Nov 16, · For all intents and purposes, Bitcoin is back in a bull market. But even bull markets don’t always simply move upward in a straight line. Along the way, the road gets rocky, and violent and volatile corrections wipe out weeks of progress made in a matter of one or two. Nov 18, · Bitcoin Indicator Suggests Bull Market Is Still in Early Phase Bitcoin has plenty of scope to extend its current rally, a price indicator suggests, even as the cryptocurrency is fast closing in on. Dec 18, · Bitcoin Bull Market Gains Momentum As Capital Pours In From Institutions Bitcoin is more bullish now than it has been in past cycles, and while that’s surprising to even the most steadfast crypto supporters, no one could have predicted the perfect storm that has been for .
Bitcoin bull marketBitcoin Bull Market for COINBASE:BTCUSD by MartyBoots — TradingView
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Jim Wyckoff Wednesday December 23, Kitco News Share this article:. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. Falling bull market financial business profit decline as a symbol of losing positive gains in a free fall as a bullish icon falling off a cliff with 3D illustration elements.
At this point, no one can deny that Bitcoin has begun a new bull market. Hedge funds, institutions, and the wealthy are looking to Bitcoin over gold to protect their wealth and store value for the coming fiat currency collapse. The new wave of high-wealthy investors has caused FOMO from financiers with deep pockets.
The demand and mad dash away from the dying dollar has resulted in the cryptocurrency taking off much faster this time compared to the last cycle. And because Bitcoin is so overheated and ahead of the last bull cycle, such a drop is very possible.
Retail crypto investors often FOMO buy and then panic sell multiple times per year. While institutions often take positions for the long-term, lasting as long as five, ten, or twenty years and beyond. This also makes their buy-in price irregardless at current levels given their position sizes and targets five to ten years out, when Bitcoin could be worth millions per coin.
The need for low prices is negligible for investors of this size, but even they are calculated risk-takers and are more likely to enter when the cryptocurrency finally corrects. This could lead to any crashes being bought up extremely fast by hands that will be less likely to sell in the near term future, which means the next impulse will be stronger for it. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value.
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