Bitcoin Forum

I saw this amazing chart in twitter and it is really simple showing an almost pattern since year 2012 - 2013.
I don't think so if it is really perfect one, but if you will compare from 2012 - 2013 and 2016 - 2017, they really got similarity and on the one where we are sitting right now. Since now we are now on ranging of $10, 000 price of Bitcoin, which it is also forming something similar pattern on previous years.


What's on your thoughts here? I really see some similar chart like this, comparing the previous years price actions to the present.

Its a very long term chart with alot of leeway in there is usually how I view this.  I've seen similar based off gold (vs dollars) that could have us waiting till 2023 or so for an uptrend, I do expect a more positive year in 2021 or 2022 but its too early to act like its a certainty rather then just a maybe.     I'd rather take this chart as a good basis to hold while we rise rather then expect a turn around while we are generally declining in price.

yeah that chart looks healthy.  I'm not huge on crypto technical analysis because there are so many other factors that apply to spikes and falls but i agree with the trajectory of the chart and its historical relevance.  Looking forward to the next leg up it shouldn't be too far ahead of us.

I'm also worried about what will happen once that trendline below will be broken and what we experienced before will not happen this time.
That's why my instinct is really scary for me since we always expecting only a positive way, we should also be prepared for the negative one.

Late 2021 and 2022 too if we really want to happen what happen in previous years. When we also base the block halvings, all-time-highs most happen after the block halvings.

There's a proof that history repeat itself and since this is just a cycle, many professional investors are seeing a good future with bitcoin and its also happening with the stock market.

Everyone here is just waiting for the right time for the next bull market, though the chart trend can't tell when it will happen I still believe that good and bad history will repeat itself, create strategies now and don't just watch those trends its better to ride with it.

Those two parallel lines could still be made even if Bitcoin wouldn't rise as expected or speculated. I am 100% sure that Bitcoin would rise above its all time high. It is just a matter of when. But we cannot be certain of what Bitcoin will go through before that happens. Its next 2017-like bull run may happen a few years from now or even 5 years. Also, Bitcoin could still fall to as low as $3,000 once again before that happens. There are so many possibilities in between history repeating itself.

I would not trust those trendlines, honestly very rarely do they work out in crypto or even stock trading. They are like Elliot waves, they look great in hindsight but for actual trading not very accurate at all.

What I like about the BNC index is that it follows the 200 WMA very well. I took a few spot long positions the last 2 times these levels were touched, back in Dec 2018 and March 2020 and both of these trades worked out. This is the only indicator that I would trust long term with BTC.

The 200 WMA goes up every week so it provides good support for the longer that BTC trades sideways, so currently its at $6800 and goes slightly higher. So if we ever break the $8000 support, most likely the $7000 area should be good support.

Actually it looks pretty ugly after the March crash. I don't think that logarithmic channel is going to hold for much longer.


I find the log trend theory and related 4-year cycle theory to be pretty tired. I don't think they will stand the test of time, and I also think they make people miss the forest for the trees:

i don't really like this type of speculation about the price using the past performances as they are not a guarantee for future trends but on every cycle i keep seeing the same thing repeated and i have already seen 2 of them. both the charts, the market and the market sentiments are exactly the same. predictions coming out from traders on this forum, reddit, tradingview and elsewhere are also pretty much the same as it were on similar times during each of those cycles.
so it is not just some pattern on the charts, it is dozens of factors that are the same as ever so it is a safe bet to say the same trend is going to be repeated too.

One thing to remember though that the market is very young and as such the data could be skewed to fit our narratives. Maybe in the next coming years or as we "almost" mine bitcoin, maybe some pattern will emerge. But with just a 10 year period, it's hard to conclude if history are going to repeat itself.

The 'four year cycle' could still fit in that logarithmic pattern, and yet there are proponents that as we go along that cycle at some point will diverge forming a new pattern, and then we developed a new "theory'.

It obvious that the band had acted well as a support and resistance the price had repeatedly bounced off on those zones in the past while a break in the trendline ensures another pump in price which is presently playing out now, the price of Bitcoin had been maintaining some level of stability in the past 60 days is a pointer to the fact history will likely repeat itself while other factors remaining constant bearing in mind that this is just a Technical Analysis price at times defies TA.

