Here’s Why The Current Bitcoin Bear Might Last A While Longer
Bitcoin has been consolidating between the realized price and the balanced price for three months so far, here’s why this can suggest the bear market may still have some ways to go before it concludes. Bitcoin Is Currently Below, But Near, The $21.1k Realized Price According to the latest weekly report from Glassnode, the realized and the balanced price models are suitable for approximating the bottom formation range for BTC. The “realized price” is a Bitcoin value model based on the idea of realized cap. In simple terms, what it represents is the cost-basis of the....
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A look at previous bitcoin bear market cycles shows two distinct phases of capitulation and can give insight into how much longer the bear market will last.
The bear market carries a lot of implications for investor depending the assets they’re invested in, and for untested market such as the decentralized finance (DeFi) market, the implications can be even worse. The space is already fraught with a lot of issues around insecurity. But with the bear market coming, one would think the […]
Ethereum has struggled alongside Bitcoin through the current bear market climate but this has not stopped bullish predictions for the digital asset. The most recent bullish prediction comes from British multinational bank Standard Chartered which believes that the Ethereum price could climb higher than $8,000. Factors That Could Trigger The Rise Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank has revealed his forecast for the Ethereum price in a research note. According to the researcher, he sees big things in the future of the digital asset which could climb....
Calling a market bottom is impossible, but traders can use these five indicators to get an early signal of when a bear market is close to ending. The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline. Prices are dropping daily, and the current question on everyone’s mind is: “when will the market bottom and how long will the bear market last?”While....
Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse. Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief.Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s The Week Onchain report from June....