Bitcoin Perfectly Follows Market Cycle Comparison, What Comes Next For Crypto?
Bitcoin price continues to stagnate and move sideways, but according to the cryptocurrency following an Elliott Wave market cycle, a break in the boredom is due soon. Price action follows the predicted path so perfectly, that when layering Bitcoin directly over the comparison, there is little room for doubt about what comes next for crypto. Take a look for yourself and decide. All About Elliott Wave Theory And The Guideline of Alternation Bitcoin is maturing with each passing bull cycle, but it remains a speculative asset. As such, narratives tend to drive the price action. When the....
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There is no denying that Bitcoin has been ripped to shreds by bears over the last several months after setting a new all-time high in November last year. Even with new highs, the rally is largely viewed as a failure without a dramatic cycle conclusion. But what if that rally was part of a bear phase, that only now is about to end? In a new direct comparison between bear phases in Bitcoin since 2018, it could indicate that it is almost time for another bull season any day now. Bull Market Cyclical Behavior Months ago, the term “few” was thrown around by the crypto community....
PRESS RELEASE. Leading crypto service comparison site, Cryptowisser has now released its revolutionary VS comparison tool, which helps you compare cryptocurrency exchanges against each other in an instant. Comparing cryptocurrency exchanges has – up until now – been very difficult to do. To use the VS comparison tool, you simply input the exchanges you want to compare, and you are then presented with a comparison table, showing the following features of each exchange you want to compare: User scores Trading fees Withdrawal fees Deposit methods Number of supported cryptos,....
A crypto analyst has revisited long-term charts from 2012-2015, noting that the current Bitcoin (BTC) cycle shows striking similarities to this timeline, in terms of the Relative Strength Index (RSI) and price action. During the 2017-2015 bull run, BTC experienced one of the strongest multi-year advances before bottoming out. The market expert claims that the same sequence of peaks and pullbacks observed in that timeline is now unfolding again in this cycle. Bitcoin RSI Comparison Signals Bottoming Structure Bitcoin’s latest momentum study by crypto analyst Tony Severino has drawn....
The cryptocurrency market finds itself at a compelling crossroads, and Ethereum has once again returned to a pivotal on-chain support zone that has historically marked major turning points in its market cycle. With ETH now pressing against this same support, the market is exhibiting a strong reaction that could confirm the integrity of the long-term trend. Why This On-Chain Support Zone Defined Ethereum Recovery Ethereum’s price is sitting right on top of its most important on-chain support, and the behavior around this level is exactly what occurs before a big reversal. A popular crypto....
Bitcoin price still can’t crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there’s no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is “nowhere near.” Here’s a closer look at why the model’s creator is so confident in further price appreciation, along with a technical look at where the cryptocurrency could be in the current cycle, in comparison […]