Raoul Pal, co -founder and CEO of Real Vision Group Drawn The similarities between the performance of the encryption market in 2025 and 2017. According to Paul, the machine structure is “very similar”.
At that time, Bitcoin witnessed a total of five main declines. These decline processes usually last for two or three months before the cryptocurrency reaches new levels.
Meanwhile, Altcoins usually record major corrections of up to 65 %.
This withdrawal ended in being a “noise”, according to Paul.
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“Go, do something else more than staring on the screen,” the analyst said.
Earlier today, Bitcoin price decreased to the lowest level of the day at 93,775 dollars. The cryptocurrency is now 13.3 % away from reaching a new standard. Its peak has ever reached 108,786 dollars more than a month ago.
It is worth noting that Pal lost his patience in 2017, and decided to sell Bitcoin again in May 2017. Claim Its causes for the encrypted currency may “shrink”. Later that year, the cryptocurrency witnessed amazingly, increasing to nearly $ 20,000, the price level was unable to reach until late 2020.
In December, reading from the cryptocurrency was able to exceed the level of $ 100,000 for the first time. However, the work of bitcoin has been somewhat frustrated since then.
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Last week, Bitcoin approached the recovery of the above level. However, the devastating BYBIT penetration threw $ 1.4 billion in bulls.
According to the hadith a report By Bloomberg, Altcoins is currently suffering due to negative emotions after the various Mimi currency failures.
