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December, January or in the spring? - When is the big Bitcoin rally coming?



Bitcoin has had several crashes in the past few weeks. Currently, the cryptocurrency is grappling with the $ 50,000. But a new Bitcoin rally could be ahead of us in the near future and bring Bitcoin to a development like the one we saw at the end of 2017. But when will this parabolic price rise come?

Bitcoin bearish in the last few weeks - harbinger for the rally?

The Bitcoin course has suffered several setbacks in the past few weeks. The course lost several thousand dollars several times in a short period of time. In particular, the Bitcoin crash on "Black Friday", when the price fell from $ 53,000 to $ 43,000 and closed below $ 48,000, shocked many hopeful investors.

Within a month, the Bitcoin price fell from the all-time high of $ 68,000 to below $ 48,000. As a result, Bitcoin lost almost 30 percent of its value within a few weeks. However, this strong consolidation could herald a huge Bitcoin rally that will culminate the bullish cycle.

Price development is similar to scenarios before the breakouts in 2017 and 2020

Historical price comparisons should always be treated with caution, as the market in 2021 will be different than in previous years. However, historical price movements do not repeat themselves, but they “rhyme” over and over again. So we can see a similar scenario from the current price development as before the big breakouts in 2017 and 2020.

Because we see a very similar price formation this year as in 2017 before the big Bitcoin rally started. 

When is the Bitcoin rally coming?

Before the big Bitcoin consolidation began, many investors were hoping for a massive rally in December that should bring Bitcoin to $ 100,000 before the end of the year. This seemed to be congruent with the development of the bull markets in 2013 and 2017. The theory of elongated cycles is now becoming more and more probable.

The last major parabolic rally is still very likely to come. It is difficult to predict when exactly this will begin. It could be before the turn of the year. However, it is extremely unlikely that the $ 100,000 will fall this year. It seems more likely that we will not see the Bitcoin peak until the first quarter of 2022 or not until spring.

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