US Dollar Projected to Hit Cyclical Bottom in 2025—What Does It Mean for Bitc...
It is safe to assume that Bitcoin’s parabolic rally in 2020 has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story. In March 2020, a 60 percent crash in the Bitcoin market coincided with an 8.80 percent jump in the US dollar index, a barometer to […]
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The bitcoin price tends to be cyclical, and we’re all trying to time the bottom. Can hash ribbons be the metric that predicts it?
In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022 In this video, we use Hurst Cycle Theory and its several key principles to go through the process of phasing out Bitcoin market cycles to predict when the cryptocurrency will begin to rise again. Cycle analysis consists of visual analysis, using a spectrogram, phasing the dominant....
The cyclical nature of Bitcoin bull and bear markets means that $60,000 is mathematically more likely to be a floor, not a ceiling, in future. Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls.In a tweet on Oct. 14, popular Twitter account TechDev again highlighted historical data which has so far accurately tracked Bitcoin's highs and lows.How about an 80% BTC price crash to... $60,000?While BTC/USD is tipped to retake all-time highs and climb to six figures this year, investors' attention is already....
Sliding US bond yields undermined the dollar and prompted bitcoin's climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower this Friday on signs of firmer yields and a rebounding dollar.
The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that has sent shockwaves through the market. This news raises urgent questions about the immediate future of Bitcoin’s price trajectory. Amidst this market turmoil, several prominent cryptocurrency analysts have weighed in, offering their insights on whether Bitcoin....