Bitcoin Underperforming Previous Cycles Despite Rallying to $100K

Bitcoin's returns lag behind previous bull cycles

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Bitcoin price action in 2023 mirrors previous cycles, a likely U-turn

Although 2023 started with a bang, partly recovering some 2022 losses, Bitcoin price has been stuck in a prolonged period of sideways trading. However, historical data mirrors previous cycles and suggests a potential shift in November, setting the stage for a rally leading up to the next Bitcoin halving event.

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An indecisive options market keeps Bitcoin flat

Bitcoin (BTC) has been locked in a tight trading range, fluctuating between $30,000 and $31,000. While some on-chain metrics show that this ongoing sideways movement has been observed before Bitcoin’s previous bull runs, there is little to indicate that a significant shift could happen soon.

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Crypto Market Tumbles as Bitcoin Breaks Previous Cycle's Highs

Bitcoin’s price fell well below $19,783, the previous all-time high it notched in December 2017.

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Crypto Market Tumbles As Bitcoin Breaks Previous Cycle's Highs

Bitcoin’s price fell well below $19,783, the previous all-time high it notched in December 2017.

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Bitcoin Rises as Reverse Repos Hit $1 Trillion

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Bitcoin's 'real' volume doubles previous all-time high

Weekly BTC trade volume has surged to dwarf the previous record by 100% amid Bitcoin’s dramatic run up to $40,000.

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Binance Coin (BNB) Continues to Fall as Bitcoin Breaks $6000

Binance Coin started 2019 with a strong rally over the previous year, with the coin rising 300 percent through the first four months. While other cryptocurrencies benefited from the market rally at the beginning of.

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‘We Are in a Bull Market’ – Novogratz Says Bitcoin Price ‘Should’ Be $20K by 2021

Michael Novogratz, former Wall-Street hedge fund manager and CEO of Galaxy Digital, is no stranger to bitcoin price prediction. He believes that BTC ‘should’ reclaim its previous $20,000 all-time in next 18 months.

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Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – May 9

The crypto’s price is likely to rise because it is above the continuation zone of the Fibonacci levels. On the upside, if the bulls break the $6,300 resistance level, the crypto’s price is expected to reach the previous high of $6,500 and above.

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Craig Wright Claims Producing Bitcoin Holding Records Would Be Burdensome, WizSec Examines Blockchain Records

Craig Wright, the self-proclaimed Satoshi Nakamoto, seems to have growing legal troubles. At the moment, Wright is in a court battle against the estate of Dave Kleiman. In a previous order by the court, Wright had to provide transactional records related to the Bitcoin (BTC) he owned back in December 2013. Nonetheless, it seems that […]

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Crypto Market Wrap: No Major Selloff in Wake of Binance Hack

Crypto markets pull back slightly; Bitcoin recovering, Ethereum back at support, Tron a rare green gain. Market Wrap As expected crypto markets have pulled back a little as the news of the Binance hack reverberates around the globe this morning.

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Bitcoin [BTC/USD] and Litecoin [LTC/USD] Price Analysis: Sideways movement takes over as bullish momentum stalls

Price fluctuations in the cryptocurrency industry have been ongoing for some time now, with some cryptocurrencies enjoy a slight bullish run while others still in the bear’s claws. Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant rise in value over the previous week, almost touching the $6000 mark.

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Bitcoin Price Stagnates at $5,878 as the Dow Jones Drops by Over 500 Points

Bitcoin continues to break new all time highs for 2019 day after day, currently trading at $5,929 and inching closer to the $6,000 resistance level. As discussed in our previous Bitcoin price analysis article, BTC/USD is starting to follow the same pattern as the stock markets which could signal that institutional investors are finally hopping […] The post Bitcoin Price Stagnates at $5,878 as the Dow Jones Drops by Over 500 Points appeared first on NullTX.

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Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC rides bull wave as LTC recovers slowly

As the crypto ecosystem slowly recovers from the bear market, Bitcoin [BTC] surged past its resistances over the past month. This surge helped many players in the altcoin universe to return to their previous glory and gain investor confidence.

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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Bitcoin Price Watch: Currency “Resurrects” and Surpasses $5,700

At press time, the father of cryptocurrency is trading for over $5,700. While this isn’t as high as it was during the first half of the week ($5,800), it’s still far better than where it stood during our previous price article.

