Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast be...
Even opportunities to “buy the dip” match up — almost to the day — with Q4 2017. Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run.The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are.Bitcoin prints more eerie 2017similaritiesBitcoin has had its ups and downs this year, but as Cointelegraph reported, BTC/USD has all but copy-pasted its 2017 fractal all along.Fresh analysis delivers the same conclusion — and for those concerned about Oct. 27’s drop to....
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RHODL adds to the indicators demanding much more upside for Bitcoin price action before the macro top sets in. Bitcoin (BTC) investors will resist selling their coins for a lot longer and the bull run will continue, new analysis argues. In a Twitter debate on Oct. 28, data analyst Mitch Klee delivered fresh evidence that the current bull run is only 50% complete.RHODL demands more upsideUsing the Realized HODL Ratio (RHODL) indicator, created by popular analyst Philip Swift, Klee showed that Bitcoin is still far from the classic top signals it gave at the height of previous bull....
It feels like 2017 all over again. The price of Bitcoin surged to reach an all-time high at the end of November. As a result, anyone who bought Bitcoin right at 2017’s peak moved out of the red and back into positive gains. Prices could go even higher. The Stock-to-Flow (S&F) forecast model is showing […]
Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum […]
I have been asked both publicly and privately to speculate as to when and where the price will bottom. Speculation of that nature is risky, because it is so very easy to get the forecast wrong. Unfortunately, the nature of the internet audience is such that even if the forecast pans out, trolls will say it was a "lucky guess," or otherwise find a reason to minimize that success. On the other hand, if the forecast proves to be mistaken, the mistake will be loudly heralded as proof positive that the analyst knows nothing at all. However, there is a place in price-time which is increasingly....
With the value of mobile payment transactions expected to reach $721 billion (US) globally by 2017, the slice of the pie for Bitcoin's taking is growing. This year alone, the value of mobile payment transactions is forecast to total $235.4 billion, a 44 percent jump from 2012's $163.1 billion, according to the latest figures from Gartner. The leading uses for mobile payments are money transfers -- which are said to account for 71 percent of 2013's total transaction value -- and merchandise purchases at 21 percent. Though bill payments are expected to grow by 44 percent this year, their....