Crypto Bear Market Bottom Might Be Close, Eccentric Indicator Says

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Is crypto bear market's bottom in? Analyst TechDev_52 shares eccentric chart $BTC Bitcoin

Since mid-2017, the Bitcoin price has gone through three market cycles; each of them lasted for 67 weeks, or 469 days. Historically, Bitcoin has started its rallies after the"bear market" search reached peak values.

This took place in December 2018. In March 2020, Bitcoin bottomed earlier than expected under the pressure of world recession fears.The last peak of interest in"bear market" was registered in late May 2022. The 469-day cycle will end in mid-June. As such, the much-anticipated bottom may either be in or close.Yesterday, Bitcoin , the flagship cryptocurrency, jumped to $31,700, which is the highest level since June 1, 2022.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

TechDev_52 tomorrow is big day

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 295. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Amid crypto bear market, institutional investors scoop up Bitcoin: CoinSharesBuying the dip? Big investors are taking advantage of low BTC prices, provoking a positive inflow of the coin, as opposed to ETH. This is called free market ;) All crypto SCAM FOREVER I’m buying it at 21111
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

Crypto Markets Shed $80 Billion as Bitcoin Crashes Below $30K (Market Watch)Yesterday's green market was short-lived as bitcoin and all altcoins have dumped hard today, with the total market cap declining by $80 billion. Bitcoin once AGAIN dipped deeper into its old resistance area, in a bid to get into a new support area before next week it’s simple Buy Hodl Everyone follow Mu_76k she’s a super underrated Bitcoiner. I take her tips seriously and it’s superb Follow her
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action – Market Updates Bitcoin NewsSOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. AVAX also declined. Not so fine,but we move $PAW Double your $Matic 👉🌏 MATIC_GIVEAWAY Don't miss MATIC_GIVEAWAY
La source: BTCTN - 🏆 531. / 51 Lire la suite »

Citi Says Crypto Market Volatility Has Affected User Adoption.Citi says the collapse of UST has led to a fall in crypto trading volumes, but not a wholesale decline in investor interest. By willcanny99 Citi willcanny99 Follow me for free trades and signals Citi willcanny99 UST fell because the whole market relied on the decisions of one man, and this could have been easily avoided with a DAO system, where responsibility and decisions are debated on, such as is happening with the case of bitDAO Citi willcanny99
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Despite the Bear Market, Michael Saylor Explains Why Bitcoin Is Going to $1MBitcoin is headed towards $1,000,000, while the US crypto-friendly regulatory bill recognizes digital assets are a 'real thing that is going to be with us,' Saylor argued.
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »