Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities
As Bitcoin (BTC) attempts to reclaim the $84,000 barrier again, the flagship crypto risks closing the Month in red numbers. Some analysts suggest that BTC’s Q2 performance could mimic its 2017 rally. Related Reading: Ethereum Price Confirms Breakout From Ascending Triangle, Target Set At $7,800 Bitcoin Retests $84,000 A week ago, Bitcoin saw a star-of-week pump to retest the $88,000-$89,000 resistance zone. The flagship cryptocurrency surged to a two-week high of $88,765, hovering between the $85,000 to $88,000 price range for most of the week. However, as the weekend approached, BTC lost....
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Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.....
Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin. BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH. Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound The next big target for....
Bitcoin is now trading over $7,000 below its peak reached to start the year – a peak that is more than double its previous all-time high. And while believers in the cryptocurrency are certain this is just another pullback before more price discovery, the similarities between the 2017 top and now are undeniably striking. Here’s […]
Crypto analyst Master Kenobi has drawn a similarity between the current Dogecoin price action and that of the 2017 bull run. Based on this similarity, the analyst suggested that the foremost meme coin could soon witness a major rally like it did in the 2017 bull run. Dogecoin Price Could Rally Based On Similarity With […]
Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why as well. To begin with, both operate(d) primarily on the Ethereum network. However, it’s the flood of fly by night projects that links the two in the minds of many. With that, in recent times, critics have […]