The Bitcoin Bear Market Is Over: Here’s Where We Are In The Cycle
Bitcoin is once again at the center of a fierce debate. While many market participants have interpreted recent weakness as the beginning of a new bear market, crypto trader @CryptoFergani argues the opposite. According to his assessment, the market has already endured its bearish phase, and current conditions point to a different stage of the cycle altogether. Bitcoin’s Bear Phase May Already Be Behind It To understand his argument, it is important to look beyond daily price swings and focus on the larger structure of the market. @CryptoFergani’s chart presents Bitcoin moving within a....
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The Bitcoin bull cycles have always been similar in the fact that each one has always ended with the Bitcoin price multiples higher than the previous high. While the digital asset has hit new all-time highs this cycle, it is far from being multiples of the previous all-time high, and has yet to hit the 2x mark. However, with a lot of similarities popping up between this cycle and what was seen in 2017, there is still the possibility that the Bitcoin price will run higher from here. Bitcoin Price Mirroring 2021 Cycle Moves Crypto analyst Merlijn The Trader took to X (formerly Twitter) to....
With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has....
A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) next all-time high and potential market bottom. According to the analyst, BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded BTC’s explosive upward rallies. Based on these patterns, the expert projects that if BTC has found a bottom near $60,000, then the next likely top could be around $200,000. Bitcoin Cycle Analysis Points To Final Market Bottom Crypto market expert Ardi has shared a new....
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....
With the Bitcoin price struggling recently, the expectations are that the crypto market is headed into another bear run. This is characterized by Bitcoin losing $100,000 after over four months, and has not been able to reclaim this major level. Meanwhile, sell-offs among whales have continued, putting billions of dollars worth of selling pressure on the cryptocurrency. As such, the probability that Bitcoin is going into a bear market has shot up considerably during this time. Analyst Warns Of Imminent Bitcoin Bear Market Crypto analyst Titan of Crypto has taken to the X (formerly Twitter)....