Something amazing is happening here with Vechain, VETBTC. Right now this pair is trading at the lowest price point in the past five years.
Cryptocurrency traders and investors are keeping a close eye on VeChain (VETBTC) after it hit the lowest price point in the last five years.
According to a recent X post by Alan Santana, VETBTC is currently trading at 340 satoshis, a price level last seen in September 2019. This record low is said to mark the end of the bear trend and the beginning of a bull run.
When VeChain hit this price in 2019, it sparked a massive bull trend. Over the next 595 days, the token surged 1,291%, fueled by three major rallies. The current market conditions are said to be strikingly similar to early 2019, suggesting a high probability of another bull market.
Thisịp amazing happening here with Vechain, VETBTC. Right now this pair is trading at the lowest price in the past 5 years and the lowest price on the lower timeframe as well, as you can see from the chart. This is the lowest price since September 2019, which is when Vechain bottomed out.
When we look at the chart here and see that VETBTC is now at 339 satoshis, which is the lowest level since September 2019. Back then, the token went on an incredible bull run, rising 1,291% over the next 595 days, thanks to three major rallies.
Now, if we compare the early 2019 and 2023 charts, we can see some striking similarities. Both periods featured a prolonged bear trend, followed by a series of lower highs and lower lows. In 2019, VeChain bottomed out at the third lower low, which was the beginning of the bull trend.
Similarly, in 2023, VETBTC is forming a third lower low, which could mark the end of the bear trend and the beginning of a new bull market.
This analysis also points to the possibility of an unprecedented bull market in 2025, perhaps ranking among the largest in cryptocurrency history. With the increasing globalization of the economy and the wider acceptance of cryptocurrencies, many investors stand to gain substantially.
Given that VET prices are still incredibly low, even by today's standards, this period could be ideal for anyone willing to wait several years to catch the wave in the future market.