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Bitcoin history and future1W time frame - Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines. Every cycles have similar trend, we can mark them with three colors as below. (1) White range stand for Bull high to Bear second low (2) Red range stand for Bull high to Bear low (3) Green range stand for Bear low to Next halving According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24. Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
BNC:BLX
by EthanTW
Very interesting group of channels tying tops & bottoms togetherWe can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the near future. Seeing it this way gives me added confidence the bottom is likely in..although with a black swan big enough I suppose price could still collapse to the bottom trendline of the worst channel. For now I believe bottom is more probable to be in than not though. *Not financial advice*
INDEX:BTCUSD
by DrDovetail
On this day, 13 years ago, Satoshi Nakamoto updated the BTC logo🎯 Today marks the 13th anniversary of an iconic moment in the history of Bitcoin. It was on this day, 13 years ago, that the creator of Bitcoin, Satoshi Nakamoto, updated the Bitcoin logo by embedding the symbol '₿' within a gold coin. This logo has since become synonymous with the world's first cryptocurrency and has become an iconic symbol of the digital currency revolution. 🎯 The logo update not only marked a milestone in the development of Bitcoin, but it also cemented the currency's status as a legitimate form of currency. The use of the gold coin design was a nod to the currency's potential as a store of value, while the '₿' symbol within it represented the currency's digital nature. 🎯 Today, we can still appreciate the elegance and simplicity of the Bitcoin logo. The logo has become an iconic symbol of the cryptocurrency movement and is recognized around the world. It has become a visual representation of the power of blockchain technology and the potential of decentralized finance. 🎯 As we look back on this momentous occasion, we are reminded of the incredible journey that Bitcoin has taken since its inception. From a white paper to a global phenomenon, Bitcoin has come a long way in just over a decade. Today, it continues to be a leading force in the cryptocurrency space, inspiring new innovations and driving forward the adoption of blockchain technology. 🎯In conclusion, the Bitcoin logo update of 13 years ago was a defining moment in the history of cryptocurrency. The simplicity and elegance of the logo have made it an iconic symbol of the digital currency revolution. As we look ahead to the future, we can be confident that Bitcoin will continue to lead the way in transforming the world of finance. Happy 13th anniversary, #Bitcoin! Let's continue to drive innovation and adoption in the cryptocurrency space. #cryptocurrencies #blockchaintechnology
Editors' picks
by Crypto2AF
14
5 Years of BTC on New Years EveHappy new year everyone, just for fun I thought we could take a look at BTC performance in the lead up and aftermath of New Year's Eve for the past 5 years. There's definitely an interesting trend that the run up to New Year's Eve tends to see extremes of price. This year, although it might seem like a lifetime ago now BTCUSDT was at an All Time High of 69,000.00 exactly (crazy right?) on November 10th 2021, with a 30% correction since then. New Year's Eve of 2020 was certainly a time of celebration as we broke a new All Time High on November 30th 2020, and continued to make new high after new high! New Year's Eve of 2019 was a less exciting affair for the bulls, after hitting a 6 Month Low on December 18th , but price bounced back for a >60% gain by mid-February of 2020. New Year's Eve of 2018 was even more painful for bulls, as price hit the Low Of Year on December 15th at 3156.26 - More than an 80% drop since the highs of earlier that year in January 2018! New Year's Eve of 2017 was of course the infamous bull run, hitting an All Time High of 19798.68 on December 17th 2017 (Seriously, are you seeing a trend with these dates?), only to drop over 40% in the following 2 weeks to December 30th. What a wild ride it's been! If you enjoyed this post give a Like, perhaps a Follow and leave a comment below 😀 HAPPY NEW YEAR TO ALL, MAY IT BE YOUR BEST YET!
by HayeTrading
4
Bitcoin Halving DemystifiedI was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference. A picture speaks a thousand words. Here's a history of Bitcoin halvings - all two of them. A. The first and the only point pertinent to the question that was asked of me is point A - the second BTC halving which occurred in July 2016 where the price of Bitcoin dropped ~40% immediately BEFORE, DURING and AFTER it. Need I say more? The rest of this post is for educational purposes. B. Here, the price dropped by 75% six months after the first halving (that should have said first on the chart). C. A drop in price of approximately 80% in its early days (11.85 to 2.22) and one year before the first halving. D. A correction period of over 1.5 years where the price dropped by about 90% between the two halvings (1163 to 152). E. The price rose by 100% one year after the second halving. As an analogy, in today's terms, it would rise from 3000 to 6000 or 8000 to 16000 one year after the next halving (I'm not saying this is what will happen). F. A correction period of over a year where the price dropped by ~85% (~20000 to ~3000). Bitcoin has had more elongated correction periods and FAR MORE drops in price than it has had halvings. A third correction period of over a year or another drop in price is neither an abnormality nor a deviation from the "norm". I guess the only reason I can think of as to why people think my projection seems so absolutely absurd is because they be dreamin' of owning Maseratis and Mansions and they be wantin' it now. Do I think halvings have anything to do with the price of Bitcoin (all one of the two halvings which had no significant correlation, where the price did not increase immediately after the halving and only increased months later in line with the trend it was in prior to the halving)? None whatsoever. Do I expect the price of Bitcoin to increase in the future? Yes, but only after it corrects. What is clear from this chart is that BTC, just like any other stock or crypto, goes through cycles. I can't predict when the corrections will end but I can forecast where it will likely finish based on its cycle and technical analysis, and that is what I am most concerned with at Purple Crypto Premium. Adios amigos. What goes up must come down. My Secret Papa Bear Chart It Played Out Like a Beautiful Melody Are We Ready for the Crash? Are We There Yet? What If It Goes Down? Future Projection ___________________________ There's only one person you need to follow when it comes to crypto.
