How Bitcoin’s 2020 High Compares To Past Bull Market “Tops”
Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold. Although the correction has been steep, the selloff closely resembles the last bull market’s most violent […]
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According to Huobi co-founder Jun Du, Bitcoin is unlikely to experience a strong bull run until 2025. His analysis is based on certain crypto specialists’ assumption that the coin’s current run is coming to an end. Surprisingly, Du has always aligned with Bitcoin’s bull run history. The asset’s value reached as high as $69,000 during the 2020 bull run, which ended months before the mining reward was reduced from 12.5 BTC to 6.25 BTC. Bitcoin Bull Run: 2025 However, Bitcoin has lost more than 40% from its previous peak. To put this in context, Bitcoin’s last bull run in 2018 saw the coin....
Is Bitcoin’s bull run over? This crypto analyst doesn't think so. Bitcoin’s (BTC) price has declined over the past day or so, falling from highs above $60,000 to below $50,000. That, however, does not necessarily mean the asset’s bull run is over, according to a well-known crypto analyst, PlanB. “Nothing goes up in a straight line,” PlanB said in a Tweet on Friday. “#Bitcoin has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.”PlanB is known in the crypto industry for his Bitcoin Stock-to-Flow, or S2F, model. The model....
Bitcoin’s price is moving sideways in a critical support zone. At the time of writing, BTC’s price is trading at $55.780 with 0.3% in the daily chart and 7.3% losses in the weekly chart. According to Arcane Research’s most recent report, BTC’s 2020 and 2021 bull run has been heavily affected by the dynamics from […]
More people use Bitcoin now, but transaction fees are much lower than during the 2017 bull run. As Bitcoin (BTC) keeps hitting new all-time highs past $20,000, its network fundamentals paint a different picture compared to the previous 2017 bull run.Three years ago, on this very day, Bitcoin reached its first major all-time high of $20,000, recording up to 2,000% gains for that year. Over the course of 2020, Bitcoin enjoyed another price rally pushing its price to new historic highs and crossing $23,500 on Dec. 17 for the first time ever.Comparing the bull runs of 2017 and 2020, one may....
Bitcoin’s breakout above $43,000 puts the price at a multi-month high and possibly reignites the bull market that traders have been anxiously awaiting. Bitcoin’s (BTC) price rallied to a multi-month high at $43,231 on August 6 and this allowed the digital asset to break free of the trading range it had been stuck in since May. Data from Cointelegraph Markets Pro and TradingView shows that after trading sideways through the early morning hours on Friday bulls staged a rally that lifted the price of Bitcoin (BTC) to an intraday high at $43,231, its highest level since May 19. BTC/USDT 4-hour....