3 key ways 2021’s Bitcoin bull run may differ from 2017’s

After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains. Fast forward to the present time, and BTC’s $19,100 price is virtually identical to where it was on Dec. 17 2017. One might think that not much has changed, despite some altcoins crashing, but that couldn’t be more distant from the truth. Crypto market data daily view. Source: Coin360…

This bull market is different because people already know about crypto, Celsius CEO says

Google searches for Bitcoin (BTC) appear to be far less popular today than they were when the asset achieved its previous all-time high in December 2017. “2017 was all about hype and first-time users jumping in to try to catch BTC because of FOMO (Fear Of Missing Out),” Celsius CEO Alex Mashinsky told Cointelegraph. “This time, it is different,” he noted. “The fact almost no one is searching for BTC,” said Mashinsky, referencing data from Google Trends, “tells you everyone already knows what it is and where to buy it (cash app or…

Bitcoin price metric that called 2020 bull runs flashes ‘buy’ again

An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July. As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signalling for buyers to enter the Bitcoin market. Hash ribbons post rare “blue dot” Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before previous bullish upticks this year. “Look what I found. A blue dot,” he…

TradingView general manager explains how the current crypto bull market is unlike 2017

The cryptocurrency space has undergone a number of bull and bear markets since its inception in 2009. The crypto bull run in 2017 was one of the biggest years for the industry, hosting soaring digital asset prices and growth. Blockchain markets look much different today than they did three years ago, however, based on regulation, adoption, and other factors. How will crypto’s current macro uptrend differ from 2017? Asset dispersion is a key differentiator, according to Pierce Crosby, general manager of asset charting platform TradingView.  “The key here is to be looking…

This metric suggests Bitcoin price can go as high as $590K this bull run

The current Bitcoin (BTC) bull run could send BTC/USD as high as $590,000, one indicator forecast this week. Curated by on-chain analytics resource Glassnode, the Net Unrealized Profit/Loss (NUPL) index has reached a level that has historically launched the Bitcoin price an order of magnitude higher. Unrealized profit chart hits launchpad level The latest bull signal was noticed and uploaded to social media by the company’s CTO, Rafael Schultze-Kraft, on Nov. 30. At the time, BTC/USD was already making new all-time highs on several exchanges. NUPL currently resides at 0.62.…

Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally. Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue. BTC/USDT 4-hour chart (Binance). Source: TradingView.com Why a bull trap for Bitcoin now? A pseudonymous trader known as “Crypto Capo” predicted Bitcoin…

Decred co-founder explains rationale behind Bitcoin bull and bear cycles

Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that the answer lies within the human brain.  “Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance,” Yocom-Piatt told Cointelegraph. Over the years, various parties have argued different cases for Bitcoin’s cycles, including PlanB’s stock-to-flow model, which projects future Bitcoin prices based on its programmed halving events…

Where The Bitcoin Bull Market Correction Might End

Bitcoin price over the last 24 hours saw an over $3,000 crash and more than 15% wiped out from its price tag. Despite the downside, the cryptocurrency is undeniably in a bull market. But bull markets do correct, and when they do it can be powerful. As to where Bitcoin could fall to, the last bull market and one particular indicator could provide clues. Bitcoin Begins First Major Bull Market Correction Since $10,000 Breakout The leading cryptocurrency by market cap shocked Wall Street and the rest of the world over…

Stellar Lumens’ 170% Bull Rally May Have Just Run Out of Steam

Key Takeaways Stellar surged more than 170% in the past week to hit a new yearly high of $0.23. Crypto enthusiasts seem to be growing overwhelmingly bullish about the recent price action, suggesting that a correction is underway. If sell orders begin to pile up, XLM could drop towards $0.13. Share this article Altcoin traders have waxed bullish about Stellar Lumens since its native token XLM skyrocketed more than 170% in the past week. However, multiple technical indicators suggest caution. Stellar Lumens Explodes as Investors Grow Bullish Stellar Lumens’ social…

DeFi Bull Run Continues as Top Coins Gain 10-30% Across the Board

After a strong pullback on Wednesday morning, decentralized finance (DeFi) coins are once again rocketing higher. Top coins pertaining to the space have gained dozens of percent in the past day, becoming the top-performing crypto assets in the top 100 by market capitalization. Bitcoin is basically flat over the past day as it attempts to consolidate between $17,000 and $18,500. BTC continuing to consolidate may allow altcoins to rally further as attention naturally shifts to coins that can make investors more money in the interim, altcoins. Related Reading: Here’s Why…