Nov 24, · Following the second reward halving on July 9, , Bitcoin increased % by July 9, But the largest part of that bull market took place from July 9 to December 18, , when the cryptocurrency shot up more than % in value to an all-time high of $19, So, yes, Bitcoin has more than doubled since its reward halving on May Nov 29, · Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Nov 18, · Bitcoin Indicator Suggests Bull Market Is Still in Early Phase Bitcoin has plenty of scope to extend its current rally, a price indicator suggests, even as the cryptocurrency is fast closing in on.
Bull market bitcoinBitcoin Bull Market Corrections Examined: What To Expect When Crypto Corrects
At this point, it is becoming difficult to deny that the top crypto asset is beginning another bull run. But even Bitcoin corrects during bull markets, and when it does, the results can be violent. Each correction is roughly 14 weeks from a new peak to peak. Currently, the cryptocurrency is on week twelve in a row without anything meaningful for a correction. Reading between the lines, Brandt is warning that a correction is coming and that buyers need to beware. Crashes typically lasted less than a month in most examples.
But why the recurring number when it comes to cryptocurrency bull market corrections? The answer can be found in mathematics, potentially. That range is a sweet spot for the 0. It is not clear why this mathematical relationship with price action exists but can be used strategically to find potential levels where support may exist and buyers could show up with strength. The level could be intuitively an attractive value to investors at that point, prompting the sudden interest.
Could you be next big winner? I consent to my submitted data being collected and stored. Instead of the initial over Institutions appear to have been the primary drivers of the latest rally, while the one seen three years ago was driven by speculative frenzy and panic buying by retail investors.
Retail investors are usually the last to join a rally. As such, increased retail participation is widely considered a sign of an asset nearing a major top. Bitcoin daily chart. Subscribe to Blockchain Bites , our daily update with the latest stories. Disclosure: The author holds small positions in bitcoin and litecoin. Read more about Bitcoin Markets. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.