The previous two cycles may provide an indication of where BTC prices might head after the previous all-time high was broken.
When the 2017 all-time high of $20,000 was breached in December 2020, BTC prices doubled within a month.A similar analysis was provided by “Alpha Analysis” on May 23 in a post on X. They added that in 2014 and 2017, there were multi-week corrections after the brand-new price peak and before the following parabola.In 2021 the price of Bitcoin doubled in just 4 weeks after it established brand new all time highs.
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