Bitcoin is following the same path of 2017

[Natalim]

At a glance, if seen from the overall graph, it might be similar, but if we look at the volume, it is very different wherein 2017 the increase was caused by the volume and very large market capitalization that made a bomb at the end of that year.

There was a huge increase of the trading volume, the volume was doubled at one time, and even higher and that tells us
there's more money flowing in this year compared the year 2017.
There's lots of bad coins in year 2017 due to some fake ICO that just pump their coin then dump, people got FOMO and that's one of the reason.

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[idham29]

maybe bitcoin follows the price like in 2017 up to the price of 20 K USD, the possibility of a price increase won't be as fast as it was in 2017 because in that year there was a wannacry virus attack on all major companies in the world. to eliminate the virus must be paid with bitcoin so that the price of bitcoin at that time was very high.

I don't believe bitcoin will follow prices like 2017, because based on the current analysis there is no bitcoin request that exceeds capacity. At that time the demand for bitcoin was so large that it applied commercial law, where there was a lot of demand but little inventory, prices would rise sharply.
Even though the conditions are different now, bitcoin demand is normal, if there is no drastic demand so the increase is small. And even then it sometimes goes down again so the price is very dynamic.

[Btc_1856]

At a glance, if seen from the overall graph, it might be similar, but if we look at the volume, it is very different wherein 2017 the increase was caused by the volume and very large market capitalization that made a bomb at the end of that year.

Agree, when the market is moving towards upwards trend we might see the volume will increase according to the situation and it doesn't seem that we are in the bull run. We have to be very careful with the current market situation the price of Bitcoin may fall or may increase. The situations might change in every aspect of the market.

[jakelyson]

You can always spot similarities in movement of bitcoin in the past but it does not guarantee anything.Remember, past performance does not assure future performance. Don't get your hopes too high.

[Astvile]

This years gonna make new history but i think not as much as we expect,many people loss money the last time they bouoght last year,most of them are new comers people who get hyped and bought bitcoins at peak.Im sure it will still pump but not at fast phase like last years pump

[Hamphser]

You can always spot similarities in movement of bitcoin in the past but it does not guarantee anything.Remember, past performance does not assure future performance. Don't get your hopes too high.

Sometimes being too optimistic would really lead to unrealistic presumptions or hopes which would only frustrate you if those hopes are being broken that's why theres no such thing
that things in the past will guaranteed to happen in the future.It may form out similar patters but as said these things doesn't assure that it would repeat once again.

[Betwrong]

The bitcoin behavior this year is mimicking 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with a slight difference.

In 2017, since January, we could see higher highs and higher lows. It was a very long uptrend that became more volatile in May and June, with prices going up without backtracking to retest the newly established supports. This was the result of a confirmed bull market in late 2016, which ended in a crucial bull run in December, that took us to the previous ATH of 1.1k USD.
We are nowhere near that now. You're comparing a year where we came back to the ATH after 2 years of bear market to a year where we are struggling to go back over 5000 dollars (25% of the previous ATH).

Again, in case you you didn't get it. 100% previous ath and a bull run in 2017 vs 25% of ATH and still a bear market now.
~

I find your calculations pretty convincing regarding renouncing the similarity of market conditions 2017 vs now. Indeed we are only around 25% of the ATH currently, and we were at 100% of previous ATH in April 2017. But my conclusions (which you may not agree with) are the following. Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019.

I personally don't think that it is possible to predict Bitcoin price based on the previous patterns, but I find it interesting to speculate on the subject and to check out in December 2019 who was closer to the truth with their predictions.

[Best Dreams]

i see positive graph you showed. it's similiar or not same 2017, we could happy to be high price over.

I think, every crypto move will not be the same, because every situation is different. especially nowadays there are many who know crypto, of course the movement is different. if for the same movement I don't think like that.

If today the movement is not the same as 2017 who knows may be tomorrow the price will be high,  I know now in market new investors are joining which is making the price really good, I hope very soon price will start moving upward and  we will be able to gain real profit, as you said I am not sure about every crypto but I am sure about bitcoin and ETH that price will rise really high.

[deisik]

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

[senin]

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

Yes that's for sure. The second such chance, which was at the end of 2017, may no longer be. At that time, people still didn’t know where the growth of cryptocurrency could end and in general what price increase it is capable of. As we already see, investors are not in a hurry to invest in cryptocurrency, they are no longer sure of its large growth in the near future. Cryptocurrency, of course, will grow this year in price, but with extreme caution. By the end of this year, it would be good to see the price of bitcoin at the level of $ 12,000.