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Big Move Ahead For Bitcoin If These Fractals Play Out

In order to predict future market moves technical analysts often look back at previous patterns. The crypto bear market of 2014 and 2015 has often been used as a comparison and repeating chart patterns known has fractals may give us an indication of where Bitcoin prices will go next.

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Twitter and Google Trends Interest Precedes Cryptocurrency Price, Study Finds

The volume of tweets and Google Search Volume Index (SVI) were found to be leading price indicators for Bitcoin and Ethereum, according to a research paper published by the Southern Methodist University.

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Craig Wright Ordered To List ‘Satoshi’s’ Bitcoins By Florida Court

A court in Florida has ordered self-proclaimed Satoshi Nakamoto, Craig Wright, to provide a list of owned Bitcoin addresses. The court was having none of Wright’s previous assertion, that such a task would be unduly burdensome.

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Bitcoin [BTC] to undergo correction before and after reaching $6,500 mark, claims expert trader

The price of Bitcoin [BTC] surged on May 3 and carried the price of the coin to $5,879, breaking its previous resistance. After the rally, BTC managed to stay above $5,700 and underwent a correction.

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Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds

After a relatively long period of choppy trading within the lower-$5,000 region, Bitcoin (BTC) has finally incurred another influx of buying pressure that has allowed it to surge higher, with the key resistance level of $6,000 looming just over the horizon.

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Nations Continue to De-Dollarise by Hoarding Gold: Is Stockpiling Bitcoin Next?

According to a report by the World Gold Council, central banks have been buying more gold this first quarter than they have in the previous six years. The efforts to diversify away from the US dollar are being led by China and Russia.

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S&P Bull: Fundstrat’s Tom Lee Says ‘Buy Stocks Even at New Highs’

By CCN: Fundstrat Co-Founder Thomas Lee has been covering the stock market for longer than he’s been analyzing bitcoin. And while crypto has been a tough nut to crack, he’s got a pretty good track record with stocks.

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Bitcoin’s BTC/USD Exchange Rate Bottom Is In, The Worst Is Behind Us: Reports Delphi Digital

Bitcoin Bottom Is In & The Worst Is Behind Us: Reports Delphi Digital Delphi Digital has returned with its another report stating “we continue to believe the bottom is in.” Recalling its report from January, this year, the research firm says the market cycle of Bitcoin is right on its track. In its previous report, […]

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Peter Brandt Suggests That Bitcoin Price Could Be on Track to Reach Its New ATH   

Bitcoin spiked shortly after Peter Brandt highlighted the similarities between the current price pattern and the previous bull run

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Bitcoin Price Sets New 2019 High Of $5700 Defying Bitfinex Concerns

Bitcoin price beat its 2019 highs May 3 as a fresh uptick saw the cryptocurrency challenge $5750. Bitcoin Smashes Through $5. 7k Data from traditionally more conservative Bitcoin price tracker Bitstamp shows BTC/USD hovering around $5660 at press time, having achieved local highs of $5730.

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Bitcoin [BTC] breaks immediate resistance; pushes past $5,600 to post 2019’s highest price

Bitcoin’s [BTC] prices saw a sudden rise today, causing it to break its previous immediate resistance. Bitcoin also registered its biggest high of 2019. However, after the last candle closed, the coin was starting to dip.

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Bitcoin Continues Expressing Similarities to Previous Year’s Price Action as it Climbs Higher

Despite facing downwards pressure that put Bitcoin’s upwards momentum in jeopardy last week, the cryptocurrency has been able to continue climbing higher and is now nearing its price levels that were set just prior to the Tether-Bitfinex imbroglio that sent BTC reeling down to the lower-$5,000 region.

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‘Bitcoin’s bottom is in,’ reports Delphi Digital based on UTXO age trend of BTC Hodlers

Delphi Digital’s detailed report on Bitcoin’s UTXO balances highlighted Bitcoin’s hodlers and how they are holding strong. The report stated, “We continue to believe the bottom is in.

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Bitcoin Continues to Rise: But is the Bottom Really in?

A new report by market Delphi Digital has reiterated the firm’s earlier position that Bitcoin has already bottomed. The analysts focused primarily on the percentage of coins not being transacted for more than a year relative to previous market cycles.

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Delphi Digital's Latest Report Says Bitcoin’s Market Cycle Is Right on Track

Delphi Digital has returned with another installment of its unspent transaction output (UTXO) reports. Recalling its report from January of this year, the research firm says bitcoin’s market cycle is right on track.

