RATE Group | Historic Bitcoin Cycle Suggests No New All-Time High Until 2021
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Historic Bitcoin Cycle Suggests No New All-Time High Until 2021

13 Feb Historic Bitcoin Cycle Suggests No New All-Time High Until 2021

Posted at 21:49h in Bitcoin News by

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Markets are cyclical, and history often repeats. 

And if the bear to bull cycle from 2014 through 2017 is any indication, Bitcoin could have as much as another full year before the cryptocurrency revisits its all-time high.

Comparing Previous Cycles With the Current Bear and Bull Markets

The crypto market at large is widely convinced that a new bull market is forming for Bitcoin and altcoins like Ethereum, Litecoin, and XRP.

Numerous signals tend to back up the theory, and the entire market is resting and consolidating just below critical resistance – a sign that the resistance level may soon be broken.

Related Reading | 10 Factors Confirm a New Crypto Bull Market Has Officially Begun 

But while a push beyond the current levels would certainly suggest a new bull market is here, a rejection at current levels would bring Bitcoin back in line with past bear to bull cycles.

Bitcoin is just 11 years young, so there aren’t many bear markets cycling into bull markets to glean information…

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