When everyone is thinking the same thing (in this case, moon) the opposite often happens. I'd be more comfortable if we had more "Bitcoin is dead" sentiment, like we had in mid-2015. We all know what happened after that.

To me, the March crash had the feel of a capitulation like January 2015, but we never had that long boring despair period that came afterwards. With so many bulls thinking a parabolic bubble is coming soon, I wonder if the market is setting up to disappoint them with a shakeout and months of boring sideways.

Now that it completes the arc going down I think it is time for the momentum going up again, at a recent time it goes up to $10698.82 USD but get back down again to $10,573.01 USD It didn't penetrate the resistance of $10,700 USD but In my opinion, it will surely skyrocket again as the graph predicted it would be, Or maybe it might be wrong as well but charts like these were the essential way to predict the upcoming movement of Bitcoin.

We can speculate all we want and its not new that these technical analysis about seeing the history or past movement then its no surprise that it would really form out a possible pattern which can be possibly connected
on what would possibly happen in the future.Im not really fan of to believe on such predictions but im not totally closing up my mind into those presumptions.

History repeats itself? Its neither Yes or No, because we can tell if this one would be precise if it did actually happen but for now then theres no other thing but to speculate.Yeah, we do have basis but not really a solid
foundation nor to be relied upon with your trading or investment decisions.

Ive seen lots of charts telling this and telling that but most of them do fail out to guess on what would be the next move.Some might able to hit up but most of the time they do miss.
This is why its better to trade with the current price movement and i dont care too much on what would be the future price movement.

2018 to about early 2019 felt like a 'long boring despair period' in th market. IIRC, the price hovered around 3k to 6k after the crash from the ATH in 2017, holding this range for a number of months and causing lots of bearish sentiments among investors and traders. March dump was probably not a repeated sequence in a pattern but just an effect of factors that influence the price.

I would not be too surprised if the market does not break through an All time high in the next couple of months, as people expect and as a couple of indicators have been pointing towards, although I expect we would see a new ATH within the next 2 years at most.

That is a thing I had worried about coz I know that most of us are thinking only the positive but truly unpreferred for the sudden drop if it comes. In fact, we can see how weak hands just throw their tokens right away when hearing bad news, I'm worried about how they respond when seeing the drops that we have experience in the past years.

Well, I'm not seeing history repeats itself but I also thinking WHAT IF? A thing that possible to happen.

January 2015
https://i.imgur.com/ZImc0VY.png

December 2018 & March 2020
https://i.imgur.com/midJdtw.png


Here is the chart for the January 2015 crash and March 2020, and also the December 2018 (I added the two in one chart).
Do you think instead of the March 2020 crash, they are have more similiary of December 2018 crash, where they are almost the same days when was the dump and the percentage of lost, which is around -85%.
They really got a huge similarity here, even after the 2015 January crash, after few months, the price of Bitcoin still didn't reach a new all-time-high, it's still neutral .

Many times that bitcoin attempted to rise like of this trend that we see right now, but in my own opinion I still monitor the daily trend whether it's positive or bad. Furthermore, history is quite hard to initiate a good outcome just like the historical years and I hope so there's a better chances that might happen next year or earlier. Since the world hasn't recover back to normal financial situation, I believed this dreams couldn't be achieved so easily.

each time that the same thing repeats, it will become stronger because each time more people know and expect the same thing to happen so they join in. when 2010 bull run happened it was very small but the next one was a lot bigger then we had a huge bull run in 2013. all for the same exact reasons.
then came 2017 and every thing repeated but this time a lot bigger than all the previous times and this time sooner too.
the thing is that from 2013 bubble burst until 2017 start of the bull run has been the same trend as we had since 2018 bubble burst until today and on a bigger scale with a lot more volume and a moderately faster recovery.

that's why i don't expect the next ATH to be that far.

