Bitcoin Is Playing Out The ‘Fakeout Theory’ Again, Here’s What To Expect
A crypto analyst has revealed that Bitcoin (BTC) is repeating a historical “fakeout” pattern that has led to new all-time highs each four-year cycle. According to the analyst, if this theory holds, this cycle could see the BTC price crash to new lows before initiating an upside recovery. While the chart structure mirrors this past […]
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Bitcoin traders and enthusiasts have been eagerly anticipating the next significant move in the cryptocurrency market, with memories of the 2019 fakeout rally still fresh in their minds. However, one prominent BTC trader, known as Dave the Wave on the social media platform X, is offering a reassuring perspective. According to Dave, the conditions that […]
Traders expect BTC price to venture into the $27,000 to $32,000 range now that Bitcoin looks to secure a daily close above its current range. Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time.Evidence of this reality was on full display on July 19 after the recovery of Bitcoin (BTC) back above $23,000 was met with widespread warnings that the move was merely a fakeout before the market heads for new lows $BTC Not bad. But keep....
As the Bitcoin price has staged a rebound coming out of the weekend, the momentum has begun to skew bullish again, and expectations remain that the price will wax higher from here. Some predictions have placed the digital asset’s price lower. However, there are some who expect this to be the start of the next upward wave for Bitcoin. One of those is crypto analyst Arman Shabann, who shared an analysis of the Bitcoin price that seems to be playing out quite well. Why The Bitcoin Price Is Headed For Higher Levels In the analysis, Arman explained the current Bitcoin price trajectory as being....
Last year, when the non-fungible token (NFT) industry was frothing over, the 137-year-old playing card manufacturer Bicycle issued NFTs called the Genesis Collection and in June, Bicycle purchased Bored Ape Yacht Club #1,227. Bicycle and parent company Cartamundi Group announced on Tuesday that the playing card firm plans to launch a classic Bicycle card deck featuring the company’s Bored Ape. Bicycle Plans to Create a Bored Ape-Themed Playing Card Deck and a Physical Deck for the Genesis Collection The company that started making playing cards in 1885, Bicycle, has plans to....
A lot of predictions had put the price of bitcoin at $100,000 by the end of the year and although there are still some weeks left to go, it does not look like these predictions will come to pass. Bitcoin has however maintained a bullish trend despite price crashes and massive liquidations rocking the digital asset in recent times. Since analysts, and the crypto market in general, has been so focused on the bullish future of the asset, there has not been much attention paid to a low for the year. As the end of 2021 rolls around, it is important to not only look at the bullish end-of-year....