Now Reading
Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022

Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022

Bitcoin price has dropped to $3,926.09 USD and the crypto market is still experiencing a bearish trend which seems to be following bitcoin’s 2017 moves. The current BTC value of just over $4k would represent an 80% drop from its all-time high last year but it’s not time for panic yet as other cryptocurrencies are also down significantly

The bitcoin price has seen a dip in July, falling by 20% to below $7K. The cryptocurrency market is still forecasted to reach its all-time high before 2022. But while the earliest periods of blockchain adoption have been marked with massive growth and investment, will this be the case for games?The “bitcoin price prediction end of 2022” is a forecast made by the cryptocurrency expert. The expert predicts that Bitcoin will have an explosion before 2022.

Bitcoin (BTC) has dropped below $60,000, yet the price movement continues to resemble the 2017 bull run.

The most recent statistics comparing the current Bitcoin halving cycle to the prior one demonstrates how similar 2017 and 2021 are.

Bitcoin continues to print strange 2017 parallels.

Bitcoin has seen its ups and downs this year, but as Cointelegraph observed, the BTC/USD fractal has been nearly identical to that of 2017.

A fresh research comes to the same conclusion — and for those worried about the $58,000 reduction on Oct. 27, this is nothing new.

Surprisingly, the dates of price fluctuations in September and October 2021 are almost identical to those in 2017. Smart Crypto, a popular Twitter account that noted the pattern, predicted a “explosion” in 2022.

Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022Chart comparing BTC and USD. Smart Crypto/Twitter is the source of this information.

According to Fibonacci sequences, if the remainder of the quarter follows the same timeframe as four years ago, Bitcoin values will skyrocket. These prices, which are an order of magnitude greater than the 2017 peak, might reach $300,000.

Traders are betting on a bigger BTC price drop.

Analysts warn that people who are extremely long on BTC may suffer major consequences in the immediate future. 

Bitcoin declines $1K in five minutes, dropping below $60K for the first time.

On Oct. 27, Filbfilb, the trader who predicted a collapse to $50,000 this week, maintained that even $57,000 seems to be unreliable as a local price floor.

Sir, would you like any assistance?

See Also

Unless your bybit *friends* quit purchasing.

Yikes are expected to be activated. pic.twitter.com/H5nc6lVDfx

October 27, 2021 — filbfilb (@filbfilb)

Prior to the introduction of the US market, funding rates continued to fall, with BTC/USD hovering around $59,000.

Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022Chart of Bitcoin financing rates. Bybt is the source.

The “ethereum price” is the second-largest cryptocurrency by market capitalization. The “ethereum price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022″.

Related Tags

  • bitcoin price in july 2021
  • bitcoin price prediction end of 2021
  • coinbase
  • bitcoin price prediction 2022 in inr
  • bitcoin price prediction 2025
Scroll To Top