BITSTAMP:BTCUSD
by PurpleCrypto
11
History might not repeat itself!Some people believe that everything is repeated in a circle. If at the same time and similar condition something happened it should happen again under the similar condition and the similar time. I might agree on that if we decide what we mean for condition. Some people compare this end of the year with 2017 end of the year. However many things have changed permanently since then. Let me just remember what came just before the run. 13 - 10 BTC price breaks $5,000 for the first time 25 - 10 Bitcoin Hardfork, Bitcoin Gold goes live 31 - 10 CME announces to launch Bitcoin futures 20 - 11 Bitcoin price breaks $10,000 for the first time 11 - 12 CBOE Bitcoin Futures are launched 18 - 12 Bitcoin price hit all time high just below $20,000 Now..today we have a completely different situation. Many people lost money entering the market just before or just after the ATH. No big news for BTC. No new ATH which is, in my opinion, one of the reasons why BTC boosted so high back in 2017 Many investors got out from the market long ago when we entered the well known 2018 bear market. As long as BTC remains under $20,000 there isn't any hope to touch an ATH again. In my opinion it should have already touched a new hight in the last Bull Run. However it didn't and stopped quite far from a new hight. If nobody, or a few believe that BTC can make it, if there aren't any good (very good) news on BTC side nothing like before can happen. BTC isn't set to skyrocket soon. But nobody knows..... Good News are like Christmas Gifts...you expect it but you never know what's inside, how valuable is that thing inside until it's unwrapped.... Do your research and good luck...Drink wine and forget all this mess for a little while.
BITMEX:BTCUSD.P
by RobRobin
BTC - past and present comparison analysisGood day fellow crypto participants, looking at the past Bitcoin Bear-Market we can find many clues that could help us determine future price movements. Of course, I doubt that history will exactly repeat itself but it can surely give us some good reference points. So first let´s look at the RSI in 2014 where we made our first low at roughly the ~30 level region, then forming an ABC correction, wicking through the upper white trendline just to test the lower white trendline to come crashing down again and making a second low on the RSI and the price chart. That is where the ultimate bottom was formed in the past. Nowadays we can already see a slight difference to the past, like closing below the .786 fib. level. Nevertheless the resemblence is definetly there, like closing a few weeks above the upper white trendline only to fall heavily through it and nearing the ~30 level RSI region again. But where do we go from here? Altough I can say with confidence that we will likely go into a correction before printing the second low on the RSI (not saying that the first low is in yet) and the price chart to form the bottom that we are all looking forward to, I won´t predict where exactly since that is just pure speculation. For this reason I have marked the important support regions I will be keenly looking out for. I will say that the probability is very high to bounce off one of these levels/regions especially off these fib levels and blue boxes and that the chance that we fall below $1000 is very low. Well nothing is impossible but I will only be averaging down to around $900, if it really falls lower then I´ll maybe sell my house and car to buy more? Just kidding of course, don´t invest what you can´t afford to lose. But seriously at what point would you stop buying Bitcoin $500, §300, $200, $150, $70, $0 ? The crypto market needs adoption, regulations, ETF´s, more real life value and at the pace we are going right now I really believe that it won´t take too long before seeing more and more signs of a new bullrun so I will audaciously say that we will find the real bottom in the 1st Quarter of 2019 and then slowly creep upwards. So that was my grandscale past and present analysis on Bitcoin, hope some of you might find this helpful. Feedback would be genuinely appreciated! Cheers, from Kaizer - Not financial advise, only sharing my thoughts here -
BITSTAMP:BTCUSD
by Kaizer1
4
Bitcoin History with Bear/Bull MarketsAs we see from the chart above, bitcoin has had many long term bear market. The first bear/neutral market starting from end of 2013 and lasting till mid of 2015. That is a 650+ days of bear market!!! But it was soon followed by slow bull market for next 500 days (about 17 months). The observation here is solely based on the number of days/months bitcoin stayed in the bear/bull market. It cannot be neglected that bitcoin may once again experience or go through a similar pattern. As per the previous observations, we may continue to observe a slower price variations in BTCUSD for the next 300+ days or until September of 2019. Do let me know your thoughts on the same. :)
BITFINEX:BTCUSD
by WhitePanigale