Bitcoin 2013 vs bitcoin 2017

[talkbitcoin]

I call BS. Just because BTC price behaved in certain way in the past doesn't mean it will behave exactly in the future. There are whales and manipulators in the market who already know the patterns and will use it to their advantage. You just have to use your own eyes and brains, including gut feelings. Never let anyone else tell you what to expect, be your own guide.

that is true, bitcoin doesn't have to repeat the past performance again but it will repeat it not because it happened once but because the reasons why it happened has not changed. the reasons being an increased adoption while the price is suppressed (kept down) and when it is released a big breakout happens.
and we always have the increasing demand while the supply stays limited and that means increasing price.

[sheenaedago]

This one I like:

Big gap on that channel.. adjust accordingly.

indeed. i'd say a capitulation wick into the $2000s or $3000s is totally possible. i wouldn't base anything on that "channel" though. it's only got two tags on the lower bound, and none on the upper bound, so it's really just a trendline that's never been tested. it also looks a lot different on a line chart vs bar or candlestick chart, due to price averaging on line charts.

I would not be surprised to see this happen as well, and even though I have a feeling that the market would try making some upper movement for a while, but there is a huge chance and possibility that in 2019, we might see the market continue with the downtrend and probably this is when we are going to get this capitulation in place and a long consolidation before we move into 2020, where it is believed that before halving, there is a pretty good chance for growth, and probably by 2020/2021 is when I will be expecting any serious movement in the market.

  I think there is huge differences between 2013 and 2017 according to the history. I believe every year has facing different challenges, so we can not differ from the current situation from the past.