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- Bitcoin’s price action and market structure align with previous bull cycles.
- While historical trends support a bullish outlook, investors should remain cautious of external risks.
Bitcoin’s [BTC ($80,870.15)] current price action mirrors its March 2017 cycle, where BTC was still nine months away from its peak.
If history repeats, BTC could enter its next “extreme greed” phase by Q4 2025, signaling the final leg of its bull run.
In that case, what is BTC’s long-term price target if this cycle follows past patterns?
Bitcoin’s RSI signals a repeat of 2017 cycle
A recent X (formerly Twitter) post highlighted that Bitcoin has returned to critically low RSI Bollinger Band % levels.
When BTC’s RSI Bollinger Band % reaches critically low levels, it suggests the asset is deeply oversold within its volatility range, often signaling a potential rebound.
This pattern is similar to what happened in 2013, 2016, and 2020, just before Bitcoin reached new all-time highs.
Notably, RSI Bollinger Bands now mirror 2017, when Bitcoin bottomed below…
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