Charts could be made to show whatever you want, there is no limit to what you can achieve with charts and what you want to say with charts, you can make it look like it is going just a bit up or just a bit down or you can make it look like it is going very high or dropping very low. You should definitely calm down and think of what you can do with the knowledge you have and not with the charts because if you focus only on the charts you see online, you are going to see everything.

I bet there is at least 2 people out there in the world right now who have successfully managed to make a chart one showing up and one showing down, same TA knowledge, same moment in time, both of them showing something else. This is why I believe there is really no reason to take them at face value.

We are all hoping that this year is not an exception and the halving is not an exception from what we've experienced in the past, we are in a stage where we are in a dilemma if history will repeat itself or we will have a different scenario, we are experiencing so many first right now, but I like that the community is more thinking now than supporting hype projects.

It doesn't matter to think that we will have days where the price of bitcoin will hit an all-time high again in the future because that would be good to increase our confidence in the price of bitcoin. But I don't think past history which may have the same pattern as today is the best consideration for making decision. Investing should not be like this because circumstances can still change as the market is determined by trader and investor. I think some people have a unique belief (instinct) in determining thing. I see this at times very similar to a gambler's belief in determining something before betting. Past history may repeat itself, but crypto investing must be adapted to the current market condition. We can't predict the future, but we can do our best to achieve something good in the future.

Look at what happened after January 2015. We had 9 months of sideways ranging at the bottom, an attempt to selloff to new lows in August 2015, then finally a reversal of the multi-year bear market.

That 9 month range is what I mean by the "long boring despair period." We didn't really get that after the crash in November 2018, just a couple months consolidation that was very quickly reversed. It never felt like despair, where the price stays so low so long that all the bulls give up. I never felt like the weak hands truly got shaken out.

That sentiment is one of the reasons why I like this multi-year triangle idea so much: https://bitcointalk.org/index.php?topic=5196072.msg55282472#msg55282472

Each extreme has been very quickly reversed, highly volatile. That's indicative of a triangle, which also implies more sideways ranging in the months to come. In other words, I don't think the long boring phase of the post-2017 bear market is quite over yet.

All of us didnt even expect that we would hit up $20k all time high and just expecting for lower levels but we did really able to reach it out.It do really give out that kind of boost of feelings
and confidence but actually opposite to those people who had been caught with Fomo where they do brought out coins into its peak state.If there were profitable people then for sure
there are lots who do lost money and this had been a norm with this market yet it do only compose with buyers and seller.On talking or mentioning about history is repeating then it can
really be either both ways neither it would happen or would not but basing of on the current movement then we arent really that far away but this would really be a bumpy ride
and will surely takes time.

I do think that in the financial world history repeats itself is not a good thing to say. Because in general, things do repeat the results, but the way it happens is almost always different. Just to give an example that everyone can understand, in 2008 there was a global crisis right? In 2020 there is one too? Now history does repeat itself and there is a crisis, but I have to say it is not the same reason and it is not the same path that lead us here, one was mortgages being high leveraged and the other is a pandemic.

Same reasoning stands with every little single small thing, even the same exact chart that resulted with one thing, may not result with same again, but the results could be same from two very different charts.

Exactly! You got it. It's just like also on the Bitcoin's previous all-time-highs. Although we did experienced them, but there is no specific time or exact time when did it happen. If we compare them, no exact days count on reaching a new all-time-high.
But for me, what happened in the future may use to become a basis in the future, use it as input in analysing some future data or do some speculation based from the past.

Chart is not a good basis as the market is always unpredictable, but looking at the adoption and the hype of the market which is still here, it's not unlikely to see an ATH anytime but also it could go the other way, either way, anyone could present a chart and say, "hey! there's a chart that it looks like a pattern in the past", so to make it short, my thoughts is just predict based on the news and the hype but always stay bullish as bitcoin is built for success. 

I remain optimistic no matter what happens to the market or even it runs back to where it started. 
We're seeing that some patterns are of the same in the past year it is because we are too volatile to hold everything in control. I only consider that the market repeats itself if it goes back to $1 and then starts to move back high again. Because we whole trend shows that we are following the zigzag line and definitely, we can see some similarities in it if we compared to the previous trend.

