Analyst Symbiote presented a chart demonstrating a potential repeat of Bitcoin's bull cycle from 2017, garnering interest in the crypto community.
Comparison to 2017
Analyst Symbiote compared Bitcoin's current movement to its trajectory in 2017, suggesting that a significant rise in the asset is expected in the short term. The published chart shows an alignment of the current 2025 structure with Bitcoin's daily chart from mid-2017, when the cryptocurrency experienced several months of consolidation before a major rally. 'The September dump has already happened,' the analyst notes, adding that the current price zone configuration is similar to that observed in 2017.
Potential Targets for Bitcoin
According to the information presented, Bitcoin could reach price levels above $180,000 and even approach $200,000 if the bull cycle replays based on comparisons to 2017. The analyst highlights that current consolidation occurs in the range of $105,000 to $108,000—a support zone also marked in 2017 ahead of a sharp price increase.
Analysis of XRP and Its Relation to Bitcoin
In light of Symbiote's forecasts, other cryptocurrencies such as XRP are also updating their positions. Analysis suggests that XRP is undergoing a similar decline as seen in 2017 and may soon exhibit significant rally potential. Some analysts have suggested that if Bitcoin reaches $200,000, XRP could rise to $4.96.
The overall comparison draws parallels between Bitcoin's current state and its history in 2017, hinting at the possibility of the next major rally in the crypto market.
