Bitcoin has been on a roller coaster ride recently. Following a significant drop in its price, market analysts and veteran traders are drawing parallels between the current market trends and previous cycles.

Specifically, the recent movements are reminiscent of bitcoin’s behavior before the 2016 bull run, sparking optimism about a potential upcoming surge.

Peter Brandt, a well-respected trader in the community, has been vocal about the similarities between bitcoin’s current decline and its price action before the 2016 bull run.

In several posts on social media platform X, Brandt highlighted these patterns, suggesting that history might be repeating itself.

Peter… Read more on bitcoinnews