[Ranly123]

The bitcoin behavior this year is mimicking 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with a slight difference.
If bitcoin gets to the new ATH in December, who's buying the LAMBO with me? Compare April-May 2017 to now and see what I'm talking about!

It's undeniable that he current market for Bitcoin is following the pattern from 2017. I guess if things will not change, we might experience another bullrun for this.

[Seeker#9]

There are many opinions on the present bitcoin price behavior and a lot of them are positive in this development. There might be a similarity of present movement of bitcoin prices to 2017 prices but it doesn't mean it will go for another bullrun or end up in another ATH. But it is good to see that the price of bitcoin is finally out of the 2018 bear situation and on the road to another bullish trend. This year, bitcoin might try to break the $10k but that remains to be seen and it also depend on the market developments in the days ahead.

[shinharu10282016]

If it really is indeed mimicking 2017, we just have to wait for the Lambos I guess?

 But there are a lot of things we should be considering right now since bitcoin did fall down in the third quarter of that year then rose up. People should just wait and see how far bitcoin goes right now.

[1BTC EQUALS 1CAR]

I think it is going to be better than 2017. Everyone knows that the coin from Facebook is a huge deal and we are all expecting a tremendous growth in the market when it gets listed. Facebook got some issues but it's a most used brand like Youtube that no  matter how they  hate it, they are still going to use it just like the new FB coin. This time for sure, the market will hit trillions and btc having a new ath at the same time.

[superstarbtc]

Bitcoin Trend is expected to repeat by this year 2019 once the btc prices cross 5500 dollars thereafter bull trend may see uptrend positive turn up towards previous all-time prices

[jakezyrus]

Bitcoin Trend is expected to repeat by this year 2019 once the btc prices cross 5500 dollars thereafter bull trend may see uptrend positive turn up towards previous all-time prices

If im not mistaken i think the price did already crossed 5500 usd last week  but unfortunately the price did nosedive a few hours later  .

 the incident was fast and other countries were asleeep , they only knew that a massive pump happen after they woke up eariler that morning   .

 2019 is doing a great job , many of us are expecting that the prices of cryptos can still grow further  . it can be like 2017 or it can surpass the hype of 2017   . that thing is for sure 

[BlueStackz]

I came to invested in bitcoin or know bitcoin at november 2017 so I didn't know what happen in a few months before november 2017. You may know how the movement price before november 2017 til you have an assume that this recent price movement is the same with that. However, I still have a big doubt for bitcoin meet increased price again and reach $20.000 as the achievment in 2017 ago. An information will change per years, we don't have a way to same it all the time and this is pointed out we don't have any assurance the price bitcoin same with 2017, moreover for the current situation and we had been in the bearish market for one year and more.

Bitcoin does not have any pattern it follows and I don’t think any crypto does too, bitcoin is an ongoing projects that is being exposed to different factors that is contributing to its growth every day, and I think the factor that affected Bitcoin today will not be the same that affected it yesterday, the total number of investment in 2017 might even double up in the next bull run, no one knows the direction, since everything still depends on man and their contribution towards the development.

Now, I hear that Facebook will be launching its own coin this year, if they do, do you know the great effect it will have on the crypto market which we didn’t have in 2017.

[Betwrong]

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

I think there is a chance for making another impression that can be better than the first one. For example, Einstein published the final form of his General Theory of Relativity in 1916, but it did not appear to be as useful at the time. And only in 1960s and later, when various astronomical phenomena that confirmed the theory were discovered, it became central to physics and astronomy. I'm sure other examples of such sequences of events can be found as well. It's just Bitcoin was a bit ahead of its time. But its time will come.

[adamlillian]

no. I think this is just a coincidence because Q2 always has a great buying power for financial markets. That is the cycle and I think the BTC price is about to be adjusted again. It will soon fall at 4k6 - $ 4k7 in the next 2 weeks.

[genset88]

Crypto is a market that has attracted the attention of people today. BTC is on the way of strong development stable at over 5100 dollars. The BTC price is highly appreciated by the houses and is expected to increase to $ 9,000. I think this is reasonable because the BTC is making people care and fight for it.  BTC will repeat this cycle.