(Source: Coinbase - Bitcoin price right now)
Just take a look at the above price chart for Bitcoin. We're a long, long way from where we started. And since my previous post on Bitcoin performance just under a week ago when I was comparing the bull run of 2017 to where we are now it is wonderful to see that BTC continues to perform just as strongly as in May 2017.
Only a few days ago Bitcoin was trading around the $103k mark which was a nice little increase on the previous week. Take a look where we were just a few days ago.
(Source: Coinbase - Bitcoin price 17/5/25)
In my previous post I discussed how the reference point for what may happen in the cryptosphere in 2025 is not 2021 but more 2017, as the world wasn't being upended by a global pandemic that year.
It was in May 2017 when Bitcoin started to move vertically and continued on that trajectory culminating in an epic bull run that saw the game entirely change for crypto, with Bitcoin hitting $17k by the end of 2017. It does indeed appear at the moment this trend is repeating and this month we have seen Bitcoin climbing again, we are seeing a solid performance.
This mirroring of 2017 is very encouraging and hopefully if Bitcoin continues to climb it might just reach that magic number of $120,000, which many believe is the critical threshold for the start if an altseason. Right now all the indicators are looking very good.
Come on Bitcoin you can do it!
Peace!