Bitcoin Bear Market Comparison Says It Is Almost Time For Bull Season
There is no denying that Bitcoin has been ripped to shreds by bears over the last several months after setting a new all-time high in November last year. Even with new highs, the rally is largely viewed as a failure without a dramatic cycle conclusion. But what if that rally was part of a bear phase, that only now is about to end? In a new direct comparison between bear phases in Bitcoin since 2018, it could indicate that it is almost time for another bull season any day now. Bull Market Cyclical Behavior Months ago, the term “few” was thrown around by the crypto community....
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Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. The bearish sentiment across the space is among the most prominent in years — potentially more bearish than the 2018 bear market. Here is why the recent correction has felt far more painful than even Black Thursday, despite BTCUSD trading at roughly the same price as one year ago. Bearish Bitcoin Sentiment Could Be Blind To Bull Market You might not know it by the current price action, sentiment, or even economic backdrop, but there is a strong chance that Bitcoin....
Non Fungible Tokens (NFT) has become the talk of the crypto town this bull season after it attracted the attention of several mainstream celebrities. This bull season has given rise to several crypto phenomena, the most prominent being community-driven meme tokens and the craze around non-fungible tokens (NFT). The NFT mania this bull season is […]
The "real" pit of the bear market for Bitcoin has since delivered over 2,000% gains for patient BTC hodlers. Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month.Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close.Three years, 2,125% upsideDespite disappointing when it comes to end-of-year price expectations, BTC/USD remains an order of magnitude higher than where it was even 18 months ago.March 2020 marked a brief return to near cycle lows in what....
The masses are bearish on Bitcoin. The market is convinced that prices below $30,000 will be revisited given the continued weakness in the top cryptocurrency by market cap. All eyes are on the massive “bear flag,” but could it instead be a bear trap? Bitcoin price continues to grind along a decade long parabolic trend line that in the past has put in several mid- to long-term bottoms. Here is a closer look at a currently unbroken trend line that BTCUSD must hold for continued parabolic momentum and what it could mean if we get a bounce from here. Unbroken Decade-Long Parabolic....
Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....