Bitcoin’s Wild Ride: Is it 2017 All Over Again? Or Are We Just Crying Wolf?

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Key Takeaways (Because We Like Lists):

  • Shutdown volatility is basically the sequel to 2019’s post-shutdown drama.
  • Cycle structure is still giving us 2017 vibes – seven dips, then BOOM, top of the world.
  • Dips are shrinking, so get ready for the suspense before the next big thing.
  • The $92K-$96K zone is like the ultimate cliffhanger – what happens next could change everything.

Oh, Bitcoin. Just when we thought you couldn’t get any more dramatic, you decide to drop down to $95,800. After a chaotic sell-off triggered by, well, everything (the U.S. government shutdown and whatever macro chaos is trending), it looks like Bitcoin’s going through another one of those classic “I’m fine, no seriously, I’m fine” meltdowns. Kind of like 2019. But, you know, without the cute cat videos to cheer us up.

Shutdown Turbulence: Déjà Vu, But Make it 2019

Bitcoin’s move feels almost like it’s following a script from 2019 when the price crashed after the shutdown was over. Crypto Rover was all like, “Hey, this isn’t an anomaly, it’s just what happens when macro resets decide to steal the show.” The big question though is: Is this a brief phase of panic or the start of something much, much worse? Stay tuned for the plot twist.

Despite all the “SELL SELL SELL!” panic, some analysts are out here saying, “Relax, folks. This is part of the plan.” EGRAG Crypto, for example, thinks the 2017 cycle and the current 2025 one are basically twins. And if we’re going off that model, we’re looking at seven dips before the big explosion. But here’s the kicker: In 2017, those dips averaged about 37%, while this time around, we’re seeing a more reasonable (dare we say less dramatic?) 25% drop. Still, it’s the same pattern, so buckle up.

Cycle Check ✅ → $175K Loading…

Same blueprint, different decade:

🟢 Seven dips before we get to the final act ▫️ 2017 dips: ~37% ▫️ 2025 dips: ~25%

🟢 Different depth, same rhythm: Almost done with the dance, people!

– EGRAG CRYPTO (@egragcrypto)

Final Dips: Like the Final Season of Your Favorite Show (But More Intense)

And here’s the thing: The last three dips in both cycles are like the final episodes of a drama series. In 2017, we had drops of 39%, 41%, and 33%, which were basically the equivalent of a slow-mo car crash. Now in 2025, the drops are 30%, 32%, and 28%. Still dramatic, but somehow less chaotic. EGRAG is like, “No worries, this is just the pressure building up before the big, explosive rally.” Sounds like something we could all use in our lives right now, right?

So, if we’re following this script, we’re headed straight for an 85-degree rally (yes, 85 degrees – it’s practically a summer heatwave for Bitcoin). The projection? Oh, you know, just a casual $175K. No big deal.

But on a more serious note, short-term signals are saying the bears might be losing their grip. Bitcoin is oversold, RSI is flirting with 35, and the MACD is starting to flatten. This could be the early signs of a shift, but hey, let’s not start celebrating just yet.

Traders are eyeing the $92,000-$95,000 zone like it’s the last donut at a work meeting. A rebound from here could set the stage for the final act. Or, you know, a giant crash. Who knows? The suspense is killing us.

Macro Drama and Sentiment: The Plot Thickens

While the cycle structure looks promising, macro uncertainty is still here to keep us up at night. Leverage has been wiped out, open interest is diving like a bad reality show, and sentiment is about as optimistic as a rainy day. Historically, these are the kinds of conditions that lead to the early stages of a Bitcoin bull run. But will we see a repeat of 2017, or will global economic chaos step in to ruin the fun? The jury’s still out.

As of now, Bitcoin is trying to recover from its low, trading near $95,800. But whether this is the calm before the storm or just another false alarm is anyone’s guess. One thing’s for sure: the $92K-$96K zone is about to decide if we’re in for a massive parabolic phase or a full-on panic attack.

Disclaimer: This article is for educational purposes only and not financial advice. Consult a licensed financial advisor before making any investment decisions. We’re just here for the drama, folks.

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2025-11-16 16:31