Bitcoin is repeating the 2017 pattern, historic milestone is approaching

Bitcoin price is currently touching a historic high, just  0.5%  away  from the $100,000 mark , after hitting an intraday high of  $99,486  in the past 24 hours.

According to forecasts, this cryptocurrency could reach this important milestone as early as  this weekend .

2017 Cycle Repeat?
Analyst Tony “The Bull” Severino compared the current Bitcoin price action to 2017  , when the coin first crossed the psychological  $10,000 threshold .

At the time, Bitcoin nearly doubled  in just two weeks  after breaking this milestone.

Now, Bitcoin's rally is taking place on a larger scale, towards the  $100,000 mark , which has more important psychological significance.

Bitcoin Price Could Skyrocket?
Severino predicts that if Bitcoin breaks above  $100,000 , the price could increase by another  100%  in a short period of time. However, he also warns of the possibility of  a major correction  after the peak, similar to the 2017 bull run.

The peak of this cycle could come in about  two months , rather than just two weeks.

How Has the Market Changed?
Unlike 2017, the current bull run is driven largely by  interest from large institutions , particularly through  spot Bitcoin ETFs .

This creates a more stable bullish momentum, compared to the previous period when the market was largely dependent on individual investors and Bitcoin whales.

Where is Bitcoin?
At the time of writing, Bitcoin is at  $99,032 , up  2%  in the last 24 hours. Everyone is waiting to see if Bitcoin can hit  $100,000 and usher in a new explosive period in the history of cryptocurrencies.