Wie zum 55% Bitcoin-Korrektur belebt Vergleiche mit dem vergangenen Bullenzyklus

Bitcoin price is still trading at more than $25,000 less than the local highs set earlier in the year, and bulls have a lot of ground to reclaim.

jedoch, the lost ground might not be so bad after all, as it has brought the current market cycle a lot closer to past bull cycle comparisons, which could shed some light on what’s left for Bitcoin in terms of price action in the months ahead.

Bitcoin Collapse Puts Market Cycle On Par With Previous Bull Run

Following a sharp more than 55% decline across the board in cryptocurrencies – even the top dog Bitcoin – the market is mixed on whether or not the bull run has ended and if a new Bär

Der Bärenmarkt ist definiert als ein sinkender Satz von Preisen für verschiedene Arten von Vermögenswerten. Ein bärischer Investor möchte von den fallenden Preisen profitieren. Sie können an einen Bären denken, schwang seine große Pfote nach unten auf die Investition, drückende Preise.

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‘ href =”https://www.newsbtc.com/dictionary/bear/” data-wpel-link =”intern”>bear market has begun.

The standard definition of a bear market in “securities” is a 20% or more decline. By those standards Bitcoin is in a Bär

Der Bärenmarkt ist definiert als ein sinkender Satz von Preisen für verschiedene Arten von Vermögenswerten. Ein bärischer Investor möchte von den fallenden Preisen profitieren. Sie können an einen Bären denken, schwang seine große Pfote nach unten auf die Investition, drückende Preise.

" Weiterlesen

‘ href =”https://www.newsbtc.com/dictionary/bear/” data-wpel-link =”intern”>bear market every other week and has been in one since April 2021.

Verwandte Lektüre | Die Fibonacci-Sequenz und warum 30.000 $ Bitcoin so wichtig sind

The massive plunge was among the worst monthly declines on record and the most devastating Q2 in crypto history – and it might have been enough of a drop to prevent a full fledged crypto bear market.

It also has brought prices back down to a level that’s a lot more on par with past bull market cycles.

bitcoin bull cycle

The recent crash put this cycle on par with the last | Quelle: BLX auf TradingView.com

Will The Parabolic Curve In Crypto Behave The Same Way Again?

The chart above takes an exact carbon copy of the 2016 und 2017 Hausse, and juxtaposes it over the current market cycle. A similar parabolic curve is drawn to show the possible trajectory.

Von 2015 durch 2018, Bitcoin price grinded against the support curve the entire way up. There was very little divergence from the rounding, upward trending line.

Verwandte Lektüre | Warum der nächste Bitcoin-Bärenmarkt der bisher schlimmste sein wird

There’s no denying this recent market cycle is very different than the last, but the recent 55% collapse has made things a lot more similar in scope.

Much like in early 2019 Bitcoin price deviated away from the curve, then overcorrected back down to it, the leading cryptocurrency by market cap could have done the very same thing from April through the recent bottom put in around the start of this month.

There’s still some room between today and the next bump into the parabolic curve. This could suggest there’s more sideways ahead, but further downside is likely limited thanks to what has already been a large enough correction.

Folgen @TonySpilotroBTC auf Twitter oder über das TonyTradesBTC-Telegramm. Der Inhalt ist lehrreich und sollte nicht als Anlageberatung betrachtet werden.

Ausgewähltes Bild von iStockPhoto, Diagramme von TradingView.com

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Quelle: Newsbtc

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