The finance story is a continuation rather then a repeat but I like the Mark Twain phrase, time dont repeat but we may find it rhymes.    The melt down and elements that caused it are still in effect as they were then, we phase shifted onto the currency itself or US treasury bonds rather then bank bonds and other derivatives.   Its actually more serious because a private company going broke might signal recession but debt default is normal in an economic cycle but a government suffering a crisis where their debt cost exceeds income means a loss of confidence nationally.  Its happened lots of time even in modern economies so it's quite likely, main difference is it could happen to the world's main currency but we might transition on peacefully possibly.
   Theres no way Japan government debt can be repaid that I've ever heard of and similarly in lots of seemingly rich countries, so theres hard default and soft.  The most obvious route or path of least resistance is nominal currency loses maybe 90% of its worth hence the debt is easy to repay, again not unprecedented.
   That all is part of the story behind the OP graph, its an exponential effect because 100k and other prices with any fixed value system is beyond belief normally.    If you get told off or laughed at for the idea, the pipe dream, is because normally that'd be correct but in a transformative situation its not normal anymore.
 The chart and situation is very long term, multiple decades possibly so its not something to trade off especially imo

You don't believe because you are not a trader or someone who don't know how technical analyst work, maybe. For those someone who know how technical analyst work they will believe it. We always find (especially me) the price movement will refer to the previous price movement. I don't know if you just use the fundamental analyst when you start to buy bitcoin, there is many situation where we got a good news and the price bitcoin was not follow what the news tell, even the price just act the opposite. Technical analyst will help you to find a good time to entry at least it will minimize the risk that you will be face.

another view would be when a lot of people think there is "moon" coming they are going to start buying bitcoin and speed up reaching to the "moon".

as for the "despair period" we already had that during the first half of last year and it was too long that it won't happen anytime soon on those levels. we may see short term despair from some people who lose money but that's about it.
by the way not that many expect THE bull run. there are still a lot of people who are either confused or think we are about to crash. there are still some smaller group who are waiting for the $1000 to come back!

I know that many of us here are very optimistic with regards to the future of Bitcoin's price and there are many proofs to it already and one is the charts.
Many are saying that history will repeat itself but will it happen again this time? Nobody knows.

I'd like to see the current long term trend of Bitcoin base on the chart to happen again so all of us will be happy :D but at the same time I'm not removing the fact that it might not repeat this time since anything can happen anytime. Just hold some Bitcoins :).

I am not much into following the patterns, but since some patterns are also met in the markets it is very possible, of course, the fact scenarios for those years are very different from the fundamentals of now.


When we see the S2F model of PlanB it is very similar to what it shows in OP.


https://i.imgur.com/i2oGRG9.png

Source: https://twitter.com/100trillionUSD/status/1314160853533569024 (https://twitter.com/100trillionUSD/status/1314160853533569024)

This model is one of the ones I like the most, in fact it has an expiration date and that is the best, because it does not become any pre-established tool.

Could be. I have however had more success being contrarian, and trading against the crowd.


Maybe. That's what I was commenting on though. We spent 2-3x as long trading sideways at the bottom in 2015.

I'm not saying things are supposed to play out exactly like 2015. It's just that the fast and volatile reversals seen in December 2018, June 2019, March 2020, and possibly now August 2020 are indicative of a long term triangle to me. https://bitcointalk.org/index.php?topic=5196072.msg55282472#msg55282472

If that interpretation is correct, then we've still got another swing down to go. This matches with my feeling that sentiment is a little too bullish for us to go to the moon yet.

Unfortunately in bitcoin world or maybe even in crypto world history rarely repeats itself to that magnitude. Of course, there are similar ups and downs in smaller scale but that doesn't mean the same thing will happen.

Let's assume there was something when bitcoin was 3 dollars, and that thing that happened caused it to go to 30 dollars, now that is a 10x increase and it is a great one for you, but let's assume we are at $10k, and same thing is about to happen, do you think it will be 10x once again? Reach $100k?

