The Ultimate Launchpad? Why Bitcoin’s Current Price Action Mirrors the 2017 and 2020 Bull Runs

Bitcoin briefly climbed past $71,000 early Friday, as it slightly bounced back from earlier weakness. This comes as authorities worked to address oil supply disruptions in the Strait of Hormuz and restore market stability. Amid these developments, Bitcoin is nearing a long-standing support trendline that has “guarded” its price action since 2017. Support Floor According to data shared by crypto analyst Al…