Friday, February 3, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Is a Bear Market Imminent? How Low Could BTC Fall?

by Crypto News
October 18, 2021
in Bitcoin
0
Bluesky Provides Bitcoin and Ethereum Mining Update for September, Record Production Achieved in Q3 2021
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


By David Wagner

Investing.com — As a Bitcoin ETF in the USA will lastly change into a actuality this week, some imagine that Bitcoin will quickly set new data, whereas others predict that traders will “promote the actual fact” after having “purchased the rumor.”

Certainly, it could not be the primary time that Bitcoin has risen in anticipation of a significant occasion, solely to start out falling as quickly as that occasion turns into a actuality. This was the case with the launch of CME Bitcoin futures in 2017, and extra lately, with the Coinbase (NASDAQ:NASDAQ:COIN) IPO earlier this yr.

So the query for cautious traders is how a lot Bitcoin may right if historical past repeats itself.

Bitcoin is predicted to submit a much less extreme correction this time

On this regard, we will word current very related feedback from the fund Pantera Capital, by way of its CEO Dan Morehead, in a report printed earlier this month.

Specifically, he recalled that in the course of the first two main correction phases of Bitcoin in 2013-15 and 2017-18, bitcoin plunged by greater than 80% after new highs.

Nevertheless, he additionally identified that the corrections following the 2019-20 and 2020-2021 highs had been a lot much less extreme, by -61% and -54%, respectively.

Due to this fact, we will anticipate that if Bitcoin enters a bear market following the launch of a Bitcoin ETF within the U.S., the losses will seemingly not exceed 50%. That might, nevertheless, convey the digital coin again near $30,000.

“I’ve lengthy advocated that because the market turns into bigger, extra beneficial, and extra institutional, the magnitude of worth fluctuations will reasonable,” he defined to justify Bitcoins more and more shallow bear markets.

Bitcoin rallies will probably be much less and fewer huge as nicely

Nevertheless, Morehead identified that the flip facet of the coin is that the cryptocurrency’s bullish rallies can even be smaller and smaller, declaring that the bullish influence of the varied halves which have taken place over Bitcoin’s historical past have resulted in smaller and smaller rallies.

Based on him, the primary halving of Bitcoin led to a 9212% rise within the cryptocurrency, whereas the second resulted in a 2910% rise. The third, which came about final yr in Could 2020, has up to now resulted in a rally of “solely” 720%.

Halving reduces the reward for Bitcoin miners by about half each 4 years, which is equal to a discount in provide, with a mechanically bullish influence on the Bitcoin worth.

Associated Articles

Bitcoin: Is a Bear Market Imminent? How Low Could BTC Fall?

Fantom Rises 10% As Rest of Market Stays Quiet Ahead of Bitcoin ETF Launch

The responsibility behind a crypto lender’s asset listing



Source link

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022
Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023
🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

February 3, 2023
#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

February 3, 2023
Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023

Recent News

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023
🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News