Obviously that is not the case most of the time, it will just go to $11k-$12k range because the same amount of purchasing makes it go from 3 to 30 also makes it go from 10 to 11 not 100. This is why there are resemblances but nothing that would be exactly the same as it was before.

But the current conditions are very different because of the pandemic, and if later history repeats itself then the cryptocurrency market will really have no effect on the crisis that hit the world. I really hope history repeats itself to prove, if crypto is a safe asset to have and of course, if this 10k is the lowest mark for a bull run it will hit a new ATH but I'm still curious and hard to predict.

We're still struggling with the closing highs of 2019 summer prices (https://talkimg.com/images/2023/06/12/AhaNN.png), it appears near term as indecision but could also represent the highs for the rest of this year.   The larger picture is bullish over years but theres so much space it can still go down for a year more, extra volatility could take us past 200 day average.

The volume is still low compare to its all time high on 2017 but I also believe that the history will repeat itself and the question is how and when. Bitcoin moves up trend despite of the situation right now, the pandemic helps the adoption with bitcoin and we can see it on volume, plus the good DeFi projects that attract many investors. I’m looking for more good history to repeat, when the pandemic is over and recovery started next year, we will see it.

By checking the graph,it's seems like a history repeat.Now the price of bitcoin was stable at 11300$,even it reduced from 11,500$.This graph are just a analysis to get to know when the price of bitcoin will increase or decrease.But the fact is,it won't predicted accurately by the traders all the time.So holding at oscillation will be better option.

Not because the movement is almost close meaning there are repeating from the past History because volatile market is near to happen more of this kind.

In the last years we commonly read about this "History Repeating it self" but after a while the movement go against what they expected.
so basically let us monitor the price closely and we will find that they are really different in some ways.

you are thinking short term which is very hard to predict in any market and near impossible in a volatile market such as bitcoin.
but the long term is easier to predict and i think those who are talking about "history repeating itself" mostly have that long term repetition in mind which makes more sense. for example if you look at the charts they have been very similar to the previous so called "cycle" with the bubble pop, a long downtrend, a long accumulation phase with sudden unexpected drops, the break-out and the small and slow bull market. this is the past 3 years and is similar to 2013 to 2016 hence the repetition. when we continue to the next shoot up and the next unexpected ATH this cycle will also be completed.

Unfortunately people are forgetting that while you think history is repeating itself, there are a million other ways it is not repeating itself as well. If one thing is looking like it is similar to something way back but there are other million things not, that is not repeating that is just coincidence and nothing more.

I believe bitcoin is not something that does something over and over again, it is a brand new coin compared to all other money forms and that is why we should be focusing on something much better and bigger to happen instead of looking at the history. I know 2017 happened and that is where you are stuck but 2018 happened too so instead of looking back and picking the best moments, focus on the future and how awesome it could get if we work together.

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

we will know when the corona virus ends and the vaccine is in circulation,
the development of cryptocurrency prices in the pandemic has been amazingly good, Bitcoin increases more than 100% after the drop to $ 4000,
and everyone thinks this will repeat history, but I see after the pandemic, whether Bitcoin will still be popular or not, we will know the answer

hmmm interesting so you think everything will repeat itself, but if it's like that we shouldn't have to worry if we want to sell in the long run.
the problem is when the market fluctuates that's what causes people to sell too much or buy too much which causes big increases / decreases.
although in the end everything will follow a pattern :D

I do not believe in technical analysis in general, and in crypto it is even more inapplicable  :)
In addition, I am more interested in other indicators of bitcoin development (acceptance by people, technical improvement, etc.) than price. But if we talk about the future of ATH, then it should be higher, at the moment the capitalization of bitcoin in comparison with other "global" assets is very low.
The only question is whether bitcoin will be able to develop in the required way to achieve this.

Do you really think bitcoin has been known due to pandemic? I think not men since for what I really though is this current health crisis affect bitcoins to grow, many people lose their job so most provably they cannot buy and stake with this current halving which by this event this could trigger a bull run. So maybe once the pandemic ends we can see some great price changes once people get back unto their feet.