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Bolivar to Bitcoin Volumes Hit All-Time High as Venezuela Crisis Intensifies

By CCN. com: As the political and economic crisis in Venezuela escalates, citizens of the South American country are taking refuge in Bitcoin. In the final week of April, a record amount of Venezuelan bolivars were spent buying bitcoin per Coin Dance.

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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

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Bitcoin (BTC) Dominance Pushing Towards Previous High of 55%, Last Since December 16, 2018

The world’s largest cryptocurrency has made a good recovery since hitting yearly low in December 2017 at $3,200. Till date, in 2019, Bitcoin has already surged about 40 percent. The leading cryptocurrency surged to the highest point in the last 5 months at above $5,600 up until a few days ago. Before the Bitfinex Tether […]

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Nucleus Vision, Using Blockchain and IoT to Bring Valuable Customer Insights to Retailers

Although online retailers have more insight into their customer base than ever before, traditional brick-and-mortar stores are struggling to keep up with shifting technology, and footfall is dropping.

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Mt. Gox Bitcoin Stash Won’t Move Until 2020 as Payout Delayed

The trustee of defunct Bitcoin exchange Mt. Gox has again extended the deadline for submitting and approving the rehabilitation plan to repay users. Trustee Blames ‘Large Amount’ Of Claims According to a translated statement, which appeared April 25, Nobuaki Kobayashi, Mt.

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With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period.

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Fed-Up Bitcoin Community Favors Censorship on Twitter

By CCN: In a recent Twitter poll by previous Bitcoin developer Jimmy Song, blockchain advocates overwhelmingly voted (54%) in favor of suspending the @Bitcoin handle for fraud. Only 30% of voters think that the handle should be “left alone.

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Next Stop $6000? Bitcoin Price Hits New 2019 High

Bitcoin price has broken through key resistance reaching $5,600, a new 2019 high. This new level also adds further weight to the increasingly prevalent sentiment that the market is turning bullish.

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Analyst: Bitcoin May Have Another 100 Days of Accumulation

For the past twenty days cryptocurrency markets have hold on to gains and formed new trading ranges. In terms of total market capitalization this is between $170 and $185 billion with Bitcoin holding above $5,000.

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Bitcoin (BTC) May Have Bottomed, But Crypto Could Still See A “Black Swan” Event

In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever.

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Bitcoin Price Retesting Mean Levels Per Behavioral Finance – Bullish?

The previous bitcoin bubble has popped, and a new one is already forming, at least according to the Crypto Monk. The hugely-followed bitcoin and altcoin trader today compared bitcoin’s price performance to the classic lifecycle of a stock bubble.

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Bitcoin Never to Surpass $20k Again?, Weiss Ratings Says the Next Bull Run Cannot Exceed Previous One

Weiss Ratings has spoken up concerning the next bull run which some analysts say will be bigger than that of 2017. In a tweet, the firm said no bull run can be bigger than the previous one, but cryptocurrencies have a lot of potential because of investors likely to turn to the industry.

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Bitcoin Price Prediction: Long-term (BTC) Value Forecast – April 20

 On April 16, the BTC price now trades in a tight range between the levels of $5,000 and $5,300. The BTC price is expected to break the $5,300 resistance level so that the crypto’s price will appreciate to the previous highs of $5,500 and $6,000.

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Adamant Capital: BTC Price Bottom Is Likely In, Accumulation Phase Has Begun

Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis.

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Next Crypto Market Bull Run Will Blaze Past $20,000 BTC/USD Highs During 2017, Researcher Says

Tom Shaughnessy, the founder of Delphi Digital and important analyst in the market, has recently affirmed that the next Bitcoin bull run will be bigger than any of the previous ones. According to him, the last one was driven by hype.

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Report: Cryptocurrency ransomware payments up 90%, thanks to Ryuk

Ransomware attacks are still doing the rounds and one in particular appears to be gaining pace. Cryptocurrency payments made to ransomware attackers increased nearly 90 percent in Q1 2019 over the previous quarter, according to ransomware support firm Coveware’s latest report.

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Next Bitcoin Bull Run Slays 2017’s ‘Hype-Driven’ $20,000 High: Researcher

By CCN. com: Tom Shaughnessy, a co-founder at Delphi Digital, an independent research boutique for institutional-grade analysis, believes the next bull run of bitcoin will be bigger than the previous rally.

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