'We may see another 5-6 months of downward or sideways price movement of bitcoin,' Grayscale explained. $BTC crypto cryptocurrency
Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement
The digital asset manager explained: “While methods vary for identifying crypto market cycles, we can quantitatively define a cycle by when the realized price moves below the market price , using bitcoin prices as a proxy.”“As of June 13, 2022, the realized price of bitcoin crossed below the market price signaling that we may officially have entered a bear market,” Grayscale described.
In addition, the report notes that crypto market cycles have been taking about 180 days longer to peak each time.“From peak-to-trough, the 2012 and 2016 cycles lasted approximately 4 years, or 1,290 and 1,257 days respectively, and took 391 days to fall 73% in 2012, and 364 days to fall 84% in 2016,” Grayscale said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin holds 5-week high as trader suggests ‘parabolic' bear trend is overBTC price action keeps inverse dollar correlation with Bitcoin breaking out to multi-week highs.
Weiterlesen »
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataOver the past couple of weeks, miners have offloaded the largest amount of bitcoin since January 2021, cryptoquant_com data shows. 14,000 $BTC was transferred just on July 14. Watch Chart of the Day explain the data, presented by cryptocom:
Weiterlesen »
BTC/USD Forex Signal: Bullish Above $23kTrade the Bitcoin today using our forexsignal here: bitcoins bitcointrading bitcoinprice tradingwednesday
Weiterlesen »
FTX's Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry'It's okay to do a deal that is moderately bad' to maintain the health of the overall crypto industry, FTX co-founder and CEO SBF_FTX told an audience Tuesday. jesseahamilton reports
Weiterlesen »
100X Bitcoin energy use would mean ‘absurd’ $20M BTC price — developerWill Bitcoin’s energy consumption really reach 100x? Not without an 'absurd' future price tag says provoost. (Reporting via WilliamSuberg)
Weiterlesen »
Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullbackAnalysts warn of an inevitable pullback. Bitcoin broke the 24K barrier, but even if the bulls are back these days, the wider view shows this is a lower high in a bear trend.
Weiterlesen »