Bullish traders see parallels between the BTC charts today and in 2017. More precisely, they give a forecast for 2024-2025, comparing the chart for the period 2023-2025 with the chart for the period 2015-2017.
Post by trader and crypto blogger Jelle (86.2 thousand subscribers in X):
“History usually does not repeat itself, but it often rhymes.
And so far everything has rhymed incredibly well.#Bitcoinis developing very similar to the 2017 bull market.
Soon we will be on the rise again"
The goal when repeating the fractal is $360 thousand. And the comparison of fractals is indeed completely correct.
The only question is whether it will work. Still, $360 thousand for#BTCin this cycle is, we think, an overestimated goal. Unless the price will increase not only due to the acceptance of BTC by institutions, but also due to the depreciation of $.
