Bitcoin’s status as an uncorrelated asset makes it extremely difficult to gauge the timing of the market cycle. Its volatility makes it easy for traders to get pump-faked and get liquidated when the market takes an unexpected reversal, so, are we finally in a bull market?
Are We in a Bitcoin Bull Market?
Benjamin Cowen, a trader who goes by intothecryptoverse on Twitter, has released a video where he addresses Bitcoin’s recent bullish price action and provides analysis as to whether we have finally entered a new bull market. Recognizing the start of a bull market is not always easy, especially with Bitcoin.
Cowen begins by saying that hindsight is 20/20, so its important to look at prior bull markets to recognize similarities and market patterns. For his analysis, he relies on the 20-week, 100-week, and 200-week Moving Averages to give us clues, about Bitcoin price movements.
Cowen noted the similarities between the 2015 commencement of the bull market and now, as crossing the 20 weeks moving average for the first time, failed to hold support, both in 2015 and in our current market cycle. The main difference is that this time the 20 week is already above the 100-week, whereas in 2015 it wasn’t.
Cowen also spoke on a significant signal for a Bitcoin bull market being that it holds the 20-week moving average as support. We recently just crossed the 20-week again, for the second time, so only time will tell if we manage to hold it, but if we do, Cowen thinks it’s an extremely pertinent signal.
He personally thinks that we haven’t yet begun a new bull market until we hold the 20-week for a significant period. In 2015, it took a four-month time span to retest the 20-week, and for it to hold, confirming the bull market.
What About the Halving?
As Cowen pointed out, if we have a similar pattern to 2015, it may take four months to retest the 20 week MA. That would put us in May when the halving is estimated to take place. Right before the last halving, we had a short term decline in price, and then it continued to hold the 20 week MA, and it was off to the races.
Cowen speculates that one possibility may be that we see a similar decline in price, going into the halving, mirroring the price action of 2015, before we have a full-fledged run-up in price. If we do see this decline, Cowen thinks we will have to have the 20 week MA hold for several months before it fully confirms the new bull market in earnest.
Cowen’s sentiments would mirror that of well-known Bitcoin analyst Tone Vays, who remains somewhat bearish, and even forecasted a decline in price to $4000 as a possibility recently.
Another popular Bitcoin analyst, Willy Woo, seems to disagree with both Vays and Cowen and believes that the bull market has begun and that it has strong fundamentals driving it.
Woo may be correct at many altcoins which act as leading indicators have been outperforming Bitcoin, signalling that perhaps a new bull market is here, and Altseason is around the corner.
What do you think, are we officially in a bitcoin bull market? Let us know in the comments!
Image via Shutterstock origin »
SOL and XRP defied the prevailing market trend, attracting $8.9 million and $8.5 million, respectively.
With Bitcoin’s dominance under pressure, are we witnessing the dawn of an altcoin takeoThe post Bitcoin, Ethereum bleed as Solana, XRP gain - Is market sentiment changing? appeared first on AMBCrypto.
The cryptocurrency market remained cold on February 19, with Bitcoin (BTC) hovering around $95K. Ethereum (ETH), Solana (SOL), and XRP recorded losses ranging from 1% to 6%, sparking concerns among investors.
The market has witnessed intense liquidation activity, with the highest concentration occurring between $101,500 and $99,800.
Bitcoin’s current distribution of holders provides insights intThe post Bitcoin's market uncertainty: Key factors driving BTC's movements appeared first on AMBCrypto.
The cryptocurrency market was bullish in 2024. Bitcoin, the leading cryptocurrency by market cap, added over 140% to its value last year, outperforming other major assets, including Gold (26%) and S&P 500 (23%).
Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends.
Bitcoin ($BTC) continues to demonstrate remarkable strength, holding firm above key support levels and maintaining its bullish structure. With unrealized losses at historical lows, the market remains largely stress-free, creating an atmosphere that feels like the calm before a significant move.
Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]
Bitcoin is trading above $95,000 after a rollercoaster Monday that saw the market plunge and recover in rapid succession. The price dropped over 6%, setting a fresh low around $89,000, before staging a swift rebound that propelled it back to $96,000 within hours.
Bitcoin’s pullback to $90,000 caused quite a stir in the market. Although its recovery to above $96,000 on Jan. 14 offered some relief, many on-chain indicators revealed underlying stress in market health.
Bitcoin, Ethereum, XRP led the recent market crash following U. S. inflation fears.
Options market sentiment was cautiously optimistic ahead of Donald Trump's presidential inauguration.
Bitcoin‘s sharp drop following its surge to a new all-time high led to significant challenges for investors and traders, especially BTC’s short-term holders. However, with BTC regaining its upside momentum, the market might become favorable for institutional and retail investors in the upcoming days.
Analysts from the market intelligence company CryptoQuant note that current patterns in Bitcoin (BTC) metrics indicate possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 BTC.
The cryptocurrency market experienced a bullish rally on December 17, with Bitcoin (BTC) crossing an all-time high of $107,700. The global crypto market cap increased by 1% to reach $3. 72 trillion, while trading volume soared 34% to $211 billion, signaling heightened investor activity.
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market has seen massive market liquidations of…
The cryptocurrency market is buzzing with optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post massive gains. With a global market capitalization climbing 1% to $3.
The crypto market has soared to a $3. 4 trillion value as Bitcoin reaches new peaks. Bitcoin’s huge surge has naturally propelled most other cryptocurrencies upward as well. For example, NEAR has enjoyed a 21% price increase over the last week, sustaining robust market stability.
