Bitcoin is looking like November in 2017Bitcoin / U.S. dollarBITSTAMP:BTCUSDSimon-RoseBitcoin’s current price action mirrors its 2017 cycle structure, suggesting potential for a major breakout. Chart Structure and Pattern Recognition This chart highlights the classic Elliott Wave five-wave pattern seen in Bitcoin’s 2017 bull run: a strong impulsive sequence (waves 1, 3, and 5) bracketed by healthy corrections (waves 2 and 4). The move culminates in a dramatic breakout above key resistance, followed by an aggressive rally and sharp post-peak correction, capturing both trend acceleration and market psychology at a cycle top. Implications for 2025 Bitcoin’s price structure today closely resembles the 2017 formation — both cases show a multi-month consolidation leading to breakout, followed by a parabolic fifth wave. If this fractal repeats, Bitcoin may see another substantial rally after consolidation, echoing the euphoric breakout of Q4 2017. This suggests traders should watch for a decisive break above resistance and be mindful of rapid trend reversals near cycle highs.