Between January and august 2017 bitcoin went up around 6x. Then In august 2017 crypto was banned in China and it dropped from 6000 down to 3500. Then it went from 3500 to nearly 20000 in less than 4 months.
So far this bull run, bitcoin had gone up around 6x, then in May 2021 China bans bitcoin and it drops from 60,000 to roughly 35,000 (notice it’s the exact same percentage drop)….. we could in theory hit 200,000 in the next 4 months.
Not saying that will happen by any means, do your own research, invest only what you are willing to lose, but for many of us who were around in 2017 and remember what happened then really aren’t super concerned. It really feels identical to the 2017 bull run.
Edit: these numbers are not exact as some of you have pointed out. They are generally accurate but the point stays the same. Extremely similar percentage gains and drops.
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