Bitcoin is exhibiting a lot of 2017 bullish patterns in its current cycle. But unlike 2017 when everything seemed to happen behind the scenes, this time there is much more going on in the mainstream. This has in itself ensured that the ‘bubble’ narrative no longer hinders prices.
One critical chart that identifies the pattern similarities and helps predict where prices could be headed and what might possibly be Bitcoin’s next top points to a 400% price surge. As shared by Jack Purdy, a top researcher at Messari Crypto, Bitcoin is exhibiting the same pattern it did at $3,500 before making a 471% surge and reaching the $20K top. With prices hanging around $48K, a similar surge would send Bitcoin to a high of $274K.