Bitcoin mirrors 2017 cycle – Why HODLing might still be your best strategy | Bitcoin's current price action resembles its March 2017 cycle, suggesting it could reach an "extreme greed" phase by Q4 2025 if historical patterns hold. A recent post noted Bitcoin's RSI Bollinger Band % at critically low levels, indicating it may be oversold and poised for a rebound, similar to prior cycles leading to all-time highs in 2013, 2016, and 2020. Currently, BTC is priced at $83,078, with analysts indicating a local bottom hasn't yet formed, as institutional outflows increase and long-term holder supply drops to pre-election lows. However, historical cycle patterns remain intact, and signs of market top are absent as FOMO rises and exchange reserves shrink. To mirror the 2017 bull cycle, continued accumulation is necessary. Though challenging to break the $90K level in the near term, sustained demand could eventually drive Bitcoin into six-digit territory despite current macro uncertainties. 0 reply
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