Quant Points Out Striking Resemblance Between 2017 And 2021 Bitcoin Cycles

A quant has pointed out the similarities between the 2017 and 2021 Bitcoin cycles, something that could hint at how the rest of this bear market might play out.
Both 2017 And 2021 Bitcoin Cycles Saw New Lows Around The 365-Day Mark Since The Top
As explained by an analyst in a CryptoQuant post, the two cycles are more similar than one might expect them to be.
The indicator of relevance here is the “drawdown from ATH,” which measures the percentage decrease in the price of Bitcoin fol