Bitcoin retail numbers have dropped significantly after the recent price retracement this cycle. On-chain factors show the market is still in a bull phase; however, major indices differ from previous cycles.
The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.
The cryptocurrency market experiences positive sentiments as Bitcoin nears $100K after topping $97K. Amidst the bullish trends, Bitcoin Cash (BCH) surpassed the $10 billion market cap after significant 24-hour surges.
IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.
The general cryptocurrency market has seen notable upward momentum in the past few weeks, with Bitcoin, the largest digital asset, leading the market once more toward what several seasoned crypto analysts believe to be one of the biggest bull runs ever.
Let’s face it, cryptocurrency is no longer just a buzzword—it’s here to stay. From Bitcoin to Ethereum, the market has proven that digital currencies and decentralized technologies are shaping the future.
Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels.
As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]
Institutional interest in Bitcoin ETFs remains strong, potentially stabilizing the market amid geopolitical uncertainties and economic shifts.
The post BlackRock Bitcoin ETF records $329 million net inflows despite market retreat appeared first on Crypto Briefing.
As the original digital currency, Bitcoin remains one of the most popular Cryptos to trade. Due to this popularity, its price changes frequently, often having a greater impact on the wider Crypto market.
Bitcoin's growing dominance underscores its role as a safer investment amid market volatility, potentially sidelining altcoins further.
The post Bitcoin’s dominance over altcoins grows amid market uncertainty appeared first on Crypto Briefing.
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity.
Short-term Bitcoin holders face mounting losses, potentially leading to increased market volatility and signaling a bearish trend transition.
The post Bitcoin short-term holders underwater as market pressure mounts – Glassnode appeared first on Crypto Briefing.
The crypto market has faced a notable dip lately. At publication, the market cap has fallen by 1. 30% to $2. 04 trillion, while trading volume has plummeted by 40. 36% to $36. 02 billion. Bitcoin (BTC) trades at $58,229.
Quick Take According to a recent analysis by CryptoSlate, the current Bitcoin market is behaving in a strikingly similar pattern to that of 2019. Since reaching an all-time high of approximately $73,000 in March, Bitcoin has been fluctuating mostly within the $60,000 range, reminiscent of previous periods of market consolidation.
As the cryptocurrency market faces yet another wave of volatility, both Bitcoin and Ethereum have seen their recent gains erode, leaving investors on edge. Amidst this uncertainty, many are shifting their focus to promising new ventures, with BlockDAG capturing significant attention.
The cryptocurrency market is witnessing a significant resurgence, with Bitcoin climbing back to $63. 3K. This rally began almost immediately after the near-assassination of former President Trump on Saturday, and the bullish momentum has shown no signs of slowing down.
Bitcoin shows signs of stabilization after the recent price drop, with market data indicating a potential local bottom.
The post Bitcoin bottom is in, but market news still pose threat: Bitfinex appeared first on Crypto Briefing.
The cryptocurrency market is currently facing pressure due to a steep drop in Bitcoin prices. Yet, hope is still alive. Many are awaiting the next bull run, expected to elevate the market once again.
Bitcoin's price remained over $65,000 amid a decline in retail investor activity.
Current on-chain data suggested a lack of short-term holder activity, indicating potential for future market moThe post The silent Bitcoin market: What's happening behind the scenes at $65K? appeared first on AMBCrypto.
Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down…
Bitcoin (BTC) touched its minimum bullish target of $70,100 before facing rejection. Amidst the uncertainty surrounding the upcoming release of Consumer Price Index (CPI), inflation rates, and the Federal Open Market Committee (FOMC) decision, the market is bracing for potential volatility.
Quick Take Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion. Marathon Digital Holdings leads the pack with a market cap of $5.
Bitcoin’s Funding Rates on DyDx and Deribit have turned positive.
The coin’s “flat” Open Interest signals that market participants are unsure of its short-term price direction.
BitcoThe post A look at Bitcoin's rally to $63K and the effect on market demand appeared first on AMBCrypto.
The cryptocurrency market has been struggling lately, with Bitcoin, Ethereum, and many other major, mid-cap, and low-cap currencies experiencing declines or only minor gains. This downturn can be attributed to several factors, including negative sentiment towards the top cryptocurrencies and low trading volumes across the board.
Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.
Bitcoin (BTC) has again taken the spotlight in the crypto market, rising above $66,000 as a confirmation of its price rebound following the market-wide crash in the past week. However, while Bitcoin has restored optimism in investors, we see negative price action on Toncoin (TON), a notable market gainer in […]
In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period.
As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9. 3% Binance‘s dominance in Bitcoin trading outside the U.
Cryptocurrency trading can be a profitable venture, but it requires the right tools and strategies to navigate the market’s volatility effectively. Whether you’re a beginner or an experienced trader, leveraging the right tools and indicators can significantly improve your performance.
Donald Trump’s victory over Kamala Harris in the US presidential elections 2024 has infused new energy into the crypto market. What are the coins that have the most potential for big profits in 2025?
Avalanche (AVAX) has needed help recovering its losses in this volatile crypto market. Compared to other Layer-1 (L1) blockchains, AVAX consolidation could have been faster, raising concerns about its future performance.
Uncover the evolution of Coinbase International Exchange, emerging as a key player in crypto since May 2023.
The post Coinbase Rolls Out International Spot Crypto Trading for Institutional Investors appeared first on BeInCrypto.
