Bitcoin Price Spends Four Weeks At 2017 Peak Prices, What Comes Next?
Bitcoin movements in the 2022 bear market have almost completely deviated from the established bear trends in the market. The digital asset which had never fallen below a previous cycle peak had finally done it when it fell to $17,600 following the June crash. Since then, the cryptocurrency has had a hard time maintaining its price above the previous cycle peak and has now spent a number of weeks nursing this current level. Bitcoin Enters Consolidation Levels Bitcoin has been consolidating around the 2017 peak levels for the last month. It continues to struggle against the tide in this....
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Bitcoin is now trading over $7,000 below its peak reached to start the year – a peak that is more than double its previous all-time high. And while believers in the cryptocurrency are certain this is just another pullback before more price discovery, the similarities between the 2017 top and now are undeniably striking. Here’s […]
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 […]
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Historical analysis suggests that the amount of time it takes for the Bitcoin price to double may accelerate during this bull run. The price of Bitcoin has doubled in the past 75 days, prompting some analysts to question whether the market is approaching over-extension.However, historical analysis from Bitcoin monitoring team CaseBitcoin suggests the Bitcoin markets could accelerate further, noting that BTC’s “doubling time” — the time taken for price to increase by 100% — shrunk down to just 12 days just before the peak of the 2017 bull run.3/ How low can it get? In 2017, the fastest....
You can’t keep a good decentralized, peer-to-peer, global digital currency down. After a turbulent first month of 2017, Bitcoin closes January strong and gets back to a net gain for the month. Bitcoin Price Pares 2017 Losses. Bitcoin price always seems to struggle at the start of any calendar year, and January of 2017 was no different. Bitcoin had threatened the all-time price record during the first week of 2017, reaching a high of $1,153 USD on the 5th. However, over the next 48 hours, the price bubble bursts, and Bitcoin lost over 25% of its value. Just one week after its 2017 peak,....