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Bitcoin2021

End of Year Roundup: How Did Bitcoin Fare in 2021?Bitcoin (BTC), the world's largest cryptocurrency, started off the year soaring 129% to a new all-time high of $64,843 before experiencing the biggest crash in nominal terms. From the April 14 high to the June 22 low, Bitcoin lost over $36,000 in value, or 55.59%, before bottoming out. In the second half of the year, the bullish sentiment returned slowly and steadily, which helped push BTC's price to a new all-time high of $69,000 – a 139.58% rally from mid-June low. The last two months of the year saw Bitcoin’s price pulling back towards the $42,000 - $50,000 range. At the time of writing, one Bitcoin is valued at $47,810. 2021 Key Bitcoin Stats The total USD value of Bitcoin in circulation reached another significant milestone of $1.215 trillion on November 16. At the start of the year, Bitcoin market capitalization was only $478 billion; this represents a 154% increase in market capitalization. Bitcoin’s market dominance has fallen drastically to 40.2% from 70.68% at the beginning of the year, though Bitcoin kept its lead as the most traded cryptocurrency in 2021. Meanwhile, the Bitcoin network hash rate, which represents the speed of mining, has hit a new all-time high in 2021 of 181.77 million TH/s. Looking Ahead: Overall, Bitcoin had a fantastic year, and we are looking forward to seeing what surprises await us next year!
Long
by cryptohopper
Bitcoin Price Analysis prior triangle breakout 🔀Hi! Price showing obvious triangle shape. Looking at the previous market movements and behaviours on right charts, you might notice same structure over past few years, with different end result. Back in 2018 we saw the breakdown towards downtrend. In the 2020 we traded similar setup with bullish outcome. Notice interesting structure inside triangles. In bullish scenario I see wedgy shapes and in bearish structure I see descending channel and triangle. Today price sloping towards apex of triangle and price developed few wedges inside triangle. Any breakout will be supported by traders which following market closely and in case of breakdown we might see last holders will sell out in fear if price shakes down. Stay focused on the market behaviour on next 2 weeks, it will take time to confirm the breakout either way so don't rush trades in the panic.
COINBASE:BTCUSD
by ArShevelev
12
Vechain (VET) Retesting 14 Cents!Big weekend ahead for Vechain and the of the cryptocurrency market. We have very important resistances to break the first being $0.14 cents for Vechain. As of right now we're at the doorsteps of retesting it. If we fail to break this we may have choppy waters ahead potentially going back down to below $0.10 cents in a worse case scenario but good if you want to load up heavy on more Vechain. We've been making higher lows that's always a nice sign. I hope nobody is sleeping on Vechain as this project is primed to be a $100 Billion dollar market in the near future. There is simply no other cryptocurrency addressing supply chain, data, and logistical issues on a global enterprise level. We have have Bitcoin 2021 in Miami June 4th - 5th so we'll see how this conference affects the overall tone and sentiment of Bitcoin going forward. It is estimated that more than 50,000 people will be attending which is a record so we'll see if this will have a positive effect on the markets. I'll be there! Much peace, love, health, and wealth. Stack crypto safe and hodl with grace =]
Long
by peacefuljustin
Is the Bitcoin Uptrend Coming to an END?Bitcoin has been in an exceptional uptrend since October 2020. Let's find out if this bull market is coming to an end and what could happen next! Is the Bull Market Coming to an END? When Bitcoin is in an uptrend, the 150 EMA on the 4h chart acts as a mobile support. Bitcoin has kept above the 150 EMA ever since breaking above the $10,000 price range in October 2020! The coin has retested this support multiple times but never went below it significantly. Therefore, if Bitcoin closes around 10% below the 150 EMA, it would mean that this uptrend has come to an end. What Happens Next? This doesn't necessarily mean that we will have a bear market. We may continue to consolidate instead. Further proof that we may be in a ranging market instead comes from the indicator Williams %R. Williams %R is an oscillator that finds overbought and oversold zones. As with any momentum oscillator, it works best in a ranging market. Ever since Bitcoin got rejected by the $42,000 level, Williams %R has been working very well. If we do drop below $30,000 we may see a bear market, however, it shouldn't be very severe and we should still hold above $20,000. Thus DCA may be the preferred investment method over the coming weeks. A consolidating Bitcoin market can be a positive development for the crypto world. It may give altcoins enough time to catch up and make big moves; ETH, AAVE, SNX, LINK, and FTT, among others, have already started a strong uptrend. Additionally, this gives Bitcoin time to consolidate its massive gains over the past three months.
