This is bubble my friend. Its the formation in which price does not finds supports, especially below bubble formation. Its the formation in which price go parabolic until your taxi driver asks you about bitcoins.
What we saw in 2017 was 5x $4k to $17k,
2019 $3k to $12k 4x
In 2020 $6k to $60k 10x
Nah. In 2017 it was from 750 to 19700 - x26 in 12 months not x5 my friend and whole bubble from bottom to top was x127. Current bubble is x7 in 12 months (not 26) and whole bubble from dip to moon is x20. Se we are nowhere close to 2017 phenomena. We are closer to 2016, where everything was just starting to accelerate.