Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

1h
cointelegraph

Canadian Bitcoin scammers con $230k from U.S citizen

1h
bitcoinwarrior

Here’s How Much the Top Athletes Would Make If They Were Paid in Bitcoin

1h
beincrypto

Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

1h
thebitcoinnews

Why FB Stock Is Poised for a 25% Rally

1h
cryptonewmedia

Crypto-Like Global Monetary System To Be a Boon For BTC

1h
cryptonewmedia

Why You Should Use Cryptocurrencies

1h
bitcoinwarrior

Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC

1h
newsbtc

Crypto News From the Spanish-Speaking World: Week in Review

3h
cointelegraph

Rwanda Reportedly Considering National Digital Currency

3h
dcebrief

The Bitcoin Price Just Did Something It’s NEVER Done Before

3h
cryptonewmedia

Is cryptocurrency mining on nuclear power a viable power solution?

3h
bitcoinwarrior

Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

3h
cointelegraph

Each Bitcoin bull market started with miner capitulation, says researcher

3h
cryptoslate

Poloniex Set to Repay Flash Crash Losses, Victims Are Not Happy

3h
thebitcoinnews

Are Whales Behing Bitcoin’s Latest Dips?

3h
livebitcoinnews

Chinese Drug Kingpins Use Bitcoin, According to U.S. Treasury

4h
beincrypto

US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

4h
cointelegraph

Ethereum May Face 20% Pullback as Key Support Level Grows Weak

4h
newsbtc

New York Gym Grit Bxng Accepts BTC Payments

4h
livebitcoinnews

Bitcoin Transactions Lead to International Drug Trafficking…

4h
cryptonewmedia

Punk Rocker Tweets ‘Bitcoin Camaro’ to 106,000 Fans Thanks to Siri Blooper

4h
dailyhodl

Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cryptonewmedia

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

4h
thebitcoinnews

Crypto Custody: Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cointelegraph


Bitcoin’s Bull Run in 2015-2017 is Very Similar to What We’re Seeing Now, Analyst Opines

zycrypto

1mon ago

There has been a lot of activities in the Bitcoin market with the virtual asset moving from its $3,700 price at the start of the year, to its 2019 high of $13,700 before retracing. CryptoThies, a crypto analyst who has taken note of this movement said in a tweet on July 19, 2019, that it is very similar to the bull run of 2015 and 2017 respectively.

According to CryptoThies, Bitcoin’s bull run in 2015 and 2017 can be closely linked with what is happening in the market of recent. In those years, there was a run-up in Bitcoin’s price which was followed by a retracement to touch the peak of the previous high.

In the same vein, the decline in price was between 31 to 40 percent before there was another surge in the asset’s value. CryptoThies, therefore, opined that this same performance is evident in the market today. For openers, Bitcoin declined from its $13,000 price level to the $9,000 and $10,000 price level which was its previous high.

Comments which were made on the analyst’s tweet revealed that people are more interested in the altcoin season springing forth. A user opined that the season is triggered when Bitcoin begins to trade sideways after a pump and the last parabola has been broken.

Nonetheless, there is a general belief that the altcoin season is around the corner, whereas no one is sure of certainty when it will begin. Like the prediction for Bitcoin, Paddy stash, a cryptocurrency enthusiast said on July 13, 2019, that altcoins usually spiked after dumping significantly in price which has been the case for the past six years. Thus, the same result can be expected in the current year.

That aside, it appears CryptoThies is not the only one who is positive that something good may come out of the recent pullback in Bitcoin’s value. Chonis Trading, a crypto trader on July 19, 2019, also opined that if Bitcoin could lose $4,000 within 8 days, it should not come as a surprise that it regains $1,500 in just two days.

Chonis Trading also said:

“It’s the next $1K move that becomes exponentially more meaningful for overall trend direction… $BTC”

Bitcoin, on the other hand, is valued at $10,600 as at press time with a market capitalization of $189 billion. It is a distance away from its 2019 high, but a 6 percent gain in price in the past 24 hours. The crypto market as a whole, today has shown slight gains.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments