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Previous bull-market cycles indicate this about Bitcoin prices
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The crypto market has been looking very uninspiring lately. No thanks to India’s upcoming policy decision that seems to have added to the market’s derailment. With Bitcoin hovering near the $56,000 levels, there is fear on the Bitcoin Fear and Greed index.
Meanwhile, crypto analyst TechDev pointed to a “mid-cycle” bounce-off by drawing similarities from the previous bull-market cycles.
<p lang=«en» dir=«ltr» xml:lang=«en»>All 3 full #BTC cycles saw a «mid-cycle» bounce off the 1.272.After that…
2013 faced resistance at the 1.55.
2017 faced resistance at the 1.618.
2021 faced it at both.
After this is historically when mania sets in. pic.twitter.com/VQ5bTQaY5H
— TechDev (@TechDev_52) November 24, 2021
Previously, JP Morgan analysts had predicted
Read more on ambcrypto.comAbout this in other media
Cryptocurrency Prices today on December 4: Market goes red while Gifto rises over 54% moneycontrol.com /2 years ago
Securities regulator SEBI to oversee India’s crypto market, report reveals ambcrypto.com /2 years ago
As crypto bill uncertainty weighs, here's what Bitcoin investors should do cnbctv18.com /2 years ago
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