2022: The Year The Secular Bitcoin Bull Run Could End
When the December 31, 2021 candle came to a close in Bitcoin, it didn’t just begin a new calendar year – it triggered a sell setup of epic proportions. Here is why the secular bull run in cryptocurrency could come to an end this year, and the first true bear market emerge. Bitcoin Yearly Chart Triggers First Ever Sell Setup You wouldn’t know it based on the recently bearish price action, but Bitcoin has been in an ongoing bull market since the second the genesis block was generated exactly thirteen years ago today. In the span of a normal childhood growing into a teenager, the....
Related News
Bitcoin price is now above $40,000, up more than 20% from the lows set in late January. Despite the recovery, common sentiment across the crypto community, analysts, and more is that the bottom is nowhere near in. Meanwhile, BTCUSD has began its recent bounce from a seven year secular bull trend line. Could that fact combined how few are expecting a bottom be the best case for why one might already be in? Contrarian Take: Crypto Market Sentiment Would Be Blind To A Bottom In a flash, Bitcoin has risen back above $40,000 – still a far cry below the $100,000 end of year 2021 targets the....
Bitcoin price is at an inflection point, with nearly every technical indicator mixed due to the weeks of sideways price action. By most standards, technicals slightly lean bearish, but crypto investors are hopeful the secular bull market remains intact. Thus far, the bull market has held on by a string, or a thin line of […]
Today, Bitcoin price sank below $40,000 for the first time since September – a price more than 50% lower than what the market was anticipating this time of year. While the downside has been impossible to ignore, the latest sweep of lows has resulted in a touch of a trend line dating back to the bear market bottom that could keep the bull market intact a bit longer. Technical Analysis And Framing The Importance Of Trend Lines When it comes to technical analysis in Bitcoin, trend lines always matter. When such lines hold, it is a sign to the market that it is time to reverse. When they give....
Crypto Twitter is a myopic dystopia that manages to be toxic even in a bull year. Yes, yes, I know: You’re an excellent Twatter, and omitting from this list your one zinger that got 50 likes borders malfeasance. Likewise, this reporter is a negligent compiler of listicles for overlooking some spicy day where your favorite trader-nee-influencer colorfully described Brad Garlinghouse’s anatomy. If it’s any consolation, please know that I hate the hellsite just as much as you do. The year was terrible for almost all of the planet, and even though crypto enjoyed a strong secular bull market,....
While Bitcoin continues to take a beating in terms of dollars, the top cryptocurrency also continues to lose its share over the market cap. In fact, with the most recent support level breached, BTC dominance could be targeting historic lows. Historic lows in BTC dominance could mean that an altcoin season unlike ever before is potentially ahead. Here’s a closer look at the metric that weighs Bitcoin against the rest of the crypto space and how it could impact altcoin performance. Bitcoin Continues To Lose Cryptocurrency Market Dominance At one point, there was only Bitcoin. As the....