https://www.thestreet.com/crypto/markets/next-bitcoin-bull-run-is-coming-and-fomo-will-reach-an-all-time-high
The bitcoin price seemed to fall on consumer price index (CPI) data released today, but it has remained relatively stable since finding its bottom last year after the momentous bull run of 2020 to 2021.
Perspective: With that longer timeframe in mind, TheStreetCrypto’s George Tung is reminding crypto investors of bitcoin’s cyclical history and what that could mean for its next price peak.
“Right now, (the bitcoin market) is mimicking what happened from 2017 all the way down to 2020,” Tung explained in the video above. “What happened when things were looking so dire and people were calling for the death of bitcoin? What happens? Bitcoin goes from $3,800 all the way to $69,000. That’s what happened.”