Bitcoin’s Bull Cycle: Analyst Says The Upside Isn’t Over Yet
Bitcoin has shown some resilience after weeks of consistent price declines, recording a slight upward move in the past day. However, the recovery has not been sufficient to reverse the prevailing bearish sentiment, with the cryptocurrency still trading below the key psychological level of $100,000. Notably, according to a recent insight shared by a CryptoQuant analyst known as Crypto Dan, this latest uptick from Bitcoin might just be an early sign of stabilization. Related Reading: Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns Market Indicators Show Room for Growth In....
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According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the anticipated $100,000 all-time high. Following its surge to $98,000, a crypto analyst has asserted that the BTC price has officially entered the parabolic phase of this four-year market cycle. Related Reading: Is $10 Within Reach For Cardano? Whale Moves Signal Big Rally Ahead Bitcoin Price Enters Parabolic Phase Popular crypto analyst Rekt Capital has declared to his 517,800 followers on X (formerly Twitter) that Bitcoin, the world’s largest cryptocurrency, has officially and....
Why this bitcoin price bull run could be the market cycle that takes us from gradually to suddenly reaching hyperbitcoinization.
Bitcoin could see in excess of 10x growth in the mid term should historical trends repeat for a third time, says ARK Invest's Yassine Elmandjra. Bitcoin (BTC) could reach almost $400,000 this bull cycle simply by copying previous behavior, one popular analyst has said.In a tweet on Feb. 4, Yassine Elmandjra, cryptoasset analyst at asset manager ARK, revealed just how early on in its current bull run BTC/USD really is. BTC price to $400,000?Compared to 2013 and 2017, the 2020-21 cycle is barely off the start line, with a hypothetical chart suggesting that the top this time around could be....
Crypto analyst Quinten François recently highlighted a cycle indicator that suggests the Bitcoin bull run is just about to begin. The crypto analyst highlighted several fundamentals that paint a bullish picture for BTC heading into this bull run. The Bitcoin Bull Run Could Be Two Months Away In an X (formerly Twitter) post, Quinten reminded […]