'No more 4-year cycles' — 5 things to know in Bitcoin this week
Bitcoin avoids another "Bart" style price spike this weekend, but what's the mood like on the market going forward? Here are five potential Bitcoin price topics to consider. Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize.After a calmer weekend than most recently, BTC/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout below $40,000 could enter.Instead, conditions are beginning to favor a more bullish perspective on shorter timeframes, but as ever, nothing is certain — bulls need to....
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The price of Ethereum is showing similarities with previous bull cycle beginnings as $800 ETH is coming back in play. Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat.A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels.When is the best period to buy ETH/USD and what....
Bitcoin has already lost its footing above $44K after breaking the coveted point to much fanfare. The downtrend has not been significant in any way but the digital asset could still end up losing more ground before the end of the trading day. Nevertheless, it has been a good run for bitcoin coming out of the weekend. As the cryptocurrency has made its bottom above $43,000, what could be expected going forward? Bitcoin In Four-Year Cycles As bitcoin has settled above $43,000, looking at other metrics to figure out where the digital asset may be headed has become imperative. In this report,....
Events in China could have been dictating Bitcoin price action not just this year, but since its genesis, data hints. Bitcoin (BTC) may be hitting new all-time highs, but it may just be another bubble, new research suggests.Unveiling a theory that could well rile Bitcoin bulls, analytics guru Material Scientist revealed what seems to be a strong correlation between Bitcoin price cycles and Chinese debt cycles.Casting doubt on the power of Bitcoin halvingsWith BTC/USD hitting its latest all-time high in April 2021, expectations are high that another will come before the end of the....
Comparing past crypto cycles shows there is a clear pattern, and Bitcoin seems to be nowhere near the top right now. Bitcoin researcher Dor Shaher has pointed out on Twitter that there is consistency in the way correction periods have played out in previous cycles. Bitcoin Price Growth Since Cycle Low Here is a chart […]
Bitcoin has been explosive all of 2020, and while certain altcoins like Ethereum and a slew of DeFi tokens have outperformed the top cryptocurrency this year, altcoins overall have been a disappointment compared to past cycles. Those who lived through past cycles, expected altcoins to take off the moment Bitcoin surpassed its previous peak. But […]