Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market I...
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline in value. However, because the recent price top resembles the growth from April 2013 to November 2013, bitcoin’s current bearish decline may not be so large this time around. An 80% Drop From Bitcoin’s High Would Lead to $13,800 per Unit Bitcoin markets have been bearish over the last....
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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....
The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that […]
Bitcoin has long been characterized by its cycles of bull and bear markets, each marked by the trajectory of its price movements. However, the crypto appears to be in a transitional phase, according to a CryptoQuant analyst under the pseudonym CryptoHell. CryptoHell has recently shared insights into Bitcoin’s current market cycle, providing investors with key indicators to watch during this period. Related Reading: Is Bitcoin Heading For A Bear Market? Analysts Weigh In On The Price Struggles Understanding The Bitcoin Bull-Bear Transition Phase In a recent post on the CryptoQuant....
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000. Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit on their positions, especially if the futures market is highly overcrowded.Whales selling their holdings to rebalance their portfolios can....
The swift rebound in Bitcoin and altcoins indicates strong accumulation occurring at lower levels. Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation. Data from Skew suggests that if Bitcoin’s price does not recover sharply in the next few days, the decline in the current quarter could be the second-worst quarter since 2014. Bull and bear phases are part and parcel of every asset class. All the legacy markets have witnessed several bear phases with massive drawdowns in the past. However, after the bear phase ends, a new bull market begins and....