Will Bitcoin price be "mirrored"?

[Come-from-Beyond]

[BillyBobZorton]

I don't think so. 2013 as a very different era from 2017. The technology was still ancient with not many prospects for the future, Mt Gox was the only exchange in the entire world etc and so on. So a correction was expected, but it will not be as strong as some people predict. We are already seeing a correction and bitcoin is quickly shooting up again. I wouldn't be surprised if the chinese buy it up back to 1000+ and we test a new ATH soon. Bitcoin has proved it can recover from huge crashes and this makes it stronger for the future, people will not let it sink that low because there are a lot of people ready to buy.

[Zadicar]

I don't think so. 2013 as a very different era from 2017. The technology was still ancient with not many prospects for the future, Mt Gox was the only exchange in the entire world etc and so on. So a correction was expected, but it will not be as strong as some people predict. We are already seeing a correction and bitcoin is quickly shooting up again. I wouldn't be surprised if the chinese buy it up back to 1000+ and we test a new ATH soon. Bitcoin has proved it can recover from huge crashes and this makes it stronger for the future, people will not let it sink that low because there are a lot of people ready to buy.

This is true, those events happen on that year wont happen in this year.As we can see the price of bitcoin now is dipping $880 price on just a few hours but now it is correcting its price and climbing up again which means bitcoins price now have a good support and we could able to say that it wont breakout on that price.Seeing on the picture im amazed because it really look like theres a mirror.

[iram3130]

Obviously No. It's just a mere co-incidence. The price of Bitcoin will not go back to its previous state, rather it will be increased. And it hasn't reached it's top yet, I guess we will see some more increase in the rate for few more days.

[n2004al]

I don't think so. The story of price of bitcoin has testify that behind every price was a reason and was not the consequence of the causality or such rules. The same with the pump of the last months. Now that the Chinese exchanges have problems the price is going down. See for more here: http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q

[DefendKebab]

Looks like we will see sub 600 so i think it will follow the mirror pattern , when the real panic selling starts the price will go down fast, media will put up story's like bitcoin is crashing again this will damage the imago for a few years.

[BrewMaster]

i hope not.

but at the same time the time is different from 2013 and if you hadn't cut the important part from that chart we could have seen it here too. the important part is the part in 2013 leading to the $1100 price which was like one candle in that chart! and compared to today it seems stupid to see a mirror.