It's all in the chart that proves the history will always gonna repeat itself no matter what is the price. After all, this is just an open market that can easily be exploited with the whales and we are just a small fish in the market. And since the Bitcoin halving just happened this year, expect it already that the bull market will come either this year or next year that's why people are starting to grab as much Bitcoin as they can. I bet those who losses a lot in the last bull run will try to take back what they lost.

history will indeed repeat itself, but remember that it all depends on the situation and the chart of Bitcoin itself,
we have been long bearish, and are now in a bullish zone, of course we all hope Bitcoin can reach $ 20000 and break through resistance,
and it is a sign the bulls are starting and history is repeating itself  ;)

All I know is if we break the last time all high then we can only get the real picture of another all time high, once the price of Bitcoin steps in at $20000 people can record officially the all time high how long will it stay there and what will be the correction price.

I highly hate the $20k mark, that has been reached once and ever since that day for the past 3 years everyone has been talking about how we are going to "go back to $20k" and that was it, nobody talks about $15k, wouldn't $15k be a HUGE increase?

It is almost 50%, what happens if we reach $15k before 2021 comes? That means from September to December in only 3 months or so, we would be able to reach 50% profit, there is nothing in the whole world that could give you 50% profit in just 3 months from the traditional markets unless you get so lucky that its one in a million chance, here it is not like that.

So, instead of focusing on the psychological $20k mark that we are having hard time going, let's focus on $15k, because ever since we went down from $20k, we also haven't reached $15k neither and that should be our first goal.

well this has been the entire bitcoin history!
price sets a new record (ATH) in a bubble, then that bubble bursts while everyone sets that price as a psychological barrier for themselves and keep talking about it for a long time until it breaks and we set a new ATH again.
as for the 50% profit, that's nothing in bitcoin world! we had 50% profits almost every couple of months during 2016 and 2017 and partially in 2015. the same has been happening for the past 2 years too.

all of this could be referred to as history repeating itself but mostly it is about the situation not having changed. the adoption is growing like before if not faster while the rate of bitcoin creation (new supply) has decreased dramatically. it stands to reason to expect same big rises (if not bigger) to be repeated.

To many questionable things happen since we don't know yet if we will have a glimpsed of bull run since there are so many happenings right now but since many people are optimistic to see that coming maybe we may have a chance to see that.

Also for sure many investor are preparing now since and they learn so much lesson for the past halving where many losses from sudden huge price drop.

But lets not lose hope mate because that is the only thing we have now,specially that crisis everywhere is happening hope is the best weapon we can all have.
Nope investors are waiting for right chance again,specially whales they are looking for the right timing to put investment again and then the bull will happen,but only in a period of time like what happens in 2017.
so be aware and be ready to profit or to lose.

Most likely yes because we have the basis and that’s the history trend of the market and upon seeing the chart, we are indeed growing up over time and the bull will repeat itself, its a matter of time. Bitcoin had gone so far, we experience a lot in this market, we saw big pump and dump and in history, people will gain more profit and that will happen again.

I believe this bull run is going to repeat all the elements are all here, Bitcoin just had it's last halving and the price is getting better and the pandemic has no effect in the Cryptocurrency market, it's only a matter of time, the investors have mature so many projects with good potential are in the market and the market is very robust, all the elements are all here.

We cannot really expect another Hype sooner because of the pandemic,but of course there are something we have to look for possitivity Like the Incoming US election in which will surely make the Crypto market move.
and the another one is the Vaccine for the Corona virus that mostly says will make the Bitcoin price crash.
But above all this is "We as Investors and Users" will make it happen so all in all it is Our action that will dictate the prices.

Bitcoin will not always follow the same rules.  Although your analysis is good here.  Bitcoin can't wait to tell you exactly when the price goes up or down.

There's no other way for bitcoin but to go up because we already reach the bottom price and the normal market scenario is that, what goes down, will go up after some time we have to wait for that patiently especially on the most challenging year of our generation. History tells us where the market is heading in the future and yes it will repeat the great bull run but this time, we will be on a different level and maybe we can hit the price of BTC beyond $30k.

