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....
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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,....
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 […]
Cold hard numbers are showing why Bitcoin moons and dumps — and the reasons are more straightforward than you might imagine. Bitcoin (BTC) is still at the “low end” of a 2021 bubble, new data tracking miner and investor behavior suggests. In the latest signal that BTC price action still has major growth potential, researcher Geert Jan Cap showed bullish signs coming from Bitcoin’s thermocap. Thermocap suggests Bitcoin just getting startedThermocap is a metric which aims to track Bitcoin price cycles based on actions taken by miners and investors with regards to buying and selling BTC.It....
Bitcoin price is back above $50,000 and its return to the key resistance level has brought a potential bull market fractal back into focus. The bullish fractal in question suggests that another leg up in the crypto bull cycle is coming, matching the epic 2013 rally grand finale. If the potentially repeating price pattern playing out similarly isn’t quite enough to convince, two separate technical indicators on monthly timeframes also appear to match the conditions that prompted one of the largest rallies in the cryptocurrency’s history. Is A Clean Break Of $50K The Trigger To....
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....