Bitcoin's uptrend is still intact, according to the Realized Cap HODL Waves metric, which shows that new money is flowing into the market, indicating a new bull cycle.
Bitcoin and other cryptocurrencies remained stable on Wednesday after a significant decline, indicating a bearish trend supported by technical factors.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Key social metrics suggest that cryptocurrency markets may soon rebound, as the use of the term "bear market" has reached an 11-week high on social media platforms, which historically indicates that price rises are likely; additionally, deep-pocketed investors are accumulating Bitcoin again, contributing to a recent rally.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
The current Bitcoin cycle appears to be lining up with previous cycles, showing similarities in the bear market drawdown phase and the convergence of prices after crashes, suggesting that more drawdown may be coming for the price.
Renowned cryptocurrency expert Arthur Hayes predicts that Bitcoin will enter a period of consolidation around the $25,000 mark in the coming months, while also emphasizing the potential long-term value and importance of cryptocurrencies and blockchain technology.
Bitcoin and Ether remain stable as cryptocurrency investor sentiment remains cautious, although JPMorgan analysts report a slowdown in downward price momentum, and the Forkast 500 NFT Index gains after a surge in sales of Donald Trump's signature NFT collection following his arrest.
Bitcoin is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Most of the top cryptocurrencies remain stable, with minimal gains or losses over the past week, except for TON, which increased by 22%, and Bitcoin Cash, which rose by 8.6%, driven by positive developments in the TON ecosystem and the Grayscale/SEC news.
Bitcoin has been on a bull run since the Federal Reserve's $25 billion program to stabilize the US banking system, according to BitMEX co-founder Arthur Hayes, who predicts that the market will respond in the next six to 12 months.
Bitcoin bulls may be disappointed as a monthly technical indicator suggests a weakening of upward momentum, potentially leading to a long and drawn-out basing process.
Bitcoin is expected to experience a corrective move before resuming its bullish momentum and potentially surpassing its previous highs, according to a pseudonymous analyst who accurately predicted the lowest price of the cryptocurrency during the 2018 bear market.
Bitcoin's bullish momentum is fading as liquidity shifts on the Binance order book, indicating a potential volatile move, according to an analysis by Keith Alan, co-founder of monitoring resource Material Indicators.
Despite the recent downturn in the crypto market, a key Bitcoin metric shows that 95% of the existing supply of Bitcoin has not moved in the past 30 days, indicating strong holding behavior and potential for a price rally with a buy-side catalyst.
Bitcoin is predicted to enter a "mid-cycle lull" before starting a bull run in late 2024, according to a new price model, with the date of November 28th identified as a key pivot point in the year.
Bitcoin, Ethereum, and Ripple prices are in a consolidation phase, with Bitcoin facing a make-or-break support level, Ethereum testing a crucial support level, and Ripple breaking out from a bearish trend but still at risk of a decline.
Bitcoin could experience one final correction of up to 10%, according to crypto analyst Michaël van de Poppe, who advises long-term bulls to see it as an opportunity to increase their BTC holdings. However, if Bitcoin manages to stay above the 200-week EMA, it could continue to move upwards.
Bitcoin (BTC) experienced a short squeeze, leading to a rally in prices and a decline in open interest in futures and perpetual swaps trading. However, the lack of immediate bullish catalysts may cap the price recovery.
Crypto analyst Jason Pizzino believes that Bitcoin's bull market cycle is underway and will be confirmed if it crosses the key level of $28,500.
Ark Invest's recent report highlights the recovery of Bitcoin's realized capitalization, the decline in liquidity and trading volumes, the recent increase in volatility, and the optimistic long-term outlook for the cryptocurrency.
The next crypto bull run will be different from the last one, as corporate interest in blockchain technology will drive gradual growth rather than a sudden surge in prices, according to Lars Seier Christensen, founder of Concordium. However, there are differing opinions, with some experts believing that we are already in the initial stages of a bull market.
Bitcoin (BTC) has shown remarkable stability above the $26,000 level despite sell-offs in equity markets and a surging US dollar, potentially signaling a bullish cycle as long-term investors continue to accumulate.
Bitcoin is poised for a bull run next year according to analyst Dave the Wave, who cites the cryptocurrency's monthly moving average convergence divergence (MACD) and logarithmic growth curves (LGC) as indicators of a maturing market and potential price increase, although short-term volatility is still possible.
Bitcoin halving, which is expected to occur in mid-2024, is already 85% complete, and the supply held by long-term holders is nearing its all-time high, suggesting that a mature bull market may not begin until next year.
Bitcoin and other cryptocurrencies remain stable or slightly higher despite turbulence in the stock market, but this calm may not last.
Bitcoin's bull market is expected to reignite as the Federal Reserve is predicted to resume printing money, leading to a surge in Bitcoin's price, according to BitMEX founder Arthur Hayes.
Bitcoin's bear market may be over and an upward expansion is likely, according to a popular crypto analyst who compares the current situation to that before the 2016 and 2020 bull markets.
Bitcoin and other cryptocurrencies experienced a slight decline along with the wider market, but analysts are optimistic that the recent uptrend will persist.
Bitcoin is showing a bullish signal as US long bonds decline, with crypto analyst Jamie Coutts suggesting that the digital asset could enter a new bull cycle once it surpasses the $31,000 resistance level.
