Analyst zackvoell shares 'Bitcoin Bear Market' model: $BTC bottom might not be reached yet Bitcoin
This model tracks the performance of Bitcoin in 2011, 2013-2015, 2017-2018 and during the ongoing cycle that started in November 2021.
It looks like the two last cycles have stolen over 80% of Bitcoin's peak price. Should history repeat itself, Bitcoin might bottom at $13,800.Meanwhile, the 2011 bearish cycle resulted in a 95% Bitcoin price drop. However, it happened when Bitcoin adoption was still in its infancy.Commentators on Mr. Voell's post are excited by the upcoming"buy the dip" opportunities as the digital gold might become even more affordable.
Despite the pale performance, Bitcoin managed to become the most profitable of all assets in Q3, 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC/USD Forex Signal: Bitcoin Consolidation ContinuesThe BTC/USD price continued consolidating on Monday as focus shifted to the upcoming American inflation data.
Read more »
Bitcoin (BTC) Price Analysis for October 9Can one expect growth of BTC next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this weekBitcoin’s support and resistance zones remain unchallenged, but is this the week that changes? (Reporting via WilliamSuberg)
Read more »
Bitcoin price poised for 'very big move' as CPI due to spark volatilityBitcoin stays calm but 'massive volatility' is expected to engulf the BTC price this week.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall to 1-Week Lows, as Markets Prepare for Big Week of Data – Market Updates Bitcoin NewsBitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data.
Read more »
Price analysis 10/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIBBitcoin doesn't have easy days ahead, but it didn't retest its lows from last June. Get an overview of the market with our top-10 crypto charts.
Read more »