• Bitcoin appeared to be repeating the 2020 run, an analyst noted.
• The true price discovery run of BTC might have to wait till September 2024.

Bitcoin [BTC] posted an all-time high of $73,835 on the 14th of March according to data from Coinbase. It has broken its previous ATH before the halving, which is expected to occur on the 23rd of April. However, estimates vary from 15th April to 23rd April.

This did not occur in the previous cycle when BTC was trading at $9k, just under half of the 2017 high of $19.9k. This led to one analyst theorizing that BTC could be experiencing an accelerated cycle, but the similarities remained.