{"id":358658,"date":"2021-10-27T16:25:00","date_gmt":"2021-10-27T13:25:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022\/"},"modified":"2021-10-27T16:25:00","modified_gmt":"2021-10-27T13:25:00","slug":"bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022\/","title":{"rendered":"# Bitcoin price dip matches October 2017 with BTC \u2018explosion\u2019 still forecast before 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41a2b76e8d3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41a2b76e8d3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022\/#Bitcoin_prints_more_eerie_2017similarities\" >Bitcoin prints more eerie 2017similarities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022\/#Trader_bets_on_a_deeper_BTC_price_correction\" >Trader bets on a deeper BTC price correction<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price dip matches October 2017 with BTC \u2018explosion\u2019 still forecast before 2022 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) has dipped below $60,000 \u2014 but BTC price action is still mimicking the eye-popping 2017 bull run.<\/p>\n<p>The latest data covering Bitcoin\u2019s current halving cycle versus its previous one <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Smart_Crypto1\/status\/1453231641216929796\/\">shows<\/a> just how similar 2017 and 2021 really are.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_prints_more_eerie_2017similarities\"><\/span>Bitcoin prints more eerie 2017similarities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin has had its ups and downs this year, but as Cointelegraph reported, BTC\/USD has all but copy-pasted its 2017 fractal all along.<\/p>\n<p>Fresh analysis delivers the same conclusion \u2014 and for those concerned about Oct. 27\u2019s drop to $58,000, even this is nothing new.<\/p>\n<p>Astonishingly, the dates of price phenomena in September and October 2021 practically match 2017. Popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Smart Crypto, which noticed the trend, called for an \u201cexplosion\u201d in time for 2022.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/ca4ea8a2-edd6-4252-9228-31f0db4f9f9c.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD comparison chart. Source: Smart Crypto\/Twitter<\/em><\/figcaption><\/figure>\n<p>Utilizing Fibonacci sequences, should the rest of the quarter follow the same timeline as four years ago, significantly higher prices are in store for Bitcoin. Being an order of magnitude higher than the 2017 peak, these prices\u00a0could hit $300,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trader_bets_on_a_deeper_BTC_price_correction\"><\/span>Trader bets on a deeper BTC price correction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the short term, however, those overly long on BTC may face some serious pain, analysts warn.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Bitcoin drops $1K in five minutes in fresh dip below $60K<\/em><\/strong><\/p>\n<p>Filbfilb, the trader who forecast a potential drop to $50,000 this week, reiterated on Oct. 27 that even $57,000 looks to be unreliable as a potential local price floor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Support sir?<\/p>\n<p>Not unless your *friends* at bybit stop buying. <\/p>\n<p>Expecting Yikes to be initiated. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/H5nc6lVDfx\">pic.twitter.com\/H5nc6lVDfx<\/a><\/p>\n<p>\u2014 filbfilb (@filbfilb) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/filbfilb\/status\/1453313403678859274?ref_src=twsrc%5Etfw\">October 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Funding rates continued to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bybt.com\/funding\/BTC\">decrease<\/a> as BTC\/USD hovered at around $59,000 prior to the United States market opening.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/15ec82b1-490c-464e-a4f6-2e3da5e331a1.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin funding rates chart. Source: Bybt<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price dip matches October 2017 with BTC \u2018explosion\u2019 still forecast before 2022 &#8221; Bitcoin (BTC) has dipped below $60,000 \u2014 but BTC price action is still mimicking the eye-popping 2017 bull run. The latest data covering Bitcoin\u2019s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":358659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYzQ5ZGQwYTgtOTIwNi00NWY1LTgwMjktYTQzNWM2OWI1NDMxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-358658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/358658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=358658"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/358658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/358659"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=358658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=358658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=358658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}