Bitcoin is following the same path of 2017

[cybersofts]

I don't know--based on that graph, I don't see what OP is seeing.  Nor am I (yet) feeling the insane vibe on the forum that I did back in 2017.  People were absolutely euphoric about bitcoin, and there were people selling houses and maxing out their credit cards to buy bitcoin.  That was truly a crazy time.  

We certainly could get another raging bitcoin bull market, and I think we will, but there's nothing to suggest that it's going to happen this year.  Yes, we've seen a very nice rise in price in the past week or so, but that's just short-term market movement.  Give it a few months and we'll have a better view of whether we're in a new bull market or not.  It's just way too soon to tell.

I was talking of the April-May 2017, not the October-November 2017.
I mean the current season of 2017 - don't you sense the momentum started building up for the media once again?
It's 2019 now, and I see nothing but another 2017 coming over us. Started thinking maybe we would see another bitcoin ATH in this year

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[mersal]

Yes I also think like that if it was been like the same thing that happened in 2017 it will be accused development in this time so my opinion is it can be a huge. in the end of this year and Bitcoin is also possible to double the value in the 2017

[Oceat]

Can't say yes, can't say no but perhaps it is, though no one really knows what would happen in the future. I won't get my hopes high yet since it is not yet certain if it is really the starting of a bullish market. Some say it is just a bull trap that might back down in days right now, we have seen the bull trap before and i hope it won't occur this time bringing $5k back to $4k.

[akram143]

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!

yes I surely say it will be like the same in 2017 because there is lots of similarities between the 2017 and 2018 if it was literally happened in this year there will be multiple times development will happen to the big time more than 2017 development.

[jjjfff]

I'm surprised by the strong volume in the recent bull run.

I think big banks are getting prepared for the new market crash hedging their bets in Bitcoin (the new gold?). Things are far too similar to 2008 again and it's been 11 years. Banks are likely preparing for Bitcoin to become reserve currency.

Remember there were crashes in 1998, 2008 and none yet since 2018.

The Fed keeps printing debt, Europe and Japan central banks print money every time the markets drop, China is printing hundreds of billions of Yuan every time the markets dip...this system can't sustain itself much longer. At the end of  2019 the world will be in U$ 300 trillion in debt. This money will never, ever, see the light of day and get paid. It's nonexistent money.

[Adriano2010]

Maybe you are right, but in 2017 i remember i joined a lot of bounties, and most coins i got from i could sell for at least 200$ once reach exchange and this happen very fast, maybe bitcoin will follow same path but this year is not the same as 2017 for all crypto coins.

[Jocuserious]

The crypto market never stays stable, so we can not say that The future is what it can go Situation. What has changed in 2017 is not a matter of consideration. The changes in the crypto market have happened many times But he could never stand in a situation like this. Interesting graph 2016-2017 is the bear situation for crypto.

[tomahawk9]

I was talking of the April-May 2017, not the October-November 2017.
I mean the current season of 2017 - don't you sense the momentum started building up for the media once again?
It's 2019 now, and I see nothing but another 2017 coming over us. Started thinking maybe we would see another bitcoin ATH in this year

But we're still in April so you can't actually compare what happened in April-May of 2017 with the current market movements.

As for the "momentum building up", I don't see any of it, the media simply caught up with the hype after the pump to 5k and started releasing articles that they knew were going to get tons of clicks. Things have calmed down since then.

Another 2017? A new ATH? Chill out, I understand you're in "bullish mode", but it's too early to start talking about such things.

[erikoy]

Yes probably and we will going to be happy especially those who bought bitcoin at cheap prices and hold it to the bull run. I just can't imagine how much that holder will going to earn especially if one could sell on ATH of bitcoin.

hopefully this year ATH will be anticipated and will going to be a graceful year with bitcoin.

[eaLiTy]

I am not sure there are similarities in 2017. Many experts predict the movement of bitcoin in 2019 will be the same as 2015. so I think bitcoin will fall back and recover soon in 6 months later

This is exactly what i expect this time around too, one thing is certain that the market is recovering and the signs are really good and hopefully we wont be going down to $3k from this situation, i am expecting the price range around $8K by the end of this year and we might see some small correction in between.

