A little bit of history repeating? The numbers behind Bitcoin’s bull run
What’s different about crypto in 2021 compared to 2017, and where does this current Bitcoin rally sit in terms of BTC’s cycle? The idea of market cycles is widely accepted in finance. The most basic principle is that what goes up must come down. The underlying rationale is that investors will accumulate when prices are low, causing prices to rise. As the price reaches a peak, sell pressure will take over as holders seek to cash out, thereby pushing the price back down. If you bought Bitcoin (BTC) in 2017 or earlier, this will sound eerily familiar. It essentially describes what happened....
Related News
This op-ed is all about inspiring you to look at the future from a different perspective. Getting you to look at the world, at Bitcoin, and how they fit together in a totally different fashion. People today are all caught up in the US Dollar price of Bitcoin and the ups-and-downs of Bitcoin's value relative to a fiat currency. That misses the entire point of what Bitcoin is, and why it's here. It's here for you. It's not here to compete with dollars, for dollars. And Bitcoin can make history, most likely by repeating history in its own image. Also read: The Promise Of Bitcoin Is Important,....
History might be repeating itself, and according to influential crypto analyst TechDev, Bitcoin could see what could possibly be the largest explosion in the last five years. According to TechDev, two key factors support this narrative: the large amount of available money due to high global liquidity, and the movement of investments away from gold […]
Dogecoin (DOGE) could be on the cusp of another massive rally, according to an analysis from technical analyst Kevin (@Kev_Capital_TA). He believes the current correction closely mirrors the pattern that set the stage for DOGE’s explosive gains during its previous bull cycle. In his view, the DOGE price crash over the days, measured by percentage, […]
Key Takeaways: 1️⃣ Historically, November has been one of Bitcoin’s strongest months, with average gains exceeding 30% in bull years and previous cycles leading directly into new all-time highs. 2️⃣ Despite October’s 11% pullback, Bitcoin’s resilience — coupled with rising ETF inflows and treasury accumulation — has set the stage for a potentially explosive November […]
It’s time for another edition of “By The Numbers.” This time, we’ll use a pseudonymous analyst’s numbers to find out if Tesla is in the red when it comes to their Bitcoin holdings. The caveat here is, if bitcoin’s price loses the $30K level, could Tesla’s board pressure Elon Musk into selling? And if they […]