Past vs. Present — Examining Bitcoin’s History of Bull Market Corrections
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As of now, the price of bitcoin has decreased by 23.4% from its peak of $73,737, reached on March 14, 2024, about four months ago. Metrics indicate that this is the longest period in bitcoin’s history without a 25% decline during a bull market. In contrast, both the 2017 and 2021 bull markets experienced several […]
Bitcoin has fallen back below $70,000 as selling pressure continues to dominate among crypto traders. Notably, there is currently little sign of strong buying demand that could stop further downside and the current structure still leaves room for a Bitcoin price drop below $60,000. Interestingly, technical analysis shows that the…
An analysis by CryptoQuant reveals that the Bitcoin Liquid Inventory Ratio has plummeted to unprecedented levels, indicating a potential tightening of sell-side liquidity in the face of mounting demand. CryptoQuant’s CEO, Kong Young Ju, hinted at the significant shift in the cryptocurrency market dynamics, which was reminiscent of the patterns…
As Bitcoin continues to navigate a turbulent upward trajectory after the recent drawdown from its ATH in May, analysts are revisiting historical bull markets for context. However, this time around, some trends appear to be evolving. What may have worked as a predictive model before might not fully explain the…