Bitcoin Trends To Downside, Why The Stock Market Could Be A Bull Problem
This year, we have seen Bitcoin go down to $30,000, double to $60,000, then reach November’s all-time high over $68,000 and tank once more around 20% on the same month, stabilizing around $57,000. As Bitcoin trades to the downside just like the U.S. traditional markets, we might be seeing a correlation. Stocks have been driven […]
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Bitcoin price over the last 24 hours saw an over $3,000 crash and more than 15% wiped out from its price tag. Despite the downside, the cryptocurrency is undeniably in a bull market. But bull markets do correct, and when they do it can be powerful. As to where Bitcoin could fall to, the last […]
For all intents and purposes, Bitcoin is back in a bull market. But even bull markets don’t always simply move upward in a straight line. Along the way, the road gets rocky, and violent and volatile corrections wipe out weeks of progress made in a matter of one or two. Data shows that past bull market corrections average roughly 37% in downside, according to iconic career commodities trader Peter Brandt. If a similar correction follows […]
Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side – bears or bull – making any headway. The sideways action has resulted in a break in the recent parabola, but the typical downside reaction hasn’t arrived. When comparing past bull market cycles and their pausing points using a […]
Known Bitcoin whale JOE007 compared current market trends to November 2018 trends. Calling it November 2018 vibes. This was in reply to a tweet that called Bitcoin at $30K the new Bitcoin at $6K, referring to the market trends of 2018 when Bitcoin crashed after the bull market ended. Replying to the tweet, Joe tweeted; […]