Bitcoin will reach new highs in 2021. What you need to start bullrun?
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Market cycles, it is common for traditional assets and . Each wave of explosive growth of the cryptocurrency ended in a strong decline in the course of which BTC has depreciated by at least 80 percent.
The Current bear market has officially considered the longest in the entire history of the existence of the blockchain. According to analyst Roger Quantrill, to wait for the new bullrun won't take them long to start Bitcoin only needs to overcome the level of $ 4,500.
thethe Bottom has passed
Quadrillo compared the two recent cycle of cryptocurrencies and came to the conclusion that between them are too many common features. Last time, after falling below long term trend lines Bitcoin took exactly 434 days to reach the bottom in 2015.
If Bitcoin really hit bottom at the level of $ 3150 14 December 2018, the same cycle in this bear market took all those 434 days. So the whole story was repeated, we need to wait for another confirmation of the theory of Quadrillo — growth BTC above $ 4,500.
Bitcoin: History doesn't repeat itself but it often rhymes..
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