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CATEGORY: will bitcoin rise


May 15, 2022 07:10

Bitcoin price is Consolidating! Here’s why this is a good thing

Will Bitcoin go up again after this slight halt? In this Bitcoin price prediction, we assess why the Bitcoin consolidation is a good thing.

Mar 12, 2022 07:10

Why is Bitcoin Price increasingly Correlated with the Stock Market?

The Bitcoin price has shown an increasing tendency to correlate itself with the stock markets in recent weeks and months. While a few years ago Bitcoin prices were still moving very freely from the international financial markets, the dependency on the classic financial world has increased. Let's tackle the reasons that contribute to why the Bitcoin price is increasingly correlated with the stock market.

What Happened to Bitcoin in the recent years?

The development of the Bitcoin price was always viewed very critically by outsiders. The mainstream mostly hears about Bitcoin when it becomes highly bullish or even hits a new all-time high price. Most of the time, this is followed by heavy losses, which leads to negative news about cryptocurrencies in general. 

According to "Normies", Bitcoin prices are extremely unpredictable and risky. There is a risk of a massive price loss at any time. The development of the price in recent years has been easy to predict, at least in the medium to long term. We saw a 4-year cycle that featured a bear market and a bull market. The cycle ended with a massive parabolic advance in Bitcoin prices. This was the case at the end of 2013 and 2017 respectively.

Furthermore, we saw the price development of Altcoins with a slight lag compared to Bitcoin prices. Bitcoin peaked in December 2017, altcoins a month later in January 2018. The bull markets were followed by a sharp drop (about 80%) and a transition to a bear market. 

The Bitcoin cycles are based on the Bitcoin Halving Events. In a halving, the mining rewards are halved. After 1.5 years after the halving, Bitcoin prices rose massively.

Fig.1 Stock-to-flow model of the Bitcoin price showing each Bitcoin Cycle Did the Bitcoin Price Behavior CHANGE recently?

Based on the cycles presented, many analysts also expected that the Bitcoin price would rise again massively at the turn of the year 2021/2022. Many forecasts spoke for a six-digit price. So far, however, this has not happened in 2022. Instead, we saw a sharp correction of over 45% over the last 3 months. 

Fig.2 BTC/USD 1-day chart showing the Bitcoin crash - TradingView

This raises the theory that the Bitcoin cycle has now lengthened significantly. We already saw a slightly longer cycle in 2017 compared to 2013. But another observation could also be made. The Bitcoin price follows the developments on the international stock markets more and more. 

Buy the Bitcoin in 2022 easily on  Binance  and  Bitfinex !

Why is Bitcoin Correlating more with the Stock Market?

The trends have been confirmed in recent weeks and months: the Bitcoin price is heavily dependent on developments on the stock market. In particular, the development of tech stocks in the USA, represented by the Nasdaq Composite Index, has recently been almost parallel to the development of the Bitcoin price.

Fig.3 NASDAQ 1-day chart showing the similarity in prices with BTC - TradingView

Furthermore, we see a similar reactivity of bitcoin to external, especially negative influences as with stocks. Recently, the rumors about rapid interest rate increases by the central banks and the conflict in Ukraine have rather damaged the Bitcoin price. 

There are several reasons for the increasing dependency:

  • Institutional investors have taken over the crypto market, most notably Bitcoin, in recent years. Your willingness to invest depends heavily on financial developments.
  • Bitcoin has been getting more and more representation on the stock market in recent months . The first Bitcoin ETFs were approved in the fourth quarter of 2021. 
  • Increasing regulations in various countries are making Bitcoin more and more a classic financial product.
Will the Bitcoin Stock Market Correlation continue in the Future?

We currently need to ask ourselves whether Bitcoin is now becoming a common asset on the financial market or not yet. So does the dependency on the movements on the stock markets remain or can the Bitcoin price decouple itself from these developments?

The times of the wild west seem to be over in the crypto market. New regulations in particular are increasingly bringing Bitcoin and other cryptocurrencies to a point where they resemble normal financial products. However, growth markets such as DeFi and NFTs as well as the mass adoption of bitcoin could again ensure that cryptocurrencies will achieve significantly higher returns than other financial products in future bull markets.

You can buy Bitcoin in 2022 on crypto exchanges like  Coinbase  and  Kraken  .

Bitcoin© Cryptoticker

Mar 10, 2022 02:30

Bitcoin Price above 40K again! What’s NEXT for BTC, 50K?

The crypto market showed a slight comeback after a bearish trend. Bitcoin still has a dominance over the cryptocurrency market of over 42%. As Bitcoin prices boomed by more than 8% in the past 24 hours, many other cryptocurrencies made significant gains such as XRP or LUNA. Now that BTC breached the 40K price mark, will the trend continue upward towards 50K? Or will we see yet another fall towards 30K? In this article, we're going to try and assess the Bitcoin price of today and where it might head towards.

Bitcoin Price up by more than 8%! What happened to BTC?

After last week's price adjustment, Bitcoin reached an important support area. This price level represents a very strong buy zone for many crypto investors. At that very same price, many institutions opened their positions. That's why many traders set their stop-loss right below it. In figure 1 below, we can clearly see how prices tend to rebound higher every time they touch this price around 33K.

The recent price surge comes after a heavy fall in prices. This occurred last week, and made prices fall towards this "buy zone". It is no surprise that we see today surging prices again, despite what's still happening in the eastern side of Europe.

Fig.1 BTC/USD 1-week chart showing BTC prices - TradingView Bitcoin Price Prediction - Can Bitcoin reach 50K now?

It is clear that the entire crypto market is under a lot of pressure. From one side, the world is watching Ukraine fight with Russia. On another side, the stock market is being affected heavily, as the world lost a big consumer market. From food chains such as Mcdonald's withdrawing from Russia, to even being isolated from the www, the consequences did indeed affect the entire world.

Cryptocurrencies use the internet. If the internet was to shut off from Russia, it might be bad news as the Russian crypto market is significant. This should have a negative effect on prices. On the other hand, we might see companies and other investors jump to invest in cryptocurrencies. The reason behind this rationale is the falling equity market and the weakening of the euro. That's why we present two case scenarios.

Case #1: Cryptos up

In this case, Bitcoin prices continue heading higher and break 50K. After this move, anticipation to reach the previous ATH price of 69K should be expected.

Fig.2 BTC/USD 1-week chart showing BTC up potential - TradingView Case #2: Cryptos down

For this to happen, Bitcoin price becomes weak and falls back below 40K again. This will drag the entire cryptocurrency market down and in turn, reach lower support areas such as 33K and 28K

Fig.3 BTC/USD 1-week chart showing BTC down potential - TradingView
Bitcoin Crash© Cryptoticker

Mar 19, 2023 07:05

Why Is Bitcoin Price Going Up?: Three Key Factors

What are the top reasons and why is Bitcoin price going up? Let's take a look at it in more detail.

 How high can Bitcoin price go?

Author: Cointelegraph by Yashu Gola
United States
Dec 06, 2024 12:00

How high can Bitcoin price go?

Bitcoins surge past $100,000 just a month after Trumps reelection has fueled bold predictions, with analysts eyeing $150,000$250,000 next.

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