Bitcoin is quietly adopting a pivotal aspect from the 2016 bull market, signaling potential implications at the $75,000 mark. Trader Jelle recently drew parallels between the current BTC price action and the market behavior of early 2017, highlighting similarities with past bull cycles. Despite achieving a new all-time high in 2024 before a block subsidy halving, indications propose further notable gains for Bitcoin. The relative strength index (RSI) emerges as a significant determinant, showcasing similarities to early 2017 trends. Bitcoin typically demonstrates its strongest upwards movement when the RSI exceeds 70. Opinions are divided regarding Bitcoin's immediate trajectory, with forecasts ranging from a retraction to $60,000 or even lower levels. Notably, this article refrains from providing investment advice and encourages readers to conduct comprehensive research before making any financial decisions.