Bitcoin 77% Correction To $25,000, Will History Repeat Itself
Based on historical records, after every Bitcoin (BTC) bull run, a bear market hits, and this cycle may be no different. Analysts forecast that the upcoming bear market may see the price of Bitcoin dropping as low as $25,000. This decline would represent a whopping 77% crash, pushing BTC to a possible market bottom. Analyst […]
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Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open. Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting in Bitcoin's market dominance rising as a result. But will history repeat and produce a dull, corrective March?....
Mark Twain said that history doesn’t repeat, but it often rhymes. Such a scenario could be about to play out in Bitcoin, according to a potential fractal that mimics the setup before a previous record-breaking rally. While the conditions aren’t quite the same for an exact repeat, there could be enough for the price action now and then to rhyme just enough. Let’s take a closer look. Record-Breaking Bitcoin Price Fractal Found, But Is It Valid? Markets are cyclical and patterns repeat in those markets so often, they can be used to predict the future. Most of the....
Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC....
The crypto market has been struck by the bears. In 24-hours, Bitcoin and the major cryptocurrencies have seen a price correction. The king itself dropped almost 20% to the mid $40,000 range before showing sing of a recovery. At the time of writing, BTC trades at $48,546 with a 12.3% in the daily chart a […]
With the increasing adoption of Bitcoin, cypherpunks have once again risen to prominence. As Gregory Maxwell and Peter Todd, self-proclaimed cypherpunks, and Adam Back, the inventor of Hashcash, pave a path for BitcoinCT r: 8, their vision highlights a cautious approach in an attempt to not repeat the mistakes of the 90s. Are they right or are they about to repeat the precise mistakes they wish to avoid? Gregory Maxwell, one of the five core Bitcoin developers until recently, revealed in a post two months ago that he and Todd had a long history with Bitcoin. Maxwell says: “In 2001 Peter....