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Bull Cycle

All articles tagged with #bull cycle

cryptocurrency1 year ago

Bitcoin's Impending Bull Run: New ATH on the Horizon

Bitcoin is eyeing the $70,000 mark again after a brief correction, with market sentiment indicating a continuing bull run and potential record high, especially with the upcoming halving event. TradingShot suggests that Bitcoin is poised for an unprecedented surge, possibly signaling the onset of its most aggressive bull cycle to date, with the golden ratio indicating at least another 500 days of bullish momentum ahead. Additionally, potential bullish catalysts include BlackRock's spot Bitcoin ETF and indications of interest rate cuts from the Federal Reserve, while Bitcoin is currently trading at around $68,195 with investor focus on key support levels.

via Finbold - Finance in Bold|
#bitcoin#bull-cycle#cryptocurrency
cryptocurrency1 year ago

Bitcoin Price Analysis: Potential Correction Despite ETFs and Halving

Analysts suggest that the traditional four-year market cycle of Bitcoin may be altered by the impact of massive U.S. spot BTC ETF inflows, potentially changing the cyclicality of Bitcoin's industry and leading to a shift in the next cycle driven by ETF approvals for assets like ETH, Solana, and Litecoin. Observations indicate that ETFs could add correlations and impact BTC prices, with opinions varying on the current stage of the bull cycle, ranging from less than 40% to later than expected in the traditional cycle, emphasizing the importance of tracking Bitcoin from both traditional and new perspectives.

via AMBCrypto News|
#bitcoin#bull-cycle#cryptocurrency
cryptocurrency1 year ago

"Bitcoin's Bull Cycle Continues Despite 15% Profit-Taking Correction: CryptoQuant Analysis"

Bitcoin experienced a 15% correction from its all-time high of $73,700 as miners, whales, and large investors sold their BTC to realize profits, leading to an overheated-bull phase flagged by the Bull-Bear Market Cycle Indicator. Despite the correction, analysts at CryptoQuant believe the bull cycle is not over, citing valuation metrics and investment flows that are not yet at levels consistent with past market tops. Large short-term holders' cost basis is at the $58,000-$60,000 level, and around 48% of Bitcoin investments currently come from short-term holders, indicating that the bull cycle top has not been reached.

via CryptoPotato|
#bitcoin#bull-cycle#cryptocurrency
cryptocurrency2 years ago

Bitcoin ETF Approval: Venture Capitalist Warns of Fading Impact, BlackRock Addresses SEC Classification, Grayscale CEO Remains Hopeful

Venture capitalist Chris Burniske warns that the approval of a spot market Bitcoin exchange-traded fund (ETF) could lead to a short-term dip in Bitcoin's price, as holders may take profits. He also suggests that a rejection of the ETF could trigger a sell-off. Burniske believes that the current Bitcoin uptrend may follow a similar pattern to 2019, with a surge followed by a dip in the first quarter of next year. He also notes that it may take some time before blockchain use cases alone can drive a full-blown bull cycle.

via The Daily Hodl|
#bitcoin#bull-cycle#cryptocurrency
cryptocurrency2 years ago

"Bitcoin's Bullish Momentum: Factors and Forecasts"

A new bull cycle for Bitcoin could be sparked by several factors, including the upcoming halving in April 2024, BlackRock's Bitcoin ETF application to the SEC, Bitcoin's rising dominance in the crypto market, and technical indicators such as a bull flag pattern and an inverse-head-and-shoulders pattern. Analysts predict Bitcoin could test its record high of $69,000 in the next 18-24 months and even reach $160,000 by April 2024. However, Bitcoin will need to close decisively above $35,500 to begin a bull cycle.

via Cointelegraph|
#bitcoin#blackrock#bull-cycle
cryptocurrency2 years ago

Crypto Trader Predicts Upside for One Sector in Next Bull Cycle Amid High Volatility and Bearish Pressure on Bitcoin

Pseudonymous analyst Pentoshi believes that the crypto gaming sector will provide the most upside in the next bull cycle as it could accelerate the adoption of crypto. He is also keeping an eye on the altcoin markets, which he says could still witness months of sideways price action even after its brutal bear market over the past year. Pentoshi is looking to invest millions of dollars in the crypto sector.

via The Daily Hodl|
#altcoins#blockchain-adoption#bull-cycle
finance2 years ago

Gold's Two-Year Cycle Rewards Investors Despite Recent Slips.

VanEck Associates CEO Jan Van Eck predicts a new two-year bull cycle in the gold space, driven by the Federal Reserve ending its tightening and markets getting stressed out by the consequences of higher rates. The cycle will be followed by the Fed cutting rates again. Van Eck also sees Bitcoin in the same category. VanEck Associates predicts 2023 as a sideways year for many assets as liquidity will remain restrained.

via Kitco NEWS|
#bull-cycle#federal-reserve#finance