Bitcoin price action in 2021 so far mirrors 2017 — Will it continue?
Bitcoin is in full bull run mode according to trading analysts, as on-chain indicators look promising, but the rest of 2021 could be full of surprises. Bitcoin’s (BTC) recent rally has finally broken through to reach widely anticipated new all-time highs. With September being left behind and “Uptober” delivering on high hopes, many analysts are increasingly confident that the year will play out in the same way as 2017. In fact, a recent tweet from crypto analyst TechDev shows just how closely the price chart for 2021 is tracking 2017, and it’s startlingly close. But can a continuing upward....
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Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.....
Bitcoin price succumbed to another wave of selling, but analysts say the current market structure at $47,500 mirrors the early bull-market from 2017. Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed.BTC/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView shows that the early morning defense of the $50,000 support level was overwhelmed by sellers and according to independent market analyst....
Bitcoin’s all-time price highs in 2021 have crushed records set in 2017. But that’s not the only way in which this bull run is different. The post Bitcoin 2017 Vs. 2021: How This Bull Run Is Different appeared first on Bitcoin Magazine.
$100,000 BTC is probably not happening, but analysts are hopeful that BTC can end the year above $50,000 and kick off early 2022 with a new all-time high. Bullish traders that drank the "Bitcoin to $100,000 by year-end" Kool-Aid are now coming to terms with the fact that there may be no Santa Claus rally to wrap up 2021. At the moment, the pipe dream has morphed into simple hopes that the top cryptocurrency can at least finish the year above $50,000. Data from Cointelegraph Markets Pro and TradingView shows that the bounce in price seen in BTC following remarks from Federal Reserve Chair....
The XRP price is currently trading well below $3; however, a crypto expert believes that in less than two years, this popular altcoin could enter the double-digit territory, marking a historic moment in crypto. The analyst has forecasted a potential surge to $27, pointing to a re-emerging pattern from 2017. With over six months left before 2026 begins, the expert has outlined a clear roadmap of how XRP could reach this bullish target if it completely mirrors the historic fractal. XRP Price Prediction For 2026 A new technical analysis by X (formerly Twitter) market expert Egrag Crypto....