Current Bull Cycle Could Send Bitcoin As High As $590,000, This On-Chain Metric Shows

Current Bull Cycle Could Send Bitcoin As High As $590,000, This On-Chain Metric Shows
фото показано с : zycrypto.com

2020-12-2 17:25

Bitcoin made history on Monday by breaking past its previous all-time high. While a near-term pullback could be possible, pundits have suggested that this rally is quite different from 2017 where bitcoin tickled the underbelly of $20,000 before crashing hard a month later.

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Bitcoin (BTC) на Currencies.ru

$ 95359.31 (+0.16%)
Объем 24H $42.55b
Изменеия 24h: -1.83 %, 7d: -7.71 %
Cегодня L: $94782.14 - H: $95594.07
Капитализация $1886.677b Rank 1
Цена в час новости $ 18792.35 (407.44%)

bitcoin could high quite different 2017 pundits

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Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern

On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent to what was observed in the 2017 cycle.

2024-11-9 12:30


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Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance

An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross this resistance level of an on-chain pricing model. Bitcoin MVRV Extreme Deviation Pricing Bands Put Resistance At $65,800 In a new post on X, analyst Ali has discussed some price levels for Bitcoin that could be important based on an on-chain pricing model.

2024-7-3 09:00