Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top,...

Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top,...

While digital currency markets have increased significantly in value a number of crypto asset proponents are wondering how far the next bull run will take them. For instance, the last three bitcoin bull runs saw different price spikes and significant drops below 80% as well. If the next bitcoin bull run follows a similar pattern, it’s quite possible the crypto-asset could reach $160k per unit. At the time of publication, the cryptocurrency economy is well above a half of a trillion dollars and is hovering at $538 billion today. The great 2020 crypto price boom has a number of crypto....


Related News

Konami’s Castlevania Anniversary NFT Sale Raises Over $160K

Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what other companies have experienced so far, facing a negative backslash regarding these activities. Konami Takes to Opensea With Castlevania NFTs Konami, one of the most recognized Japanese gaming development companies, raised more than $160K in sales during its first NFT related business.....

Bitcoin Bull Pennant Still In Motion With $158,000 Price Target, Here’s When

Bitcoin’s technical analysis is setting up the stage for an explosive move above $150,000. The cryptocurrency’s current price action is flashing various patterns on the price charts, most of them bullish. Furthermore, these patterns are playing out across multiple timeframes, giving analysts different angles to examine in terms of the cryptocurrency’s future outlook. According to […]

This Bitcoin Indicator Might Suggest Bull Run Is Still On

The MVRV ratio, a Bitcoin indicator, might suggest that the current bull run isn’t over, and the price of the crypto is yet to peak. The MVRV Ratio Indicates The Cycle Isn’t Over Yet As pointed out by a Crypto Quant post, past cycles seem to follow a specific pattern on the MVRV charts. This might suggest that the current bull run hasn’t peaked yet. MVRV stands for “Market Value to Realized Value”. The ratio is defined as Bitcoin’s market capitalization divided by realized capitalization. Related Reading | SpaceX Has Bitcoin On Its Balance Sheet,....

'Top around $390K' — New chart shows this Bitcoin bull run is only beginning

Bitcoin could see in excess of 10x growth in the mid term should historical trends repeat for a third time, says ARK Invest's Yassine Elmandjra. Bitcoin (BTC) could reach almost $400,000 this bull cycle simply by copying previous behavior, one popular analyst has said.In a tweet on Feb. 4, Yassine Elmandjra, cryptoasset analyst at asset manager ARK, revealed just how early on in its current bull run BTC/USD really is. BTC price to $400,000?Compared to 2013 and 2017, the 2020-21 cycle is barely off the start line, with a hypothetical chart suggesting that the top this time around could be....

Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know

In a recent tweet, well-known crypto analyst Rekt Capital delved into the potential timeline for the next Bitcoin market peak, emphasizing the Halving cycle’s significant impact on building BTC’s market path. As the Bitcoin Halving is set to occur between today and tomorrow, April 20, Bitcoin has shown less significant market movement. At the time of writing, the asset has a market price of $64,578. Related Reading: Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO Analyst: ‘When Could Bitcoin Peak In This Bull Market?’ According to Rekt....