approval. Maybe we will not get one approval, but a series of them who have application in the review process already and that they are all waiting for the SEC.

We can make patterns but doesnt mean that it would really be the same.I do agree into those sentiments above is that we are really that a fan on trying out compare those things in the future into the past
on which it is a normal approach but we should really be at least that realistic that things that would happen in the future wont really be totally the same because of those several factors that we do know.
Specially when it comes to crypto adoption which it is really indeed different. So we might be expecting prices to be that high but since the adoption rate and recognition is much lesser compared into those previous years
then we might not really be able to see some serious shoot up in price.

Now that we are fast approach with the halving event then we might be seeing some patterns but doesnt mean that it would really be following on the same path but well we do know that in a market
if it doesnt go up then it would go down vice versa. This is why if you are an investor or trader then you should really know on what are the things that you should gonna do.

Yes as far as the market conditions and the events lined up it looks like this December will be bit different than what we witnessed during December 2017 and actually it's a good sign that we have seen so much of price movement even before the bull run which has triggered more investments which will act as shield even if we have couple of minor price corrections before the bull run. But as you mentioned towards the end of your response that we cannot merely go by expert opinions as they are just speculations and some low cap coins does swindles based on their predictions because of the followers cashing in, now majority of us are awaiting for two events one is Spot ETF & other one being Halving.

What happened in 2017 will not happen again in 2024 because they are different times. What will happen in 2024 halving and bull run, there is a high chance that it can be better or it can be even worse. So that seems vague, in my opinion.

All the patterns seen by expert traders in the field of cryptocurrency are just speculations; they only become true when the majority believes them and they happen at the right time. And that's how it always happens, right?