Bitcoin (BTC) To Stagnate In $5,000 Range If History Repeats Itself. And That Isn’t Bad

It isn’t a secret that Bitcoin (BTC) has seen a stellar past week and a bit (or two months for that matter). The popular cryptocurrency has rallied by 25% in the past week, moving from $4,100 to $5,200, all while fundamental developments and mainstream adoption has continued to bless the broader industry.

But, an analyst is calling for the crypto asset to slow in the near future, specifically in terms of price action. CryptoHamster, as the analyst is known, cites Bitcoin’s price action in 2015 and 2016, which marked the last time the crypto market found a bottom.

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