Bitcoin is following the same path of 2017

[gabmen]

I think it is, but I don't think it will repeat just the same. The number of usage or bitcoin holder transactions is more than what was once before,

Thats it . more btc holder/transaction means there are more demand on btc these days compare to was before . meaning the price thesedays or on the future can probably double than what we experience on the late 2017 but still lets not forget the fact that btc is still a volatile type of crypto  which means the price can still drop no matter how much is the total number of btc hodlers  .

Lol. I hope it does follow the 2017 path up to the december run. But i doubt it'll repeat that soon. I'm pretty sure people wi start selling when the price even goes close to 10k. Things are different now than when 2017 started.

[yusupjatigumilar]

Bitcoin does have a unique price movement pattern, where the pattern always repeats in a certain period of time, in my opinion maybe because bitcoin has a halving day cycle that occurs every time period until there are no more bitcoins that can be mined. How come in 2019, bitcoin can form a pattern in 2017 but with a much higher volume and price, so we can take advantage of that,

[altcoinhunter01]

Yes, The chart showing the same movement of 2017 and after it's new upward movement many new people coming to this market to buy Bitcoin for future gains. We can expect a new all-time high before this year end.

[Betwrong]

~If Bitcoin is going to rise and shine again, what should that be if not hype (the odds of which are small anyway)?
~

We don't need no hype for Bitcoin to rise. Just something similar to what has been happening during the past month (20% gain in one month) would be enough for 1 Bitcoin to have a price tag of $22k+ by December this year. And then even if no news at all were posted about it people would start adopt BTC more and more. We just need to show the world that $20k wasn't actually a bubble and that BTC can go beyond that mark. When people see that (some see that already) exponential growth will start.

[Linkkoin]

Please remember one important element. Technical analysis is not 100% effective.
For example - on 7th of May, there is going to be a huge debate in China (where most of all the cryptos are mined) about shutting down the mining facilities/changing approach to them based on energy consumption and influence on the environment.
This could shake the market for weeks, depending on the outcome:
1. A total ban on mining (very unlikely) - panic on market, which can last for weeks, as long relocation is done. Moving facilities to countries with more expensive energy should be beneficial for the price of BTC in the long term (uuuh 2020?)
2. Partial ban/relocation order (likely - moving facilities from densely populated coast to poor regions with a surplus of energy), some disturbance on the market, in long term - rather insignificant influence on the price of BTC (unless there will be a natural disaster in such poor region)
3. Nothing changing - 2017 it is.

[normanderecho]

Its seems a little closers on that year 2017 on what happen now. I hope it will be. If the majority will get recognized this chart they will start think about to buy more bitcoin now for the possible bullrun coming this end month of this year. I hold bitcoin, but it just a little, if I could only have extra funds I buy more bitcoin now.

[liuqi]

Its seems a little closers on that year 2017 on what happen now. I hope it will be. If the majority will get recognized this chart they will start think about to buy more bitcoin now for the possible bullrun coming this end month of this year. I hold bitcoin, but it just a little, if I could only have extra funds I buy more bitcoin now.

So far that you may convert your fiat finance to bitcoin as soon as possible. It is must a profitable option for the investors who wishes to put their fund on the bitcoin and altcoins. We will be able to trade the bitcoin pairs for stable coins also in the market.
I believe end of this we will find the same growth like we see on 2017. Guys do not forget to hodl the bitcoin for your long term profit.

[Aksiyon1]

I also hope to repeat that cycle. BTC prices increased abnormally and stabilized above $ 5100 in just a few weeks. After a period of time facing the bear market, it is a good sign we feel that the market is returning and showing signs of recovery. Nothing can be said in advance but let's hope it will repeat again.

[aimata27]

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!

I don't think that bitcoin now is following the same path of 2017. It's just too early to say because there's no trend and hype at all. I think the rise of the prices now are only temporary. But if it continues then it is so great for all of us. Let's all just be prepared on what will happen next.

[Japinat]

I also hope to repeat that cycle. BTC prices increased abnormally and stabilized above $ 5100 in just a few weeks. After a period of time facing the bear market, it is a good sign we feel that the market is returning and showing signs of recovery. Nothing can be said in advance but let's hope it will repeat again.

The repeat would mean another bull run, well, we can enjoy the good times again.
Patience that we have has to be rewarded with good profit, and I smell a bull run and the FOMO that will be coming soon.
BTC is holding strong, it has more uptrend movement now, so let's wait and remain optimistic for this year.

[MFahad]

No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

I agree. What had happened last 2017 was totally a blast for bitcoin because its price has made a huge price increase in just a very short span of time. This year we can observe a little by little good price increase in the market until we can see a bull run waiting for us in the end.

But as a bitcoin users we should always have great hope for bitcoin and i also observed the chart both are same of 2017 and 2019. But still i agree with you 2017 was a blast for us, so may be in the time it will not happened and bitcoin may be can't reach again in $18000 to $20000.

[Kimonoe]

No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

I agree. What had happened last 2017 was totally a blast for bitcoin because its price has made a huge price increase in just a very short span of time. This year we can observe a little by little good price increase in the market until we can see a bull run waiting for us in the end.

