We've seen this before... by jrcornel

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· @jrcornel ·
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We've seen this before...
# Bitcoin dropped 33% in September of 2013 before going up another 1200%

We've seen this type of setup before...

Not only have we seen China ban bitcoin many times, we've also even seen it happen in September.

Back in 2017 China banned bitcoin and 3 months later it hit $20k.

And in 2013 we had a large dip in September before going up another 1200% for the second leg of its bull market rally:


![image.png](https://cdn.steemitimages.com/DQmcH4PVjTyD5LGKFeETzyuMJenskWLzVygqLm5EezF7aTB/image.png)


(Source: https://twitter.com/BTC_Archive/status/1441754709371543554/photo/1)

After that drop the next 8 weekly candles in a row were green...

Hopefully history repeats!
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