by cryptohopper
1
The great rotation into AltsThe market has been wildly optimistic recently. Bitcoin is posting new all-time highs almost every day, with minimal price drops. If you hold cryptocurrencies, the chances are that your wallet is much more wealthy today than a couple of months ago, no matter what you own. The whole market has been on a tear, mainly thanks to the Bitcoin's parabolic price growth, which offered a tailwind for most of the Altcoins. Ironically, while diversification is a widely praised approach, a portfolio fully invested in Bitcoin was the most profitable option lately. In early November, we suggested that the breakout of Bitcoin was behind the corner, just looking at the underperformance of Altcoins in BTC prices. Since then, Bitcoin more than doubled in price, and the rest market has trailed behind it by an average of 30-40%. Today we are in the opposite situation where Altcoins just fell at the cheapest valuation compared to Bitcoin since the bottom of the Bear Market. A rebound from here would have around 90% of upside potential. And that would only represent a mini-Altseason like those we had in the past two years. Nothing to compare to 2018! If you wonder whether or not to jump on the Crypto train, consider a ticket in Altcoins' class. The trip may be more fun.
CRYPTOCAP:TOTAL2
by Coinrule
2
Bitcoin’s New Year’s Resolutions 🍾New year’s is known to be a time to step back, assess the past 12 months past, and reconnect with your ‘big picture’. For many, the calendar year is little more than a convention… a mere habit - only really meaningful to auditors. In spite of that crypto investors, and Bitcoin cycles, seem to place heavy significance on the turn of the year. The last two bull runs developed precisely one year apart, both in 2013 and 2017. If we mark each bull market’s beginning at the moment when Bitcoin broke its previous all-time high, the “new year” started a little early this time around. It’s also worth noticing - bull markets produce most of their returns within their first year. If history repeats, as it so often does, 2021 is likely to be one you don’t want to miss! Of course, it’s impossible to predict exactly where the top will be. What we do know for sure, is that Bitcoin is the asset that’s consistently made the impossible possible, every cycle (so far!). Paying $16 for a single Bitcoin in 2011 was as crazy-a-price as $1100 sounded in 2013. Now, after just a couple of months of growth, a dip back to $20,000, or even as far as $13,000, would be a blessing to many investors. Bitcoin’s New Year’s Resolution seems to be set - to the moon! What about yours? Happy Holidays! ☺️
BNC:BLXLong
by Coinrule
BitCoin Elliott wave analysis 2021 Bitcoin has made new all time high. Resistance 29474 and 32013 the current wave can be c or 3 wave which has reach its 2.382 extension @29474. the entire trend gained momentum after breakout of yellow trend line which has made a potential parallel channel the upper red line of channel and 2.618 fib extensions @32013 together can top if current level got broken. C corrective wave and 3rd impulsive wave both followed by correction . 38% and 61% retracement of this wave is now at the white horizontal support. If correction takes several weeks of 2021 than end of 4th wave can easily retest 38% retracement, parallel channel lower trend line and all time high of 2017..