We are not sure what will happen with bitcoin because we know that the bitcoin price is still volatile, and the price can get down or even go up to the high price.
I don't think that we already reach the bottom price, but if you mean that $3k is the lowest price, that is right because we already reach that price.
But for now, it seems the trend for bitcoin to go bullish is wide open as the price now can increase, and we almost touch $12,500 as the next high price.
We need to be patient (again) because the price needs time before reaching another ATH temporarily.
Many of us said that bitcoin can hit more than $20k and even $50k in the next bull run, but remember, that is only speculation for the price, and we still don't know for real.
But this price is a good price to take profit while the price still at $12k if you want to sell some bitcoin.

quick print some more tether

You shouldn't worry if you want to sell in the long term but that is not because history repeats itself but because people have an increasing demand for bitcoin and the supply we have is dropping increasingly. The main reason why supply is dropping is the fact that miners are not mining millions of dollars worth of bitcoin anymore, which is millions of dollars sold on the market every single day, in a year that is a billion dollars just sold, not anymore.

Secondly the early birds, people who bought under 1k is getting lesser and lesser, the more people from that period that sells, the less there is available, it won't happen again so there is only people who bought recently left, and they won't sell here neither. So long story short there is less supply available but more demand every day.

It really depends on when that chart was made, for example if the chart was made many years ago and the it predicted almost most major movements then you may have a point that we could be on the verge of something big, however if that chart was made after all of those movements happened then it is incredibly easy for anyone that knows anything about trading to create a bunch of charts that fits the data perfectly, this would seem to make that chart to become predictive in nature but it is not, as it is unlikely the future events will adjust to the chart at all.

altcoins are dumping for now so there is no reason to print more Tether for the time being.
give it a couple of months for the shitcoin pumping season to begin then we will see the Tether printing start.

If I understand correctly, the victory of one of the candidates will lead to an increase of the bitcoin price (because analysts expect a general improvement in the economic situation in the United States for this reason) and the victory of another candidate will lead to its fall, right?
Why getting the vaccine and defeating the virus will lead to a drop of bitcoin price? I think the opposite will happen.

Is that even legal for creating a chart like that lol
seems odd to me personally.
Can we relate the invention situation 11 years ago to today situation? Especially during pandemic?
Even a perfect formed chart can still go into wrong direction right?
Everybody seems loved to referring current situation to where bitcoin going to the moon , i am a little bit concern regarding this.
When our confidence has reached the top but the reality dumped it all , dont forget in the recent days there is a lot of big company hold large amount of bitcoin that can always splashed to market.

Have nothing to make deal with those presentations. Every day it changes, the trend changes as well. Because even me, I don't think also that the market flows today will likely behave the same thing it does before, that seems impossible since then.

If the market reaching for another ATH, it was a lucky day for crypto and for everyone. To be honest, it is hard to expect it especially in the current situation that we have facing today. The struggles, the pandemic haven't yet got over but I was then truly amazed how the market behaves differently, opposite to what we are expecting most. But that is not the reason that I should believe history repeats itself.

I thought that history would repeat itself in 2020, but I was wrong, however, there are still about 2 months left in November & December.

From the graph, what the OP shows, history can be repeated in four more years, moreover half of it was completed last May, it can still be seen about a year after the halfing happened, hopefully so.

A graphical watch shows that between 2021 or 2023, anything could happen again to Bitcoin.

History could repeat itself for bitcoin but not for altcoins, $20k is too far to achieve at the current price but this would result to the dump of altcoins which we didn't see in 2007 as what we saw is a hype for the entire market. If bitcoin will stay at $20,000, I think this would make investors to be interested in investing as they have already proven bitcoin is not a bubble.

At this moment, Bitcoin's market value, being able to reach $14k usd, it is not surprising to know that many people are  expecting for a new ATH. But we cannot blame them from doing so. Bitcoin managed to reach its ATH before and what is happening gives them idea of possibility. But since things are not certain in this industry, there are still people doubting of such thing. Based from what happened, upon breaking the market value, its price suddenly fell. Not to be a pessimist but certainty of breaking the ATH is not yet certain. Therefore, history is also not yet certain.