This Bitcoin “Heatmap” Suggests A Blazing Cycle Peak Is Still Ahead
Up until the recent recovery, Bitcoin appeared headed for a bear market. The market seemed convinced a peak occurred back in November, and that would be it for some time. However, a “heatmap” of the 200-week moving average might indicate that the top cryptocurrency still has a cycle peak ahead – and will go out with a blaze of glory. Bitcoin Bull Run Embers Could Ignite Into New Flames To many investors who were expecting Bitcoin price to be at $100,000 or more to close last year, the number one cryptocurrency by market cap has come up significantly short. The once widely cited....
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According to the latest Gartner Hype Cycle report, Blockchain technology is just about at the Peak of Inflated Expectations. Meanwhile, cryptocurrencies such as Bitcoin and related businesses like exchanges are further ahead in the Trough of Disillusionment. Peak Blockchain? Gartner has recently released its report Hype Cycle for Emerging Technologies,....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing. However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically....
Although there has been a slight bullishness in this current crypto cycle, with Bitcoin (BTC) hitting a new peak above $73,000 in March, it is worth noting that this crypto cycle still appears to be different from other past cycles. Particularly, unlike previous cycles, which bolstered new inventions, the current period is yet to introduce […]
The "Bitcoin Bubble Index" is heavily hinting that another BTC price local peak will come this year. Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests.In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle.Bitcoin gears up for second peakBitcoin has divided opinion over whether its 2021 bull run is more like 2013 or 2017 — the other two years which immediately followed block subsidy halving events.Looking at one metric, unrealized profit and....