@OP Hopefully Bitcoin will follow the path of 2017 by 2021.

[playboy654]

We can actually say about this because the future will be going to any direction so the conclusion is saying by us only at the end but the possibility of development is higher in this position of Bitcoin so we can trust about the future will be more good as like we expected.

[Best Dreams]

This was the chart for 2017



And this is the chart for Q1 2019



I'm not sure about the comparison that OP is saying. I'm very confused on how did he managed to compare two charts which has different pattern.

Well right it is not so easy to give you opinion about the price because it is so long when the price of the bitcoin was good and in 2017 it was so high almost 30k dollar I think it is not easy to approach that value but who knows as I have see crypto currency growing so high even in few months and now I think we can expect that good price, I am happy that price is gonna high because I am aware of the abilities of the crypto currency [bitcoin].

[tippytoes]

I am not sure there are similarities in 2017. Many experts predict the movement of bitcoin in 2019 will be the same as 2015. so I think bitcoin will fall back and recover soon in 6 months later

This is exactly what i expect this time around too, one thing is certain that the market is recovering and the signs are really good and hopefully we wont be going down to $3k from this situation, i am expecting the price range around $8K by the end of this year and we might see some small correction in between.

@OP Hopefully Bitcoin will follow the path of 2017 by 2021.

Maybe the price trend is somewhat similar to 2017 but I prefer a gradual increase rather than steep climb. And with the increasing number of crypto users as well as merchants accepting crypto, I consider that this price increase has solid grounds. Unlike in 2017, it was more of a hype and noobs trying to join the bandwagon. People are now more educated in terms of crypto and a lot of them learned their lesson from the past couple of years (2017 for the BTC's ATH and 2018 for the rampant ICO scams).

[mrdeposit]

I will not be surprised if the result is different because this market was new. Because, after the increase in 2017, "simile" continued, but I witnessed that none of them were as said.

[ralle14]

I was talking of the April-May 2017, not the October-November 2017.
I mean the current season of 2017 - don't you sense the momentum started building up for the media once again?
It's 2019 now, and I see nothing but another 2017 coming over us. Started thinking maybe we would see another bitcoin ATH in this year

The path comparison between April-May (2017) and now is not similar. The increase that happened this April was immediate then the one from 2017 was like a slow snowball effect.

Here's a screenshot of the price movement from april to may so you can compare it to sunsilk's image above.

[andriarto]

I will not be surprised if the result is different because this market was new. Because, after the increase in 2017, "simile" continued, but I witnessed that none of them were as said.

I'm sure that later, bitcoin will return to the previous highest price, but conclude that the movement will be like 2017, although the chart is similar. of course the demand and supply factors and trends are the reference for movement

[Kakmakr]

I think the latest hype surrounding big Initial Exchange Offering (IEO) projects are giving Bitcoin the same boost that ICOs gave Bitcoin back in 2017, before they started to ban Crypto currency advertisements on large social media platforms.

We are still in the early stage of Initial Exchange Offering (IEO) projects being launched, so the upward movement might be a bit slower, compared to what happened in 2017. <The IEOs are more regulated than ICOs and it takes a lot longer to launch it.>

[Crypdon]

The highs of 20k are still fresh in the minds of many people so the pump now will be quicker than before. It's when it goes back to the ATH that we will see a ceiling that is hard to break

[traderethereum]

I will not be surprised if the result is different because this market was new. Because, after the increase in 2017, "simile" continued, but I witnessed that none of them were as said.

I'm sure that later, bitcoin will return to the previous highest price, but conclude that the movement will be like 2017, although the chart is similar. of course the demand and supply factors and trends are the reference for movement

That will happen someday, and maybe we will see it this year or in the next years. The chance for bitcoin to increase higher like what we saw in 2017 will be wide open, but if the chart looks similar, I guess that is only a coincidence, but it could be true as the price still moving to the higher price. So I think it is better to wait for the time to come and makes the price can increase higher.

[armarsterling7]

We have not been able to give an accurate comment on the future of BTC in 2019. It is quite vague. Our crypto market has recovered too soon and this is not a good signal. it is going against nature. I am worried for investors who tend to buy more at the moment.
This may be a large trap of whales.