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Bitcoin Price $75K ‘Within Weeks’? Recovery Mimics 2013 700% Bull Run
Bitcoin (BTC) is looking like it will hit $75,000 — and that could happen “within weeks,” one analyst has found. Uploading a fresh BTC/USD price chart to Twitter on June 7, Cane Island Alternative Advisors’s Timothy Peterson unearthed an uncanny similarity to Bitcoin in 2013. Peterson eyes “almost perfect” 2013 correlation Tracking Bitcoin’s price recovery from its lows of $3,600 in mid-March, Peterson noted that its recovery almost exactly tracked price action from seven years ago. The result, he argued, could keep up the copycat move: BTC topped out at $1,300 in 2013, and a similar 700% bull run at ... (full story)