BITSTAMP:BTCUSDShort
by Sangam-Agarwal
Bitcoin’s Had a Fantastic Year, but the Best is Yet to Come!With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come! Bitcoin in 2020 The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period. During March’s economic downturn in response to Covid-19, BTC experienced a severe crash along with many other markets such as the S&P 500 and gold. The coin fell to its lowest level of $3,800 this year. Then, in just two months, Bitcoin recovered all of its lost ground, reaching $10,000 by May. The price stayed stable between May and August, and it was the altcoins that grew significantly, with many DeFi tokens gaining more than 1,000% in value! BTC then made new yearly highs at $12,000 before retesting the $10,000 support. Starting in October, with the help of strong institutional interest, Bitcoin experienced a tremendous uptrend with a speed and momentum not seen since early 2017. On November 5th, BTC broke above $14,000, proving that this is the strongest uptrend since 2017. On December 16th, the price made a new all-time high for the first time in 3 years. BTC pushed up an additional 43%, reaching all the way up to $28,000! Bitcoin in 2021 Although 2020 was a great year for the world of crypto, with a tremendous increase in Bitcoin’s price and a keener interest from institutional investors, many predict that “2021 will be the year of crypto”. Bitcoin reached its zenith in December 2013 when it broke above $1,000 for the first time. After a severe correction, the coin gained significant ground in 2016, making new all-time highs and reaching its zenith again in December 2017, around four years later. Then following a severe correction, Bitcoin rose significantly in 2020, making new all-time highs. If history is to repeat itself (which it often does), then we will see Bitcoin peak out in December 2021! Happy New Year!
by cryptohopper
A Record for BitcoinAfter three weeks of ranging, Bitcoin finally breaks the $20,000 and makes a new all-time high! Breakthrough Importance Calling this as "big news" would be an understatement. This breakthrough just about confirms many predictions regarding the Bitcoin cycle. Generally, the more a resistance is tested, the stronger it becomes; this also means that the stronger the resistance, the stronger and more aggressive the breakthrough will be when it finally occurs. The $20,000 level was strong because it was the main resistance in the 2017 bull run and held multiple times in 2020. Now that the breakthrough finally occurred, it has pushed Bitcoin's price through the roof! What Happens Now? It is very hard to determine where exactly the price will head. During the last halving, the price went up around 20% after making a new all-time high. This looks to be the case this time, as the price stopped just short of $24,000. Every time the price breaks a resistance, it becomes a new support. Therefore we should look at the $20,000 point as a robust support level from now on. This is also the price where we predicted Bitcoin would head to after peaking out around $80,000-$100,000 in the halving cycle. As BTC has just broken this level, it may come back to retest it after peaking out, which will make it an excellent entry point. The 150 EMA we mentioned in previous articles works excellently as a mobile support during bull runs. Therefore, when the price hits the 150 EMA, it is usually a great time to buy. During the last halving, Bitcoin's experienced a short correction to just below its previous all-time high before pushing higher. Therefore BTC may fall to $16,000 in case of a more serious correction. However, it is more probable that it will hold above $20,000.
by cryptohopper
1
BTC Starts Correction. Now let’s find suitable entry points!As predicted, BTC failed to make new highs, stopping just short of $19,500. The coin has now started an overdue correction. Now it is essential to find where it will bounce back so we can enter once again! Support Levels Finding suitable entry points goes hand in hand with finding the right support levels. The first support level stands at $17,000, where BTC made a small comeback at the start of this correction. This level is important as it was the last main resistance in Bitcoin's path to the all-time high. However, due to Bitcoin's outstanding growth from $10,000 to $19,500 in just two months, the correction is more severe and has already stepped past this point! The next support level stands at $16,000. This level came into prominence this year, as it held Bitcoin from pushing higher repeatedly. This level is likely to be hit, as after a strong bull run, a mild bear market is to be expected. Currently, Bitcoin has bounced near this level twice. Lastly, we have the $14,000 support level. This level is critical as it was the highest price we hit following the 2017 bull run until November 2020. It also acted as a major support holding Bitcoin above it throughout much of 2018. BTC may head to this level in case of a "severe" correction. Yes, Bitcoin can go lower. However, due to the strong momentum, optimism, halving, and entrance of institutional investors, the price will likely hold above $14,000. After bouncing on one of these levels, we are likely to see revisit the all-time high. However, it may take a while before we break it. Strategy The 5 and 200 EMA crossover is among the best strategies on the 1h chart. With a 0.01% commission, the strategy would have made a stunning 415% return from 2019 up until the present. While backtesting is not the same as live trading, if you backtest for long enough and throughout different market conditions, then you will likely see similar results in your live trading. Therefore you can also use this strategy as your next entry point.
Long
by cryptohopper