{"id":369367,"date":"2019-01-26T22:30:47","date_gmt":"2019-01-26T22:30:47","guid":{"rendered":"https:\/\/wncen.com\/?p=369367"},"modified":"2024-06-11T07:43:44","modified_gmt":"2024-06-11T07:43:44","slug":"bitcoin-if-history-repeats-itself-btc-may-not-reach-previous-all-time-highs-until-2021","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-if-history-repeats-itself-btc-may-not-reach-previous-all-time-highs-until-2021\/","title":{"rendered":"Bitcoin: If History Repeats Itself, BTC May Not Reach Previous All-Time-Highs Until 2021"},"content":{"rendered":"
As the Bitcoin bear market that first began when BTC reached nearly $20,000 in late-2017 persists into 2019, investors are keen to know when the markets will begin climbing back towards their previously established all-time-highs.<\/p>\n
Although there have been many positive developments in the cryptocurrency industry over the past year, if history proves to be true, it may take BTC years before it is able to break above $20,000 and surge to new highs.<\/p>\n
Lately, there has been a significant amount of talk in the cryptocurrency industry regarding whether or not BTC<\/a> will start a fresh uptrend based on fundamental price action, or based on news-driven price action.<\/p>\n Throughout 2018, many investors saw the potential approval of a Bitcoin ETF as one such event that would help Bitcoin fundamentally and lead to an influx of positive news that would allow Bitcoin\u2019s price to start a new upwards price cycle.<\/p>\n This hope was crushed, however, earlier this week when it was announced that Cboe had withdrawn<\/a> the VanEck-SolidX Bitcoin ETF application, which will likely lead to significant delays until they reintroduce this application to US regulatory authroities.<\/p>\n