Bitcoin top signal from 2017 reappears, but here’s why it may not matter this...
The price of Bitcoin rose to $20,000 in 2017 and crashed. According to Glassnode, the same top signal has emerged, but feels different this time for several reasons. In 2017, the price of Bitcoin (BTC) reached as high as $20,000 before crashing rapidly. Now, the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing rally feels significantly different for other reasons.Bitcoin typically pulls back when whales take profit, causing a ripple effect throughout the cryptocurrency market. As such, when....
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Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the […]
Encrypted messaging app Signal has started accepting donations in 12 cryptocurrencies including Bitcoin and Ether. Users of major privacy-oriented messaging app Signal can now support the project with cryptocurrencies like Bitcoin (BTC).Signal officially announced Monday that the platform has started accepting crypto donations as a form of support for the Signal Technology Foundation, the nonprofit organization behind the app. “As a nonprofit organization, we depend on your support. If you've been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl....
Bitcoin has flatlined over recent weeks, entering a trading range between $10,000 and $11,000. On a macro basis, not all analysts are convinced that BTC is in a full-blown bull market. There are a number of resistances above Bitcoin’s current price that could mark highs of a medium-term rally. Despite this, there are crucial on-chain indicators suggesting that the cryptocurrency has room to move higher. One such indicator, which formed in 2017 prior to a […]
Bitcoin is in a bull market and anyone who understands the cryptocurrency’s potential knows that much higher prices are ahead in the short- and long-term. But how high would prices actually reach if the cryptocurrency’s price action mimicked the epic 2017 rally, tick for tick? An analyst at Ark Invest has come up with a […]
A quant has pointed out parallels between the current and the 2017 Bitcoin cycles, something that may contain hints about what’s next for the asset. The Current Bitcoin Cycle Has Shown Interesting Parallels With The 2017 Cycle As explained by an analyst in a CryptoQuant post, there have been five interesting recent events in the current cycle that are similar to what was seen in the 2017 cycle. The 2017 cycle hit its top in December of that year, while the current cycle hit its top back in November of 2021. The entirety of these cycles isn’t relevant in the context of the....