Wednesday, 2 December 2020

Bitcoin hovered around the previous all time high for months before breaking out.

History doesn't repeat itself but it often rhymes. On 2013-11-29 the price hit an all time high of $1157.49. On 2017-02-21 we started to flirt with $1,100's again hitting $1,126.48. It took a full two months for it to rise another ~20%, when on 2017-04-27 we hit $1,343.59. My point is, just because we are hitting around the previous ATH, doesn't mean the next bull run is imminent.

submitted by /u/aiakos
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