[2019-05-21] Déjà Vu? BTC $20K, 13 Days After it Last Closed $8,300

[CryptoBry]

Year-to-date, the bitcoin price has surged by 113 percent in a stunning recovery, achieving $8,000 in merely six months after plunging to $3,150 in December 2018. As said by Thomas Lee, a co-founder at Fundstrat Global, bitcoin has historically tended to record most of its gains in a short time frame, typically in a 10-day window, unlike traditional assets and asset classes.

According to cryptocurrency researcher Alex Saunders, the last time the bitcoin price closed above $8,300, it took 13 days to achieve a new all-time high at $20,000.

Source: https://www.ccn.com/analyst-last-time-bitcoin-closed-8300-13-days-to-reach-20k

Analysts are now looking at the 2017 bull run if there can be some patterns and similarities. Just imagine, it just took 13 days for bitcoin to get into $20,000 level after breaching the $8,300 but this was in 2017. Now, they are asking if the same pattern will be traced by bitcoin. In my opinion, I think bitcoin is different this time. Aside from bitcoin getting mature, the market is quite different today and I am sure there are also variations in the people playing in the market. Personally, I prefer a slow but steadily rising bitcoin rather than an abrupt rise and then a fast fall.

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[Naida_BR]

It had a different pace at that time and the market wasn't so mature like it is now.
I find it difficult to reach 20k or follow the same pattern as it did before, as it is also a different starting point/level that made it reach 8,300 and then 20.000.

[Slow death]

by 2017 people were more comfortable buying cryptos because they had no pressure from governments. In 2017 people had high expectations about the cryptos and ICOs and this happened because whenever someone bought bitcoin or some altcoin days later the price increased a lot and with that people got high expectations, even in the case of the ICOs, they have some ICOs that gave high returns to its investors. In 2017 investing in the crypto world was the same as winning the lottery. But when the price began to fall and governments began to pay more attention to the crypto world many things have changed. With many cases of shit projects and many scam cases, ICOs have started to be very dangerous and many people have moved away from ICOs ... I believe that the people who are now investing in the crypto world are people who are investing more prudently and this makes the market is no longer the old pump and dump as of the past

[shamc]

The similarity with those charts is absolutely remarkable. The trend is certainly there and i'm betting that it will go parabolic just like it did in 2017. You'd all better accumulate before it's too late, get bitcoin and altcoins as they will all pump