Market cycles, or All you should know about the future price of Bitcoin
Source:
for 10 years, survived 4 boom and bust. Thus, for 2018, it is already 90 times. The regularity is impressive, but it is not accidental. Market cycles drive any market, whether traditional or cryptocurrency. In short, the single market cycle – is the price increase (upward trend or bull market) and a further fall (downtrend or bear market).
theWhy «market cycle»?
the Recent market cycle of Bitcoin (2015 – present). Source: hackernoon.com
First, the price rises and falls cyclically. But most importantly, at the core of each cycle are human emotions. Then there is a cyclic movement from fear, uncertainty and doubt to greed, excessive optimism and euphoria. After greed and euphoria at the price of BTC in 20 thousand dollars, the Bitcoin market has significantly turned around. Fear and doubt is particularly well noticeable when the cryptocurrency around $ 4,000 after the old maximum.
The Cycle from time to time repeated, and the history of Bitcoin prices confirms this. The following is the tweet, which shows the duration of the ascending and descending trends in 2011.
'11-'12: 48 Weeks uptrend
2012: 22 weeks downtrend (-93%)'12-'13: 72 weeks uptrend
2013: 12 weeks downtrend (-80%)2013: 20 weeks uptrend.
'13-'14: 58 weeks downtrend (-86%)'15-'17: 152 weeks uptrend
2018: 51 weeks downtrend (-84% & counting)— rektcapital (@rektcapital)
Duration historical uptrend and downtrend BTC (2011-2018):
the2011-2012: 48 weeks uptrend;
2012: 22 weeks downtrend (-93%).
2012-2013: 72-week upward trend;
2013: 12 weeks downtrend (-80%).
2013: 20 weeks uptrend;
2013-2014: 58 weeks downtrend (-86%)
2015-2017: 152 weeks uptrend;
2018: 51 week downtrend (-84 percent and continues).
This statistic sheds light on some interesting properties of the history of prices of the main cryptocurrency.
first, the upward trends or bull markets historically last longer than the previous downtrend.
the second, it shows what percentage of Bitcoin is lost in the course of historical downtrend.
Down trend adjust overly optimistic and enthusiastic mindset that had market participants, when they were absorbed by the bullish euphoria at the level of 20 thousand dollars in December 2017. Such downward trends are called bear markets.
:
Buying the dip actually works when price is in an uptrend. In an uptrend you have rallies and dips.
In a downtrend you should aim to sell the rallies in an otherwise strong and stable correction.
Retweet to help others
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
5 new projections by leaders of the stock market for the year 2019. What can we expect?
And although last year bears to subjugate the entire stock market, the major media still talked about cryptocurrencies. And given the fact that they still attract traffic that it seems people have lost interest in Scripturally. Fo...
Final bottom: Bitcoin will start to rise after falling to $ 1700
a Graduate of Princeton University Murad Makhmudov quickly gained prominence in cryptocommunist with its detailed technical and fundamental market analysis. A couple of days ago Makhmudov published on Twitter the latest «debr...
2019 will be the year of the attack 51 percent. Forecast co-founder of Sia
co-Founder and CEO of a decentralized network cloud storage David Vorik thinks that in 2019 will increase dramatically the number of attacks 51 percent. According to him, many attackers will want to try your luck after the recent ...
How many billions have earned miners of Bitcoin in 2018? Unexpected figure
last year, the fall of the stock market «knocked out» many traders out of the rut, however, this did not affect the popularity of cripture. According to analysts Diar, the volume of transactions on trading platforms in 2...
Bad movie: how hackers can steal your cryptocurrency with pirated movies?
Hackers invented a new way to steal cryptocurrency — now they inject malware even in the video. The experts Bleeping Computer received information on the cases of substitution of wallet addresses after you downloaded the file from...
Win green: algorithm ProgPoW better to use the Nvidia
Anonymous insider under the nickname Ikmyeong Na claims that the company will get more benefits from potential integration algorithm ProgPoW in mining altcoins. According to him, it's not meant to be played ProgPoW, but Nvidia wil...
Hardwork Ethereum postponed. What you need to do ETH all owners and miners
on the Eve of the team ChainSecurity core developers and the community about the found vulnerabilities in the network refresh . After this statement, the key stakeholders of the community, Ethereum has decided to postpone the plan...
Hardwork Ethereum Constantinople officially postponed indefinitely. Why?
Constantinople — the long-awaited hardwork Ethereum, which is January 16. The main innovation of the update was to reduce the reward per block with 3 coins to 2. Because the update was supported by all major exchanges, the problem...
The Russians created a fake wallet Electrum. How to identify a Scam and not to fall into the trap?
Kriptonyte always been the target of criminals and hackers. This is a new form of money allows you to move them around the world without any obstacles, what makes the niche so popular among hackers. Right now, the ratings GitHub g...
What cryptocurrencies is mine in 2019? A list of the best coins for mining
Late last year for the niche cryptocurrency was very heavy. Hardwork and further brought down the market to the year's lows. The same Ethereum in the first half of December hanging out at 85 dollars, while Bitcoin barely showed si...
Red flag: the six main problems EOS
the Fifth of the capitalization of the cryptocurrency fell by 15 percent during a sharp drain on Thursday. Today is trading at 2.47 dollar, after rising 6.7 percent during the day. It is noteworthy that the project has problems no...
When in Russia will appear scriptural? The response of the Chairman of the Duma Committee on Finance
the Chairman of the Duma Committee on financial market Anatoly Aksakov said that Russian criptural may appear within the next 2-3 years. However, while it is important to remember that under Russian law, smart contracts, cryptocur...
Over the past have seen an exponential growth of innovation and research in the world of cryptocurrency. However, CEO angel versetti , the most innovative ecosystem of blockchain is still . According to him, the idea of Ethereum d...
Why do you need a unique Bitcoin address and how to create it
do Not have to be conceited to create your unique Bitcoin address. The question here is not about the usual combinations of numbers and letters and a unique symbol which will make the purse recognizable. Such addresses in particul...
Vlad Zamfir goes to new CryptoStream. The team wants to run Casper before Ethereum
One of the main developers of Vlad Zamfir may soon shift the focus of their research on a new project. According to the Crypto Block, the programmer began working with startup Casper Labs to create «fully scalable blockchain&...
Cryptopia hacked, the stock exchange reported significant losses. Chithiram the end?
January has started briskly. A week ago hackers a successful 51 percent attack on the blockchain Classic, which ended in huge losses and damaged reputation of the team. Although the attackers the equivalent of 100 thousand dollars...
Russia is waiting for: a bill of digital assets will examine in early February
the Bill on the digital economy can be adopted by the state Duma in the next month. It is including digital of financial assets. According to the head of the state Duma Committee on financial market Anatoly Aksakov, the document i...
The cryptanalyst: Bitcoin still not found its bottom
the Market will fall still long enough. According to analyst Willy Wu, traders should not rely on a sharp increase in the very near future. Cryptocurrency every day delivers new features «weakness» and was still not read...
Comments (0)
This article has no comment, be the first!