#XRPETFIncoming? Repetition: The Next Major Cryptocurrency Pump Phases Are Major Adjustments Repetition: The Next Major Cryptocurrency Pump Phases Are Major AdjustmentsHistory Repeats: The Next Major Cryptocurrency Pump Phases Are Major Adjustments

The cryptocurrency market is no stranger to strong surges and sharp declines. Historically, every significant price increase driven by hype has been followed by a substantial correction. Let’s explore some key moments in Bitcoin's history, analyze the patterns, and evaluate what might happen next.

1. China's cryptocurrency approval (2019)

BTC Pump: Bitcoin surged to around $13,800 in June 2019 following speculation about widespread adoption due to China's interest in blockchain.

The Hype: Optimism spread as investors believed in the potential of blockchain to revolutionize industries.

BTC Adjustment: The price of Bitcoin fell by 52% in the following six months, dropping below $7,000.

2. Tesla adds BTC to the Balance Sheet (2020)

BTC Pump: Bitcoin skyrocketed from around $40,000 to an all-time high of approximately $64,000 in April 2021, driven by Tesla's widespread adoption.