But as a bitcoin users we should always have great hope for bitcoin and i also observed the chart both are same of 2017 and 2019. But still i agree with you 2017 was a blast for us, so may be in the time it will not happened and bitcoin may be can't reach again in $18000 to $20000.

although there are similarities at the outset, not necessarily at the end of the year it will be the same as in 2017. I am sure the price will lead to the previous peak, but the time difference, it may take several years

[bitgolden]

Its seems a little closers on that year 2017 on what happen now. I hope it will be. If the majority will get recognized this chart they will start think about to buy more bitcoin now for the possible bullrun coming this end month of this year. I hold bitcoin, but it just a little, if I could only have extra funds I buy more bitcoin now.

Oh I see, this can actually create FOMO buy too since many investors will think the path BTC followed in 2017 is the same path it will follow now, although this might just have been a coincidence but I don’t think it is a circle or trend.

If Bitcoin is to follow same path, I think this will be the best time for everyone to buy more of BTC, for me, I already have most of my investment in Bitcoin already because I usually don’t deal with some of these altcoins that does not have any promise for future. Most of my altcoins that I got free has even been converted to BTC already ahead of the coming bitcoin that we are all awaiting, and probably we will get to see it by 2020.

[deisik]

Its seems a little closers on that year 2017 on what happen now. I hope it will be. If the majority will get recognized this chart they will start think about to buy more bitcoin now for the possible bullrun coming this end month of this year. I hold bitcoin, but it just a little, if I could only have extra funds I buy more bitcoin now.

Oh I see, this can actually create FOMO buy too since many investors will think the path BTC followed in 2017 is the same path it will follow now, although this might just have been a coincidence but I don’t think it is a circle or trend

This is not a coincidence

This is wishful thinking at its best (or worst). Yeah, I understand we all want things to go the same path as in 2017 and Bitcoin to strike a new ATH by the end of the year, but there is very little similarity between then (2017) and now (2019). Bitcoin had been rising the whole 2016 while it had been falling through 2018, easy to check and see. So if we take into account this dynamic, there is very little ground for drawing such conclusions. If anything, 2019 follows the trends which were active in 2015, not in 2017

[jademaxsuy]

Well I hope so that it will really going to have another bull run with bitcoin market and other strong altcoins in the market like ETH, BCH, XRP and etc. I do really believe in these crypto and will be happy seeing some pump on it. If it will really going to happen then definitely I will havenl huge gains from it knowing that I invested in bitcoin and these crypto during the time that BTC market price is below 4K usd.

[Sum24]

Its seems a little closers on that year 2017 on what happen now. I hope it will be. If the majority will get recognized this chart they will start think about to buy more bitcoin now for the possible bullrun coming this end month of this year. I hold bitcoin, but it just a little, if I could only have extra funds I buy more bitcoin now.

In 2017 price was very high, so many people have admire the market because they got to know investing in crypto currency, is big profit market can rise and fall but good time needs to find, price is low but movement is steady that’s why we are hoping for profitable future, till end of 2019 I am sure price will reach higher price of 20k.

[Finestream]

Well I hope so that it will really going to have another bull run with bitcoin market and other strong altcoins in the market like ETH, BCH, XRP and etc. I do really believe in these crypto and will be happy seeing some pump on it. If it will really going to happen then definitely I will havenl huge gains from it knowing that I invested in bitcoin and these crypto during the time that BTC market price is below 4K usd.

With the current market condition we have at the moment,i'm pretty sure this will all lead to a bull run.Although the kind of hypes we have right now is not really similar way back 2017 but i think this will all end into the same goal,a bull run at the end of the year or maybe this year bull run will come earlier.

[Kasabus]

Well I hope so that it will really going to have another bull run with bitcoin market and other strong altcoins in the market like ETH, BCH, XRP and etc. I do really believe in these crypto and will be happy seeing some pump on it. If it will really going to happen then definitely I will havenl huge gains from it knowing that I invested in bitcoin and these crypto during the time that BTC market price is below 4K usd.

With the current market condition we have at the moment,i'm pretty sure this will all lead to a bull run.Although the kind of hypes we have right now is not really similar way back 2017 but i think this will all end into the same goal,a bull run at the end of the year or maybe this year bull run will come earlier.

Pretty not similar because the last time, we did not anticipate it, but now people are excited to see it again and they are anticipating
that the bull run that will come will be bigger the the previous, with that it will create a new record of bitcoin price that will mark again another achievement.

[marcous]

Indeed, the price of bitcoin, for now, is better than a few months ago which dropped to 3000 $. But all is just speculation, it cannot be predicted that it will return to 2017. But at least we are approaching Halving day moment.

[Rooster101]

I don't think bitcoin is following the 2017 trend because the rise of its price is still slow compared to that year. There is also a possibility that its price will go down below $4k before it appreciates again. Some investors might be excited on the next halving that will happen next year and they start buying to beef up their bitcoin reserve. This buying helps the price of the bitcoin to go up in a short term.