Bitcoin went from $8,000 to $10,000 in 11 days in 2017-could it happen again?

During the bull run of 2017, Bitcoin's price jumped from $8,000 to over $10,000 in 11 short days.

Seeing how Bitcoin currently hovers around the $8,000 mark, many believe its value could catapult to 2017 highs in much the same way.

Bitcoin's YTD price surge points to another bull run.

In November 2017, Bitcoin had a speculator jump from $7,800 to almost $20,000 a month later.

While Bitcoin managed to jump to $8,000 in just 6 months, most of its growth happened in April and May. Thomas Lee, the co-founder of Fundstrat Global, said that Bitcoin historically recorded the majority of its gains over a handful of days.2/ Reminder that BTC generally generates all of its performance within 10D of any year.

Saunders said that the last time Bitcoin hit the $8,300 mark, it only took 13 days to achieve a new all-time high at $20,000.

While most predictions about the future of Bitcoin are optimistic, there seems to be a lack of consensus among traders on when another bull run will happen.

One person on Twitter made an interesting assertion-there are no reasons why Bitcoin should stay at $8,000, but there are a ton of reasons why it could grow way beyond its all-time-high.

There is an argument to be made that Bitcoin will be able to reach its ATH much faster in 2019, as the entire crypto industry has seen unprecedented expansion.

Earlier in May, the same user pointed out that the last time Bitcoin broke the $8,000 mark no major companies or financial institutions were backing it.