Is the Crypto Bear Market Over? Analyzing the Top 5 Indicators | CoinMarketCap

  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The cryptocurrency market has been in a sharp decline since Nov 2021, after reaching an ATH global market capitalization of ~ $3 trillion. Let's take a look at 5 popular indicators to see what the market looks like from a technical standpoint.

The chart is designed to show which stage of the cryptocurrency market cycle we are currently in. It was trained on data from the blow-off tops seen in 2013 and 2017, and as such, is particularly good at recognizing times when Bitcoin is approaching peak exuberance.

Unlike the other indicators on this list, the CBBI index aggregates multiple other indicators into a single CBBI score that ranges from 0 to 100.RUPL/NUPL Chart: Measures HODLer behavior for market cycle predictions.: Tracks Bitcoin's long-term price trend.: Indicates market tops/bottoms based on realized/unrealized value.Woobull Top Cap vs CVDD:The higher the number, the higher the chance that Bitcoin is at its top this cycle.

At the time of writing, it’s sitting at a comfortable 25 — a major recovery from 2, seen in December 2022. This indicates the worst of the bear market is now behind us.Writer’s Disclaimer: This article is based on my limited knowledge and experience. It has been written for educational purposes. It should not be construed as advice in any shape or form. Please do your own research.

This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 290. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bud Light parent Anheuser-Busch sees $27 billion gone, shares near bear marketBud Light's marketing push rolled out two months ago has been a headache and a costly move for parent company Anheuser-Busch and its shareholders.
Source: FoxBusiness - 🏆 458. / 53 Read more »

‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear marketDan Tapiero explained that the bear phase is finished and predicted that the space will see new highs in either 2024 or 2025. When asked what he thinks about community sentiments and their impact on his strategies, Tapiero said that they can “see it and sense it,” but he’s not interested in these feelings. He believes crypto is a market similar to other currencies, bonds or stocks.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks.Tether_to’s USDT stablecoin has reached an $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago. sndr_krisztian reports
Source: CoinDesk - 🏆 291. / 63 Read more »

Asian Stock Market: US debt-ceiling bill approval and Fed’s neutral commentary uplift market moodMarkets in the Asian domain posted significant gains on Friday. Rally in Asian indices is being supported by the clear passage of the US debt-ceiling
Source: FXStreetNews - 🏆 14. / 72 Read more »