• Crypto Lists
  • Bitcoin
  • Blockchain
  • ICO
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    featured image

    Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

    featured image

    Top 5 Online Merchants That Accept Cryptocurrency

    featured image

    An account into Bitcoin Lightning Network Progress and other Scalability Solutions

    featured image

    Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Trade Signal
    • News
      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

      US-China trade war effect on Bitcoin Price

      US-China trade war effect on Bitcoin Price

    • Crypto Market
    • Guide
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      featured image

      Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

      featured image

      Top 5 Online Merchants That Accept Cryptocurrency

      featured image

      An account into Bitcoin Lightning Network Progress and other Scalability Solutions

      featured image

      Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Trade Signal
      • News
        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

        US-China trade war effect on Bitcoin Price

        US-China trade war effect on Bitcoin Price

      • Crypto Market
      • Guide
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home bitcoin

      Bitcoin on The Brink of Another Bull’ Suggests Technical Indicators and Research

      Ramaa Mohan by Ramaa Mohan
      January 15, 2019
      in bitcoin, News
      0 0
      0
      Bitcoin on The Brink of Another Bull
      5
      SHARES
      26
      VIEWS
      Share on FacebookShare on Twitter

      With 2019 starting, the cryptocurrency market has been around for just over a decade. The cryptocurrency market, in the last 10 years, has established itself as an unignorable part of the financial world. And is also the flagship application of one of the most destructive technologies of our times.

      But one thing that happens when any system has been functioning for long periods of time, is the forming of patterns. And the very same can be said for the cryptocurrency market. The cryptocurrency market over the last 10 years has had a number of bulls, the best of them being the one that took place in 2017 December.

      Based on information collected during each of these bull runs, it has now become easy to predict and characterise the market. The trends leading up to and post the bull are becoming easily identifiable and many analysts believe that we are in the forefronts of yet another Bitcoin bull.  

      According to Research

      2018 has been a pretty nasty year for the cryptocurrency market. The reason is that the market was recovering from the bull of 2017 and was regularising prices again. The bearish characteristics of 2018 were more than called for and were also predicted, right after Bitcoin peaked at $19,000 USD.

      Bitcoin prices were also a victim of a lot of speculation that surrounded the market at that time. There were a lot of events and technology-related features that really affected the cryptocurrency market last year. And these additional factors managed to push Bitcoin further down its various support lines.

      However, so far 2019 has been quite rewarding. The cryptocurrency market is picking up again and there is constant movement into the green for Bitcoin and others. Many coins this year have outperformed themselves in terms of gains and performances and the trend is likely to stay.

      Bitcoin is currently still trading at sub-$4,000 USD prices, but the community is optimistic. And researchers are sure that we are on the brink of another bear.

      A popular cryptocurrency analyst called Galaxy recently floated the idea that Bitcoin was on the brink of yet another bear. The user, in their theory of Bitcoin, has pulled many parallels from previous bull-bear combinations and has shown that the cryptocurrency market is very close to reaching the end point of the bear market.

      Galaxy further elaborates saying that the cryptocurrency market is reaching its 420th day of the bear market and if history is anything to go on, it will be the end of the 2018 bear.

      He explains, “We’re approaching the 420-day mark which ended the 2015 bear market and if history repeats itself, we’re moving towards several months of accumulation and a new bull cycle starting mid-late 2019.”

      Corroborated History

      Since Galaxy posted this on Twitter, a lot of community members have taken it upon themselves to try their hand at the research. And according to findings, the patters Galaxy has pointed out and the history referred to have striking similarities.

      The 2015 bear also ended in similar ways, with a large number of community backing, industry announcements and with a similar time period in place.

      But with that being the case, there are a lot of people claiming that too much is being read into the similarities. They implore that the cryptocurrency market is too new to have patterns like these taken too seriously and are asking people to wait before believing this recent theory.

      Technical Indicators Agree

      Another promising factor that further adds weight to the theory is the fact that technical indicators too seem to be in parallel with the theory. A widely used, trusted and accepted technical indicator recently showed that there may be truth to this theory.

      The indicator also suggests that the cryptocurrency market is on the very edge of a large increase in price. The GTI VERA Bands Indicator, recently indicated that over time the cryptocurrency market is in store for large gains and that they were coming quite soon. The GTI VERA band is a widely accepted technical indicator in the community.

      The GTI VERA Technical indicator is not the only one suggesting this price movement. The Directional Movement Index for the first time in a long time has flipped positive for Bitcoin. Which basically means that there are more people buying Bitcoin now, even though there is a slight slump in performance.

      Crypto Community Being Conservative

      While this news is a huge deal of good news after a year-long bear, the cryptocurrency community remains conservative with these findings. The reason for this is that the same was said for 2018. Analysts and investors were sure that the cryptocurrency market would soar again in 2018, but nothing of the sort happened.

      Experts in the cryptocurrency market have come out and said pretty much the same thing about these findings. Which are; Let’s wait for the Bitcoin price to breach $5,000 USD and then see what happens.

      While the technical indicators, theorists and enthusiasts do paint a pretty picture, the actual on-ground reality at this point is very different. The market is still in a bearish state and Bitcoin is currently trading at $3,688 USD. However, this news does come as a sign of good times and brings hope to and for the cryptocurrency market once more.

      Must Read Top 20 Cryptocurrencies to buy in 2019 (Part- 1)
      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: bitcoin on bullBitcoin on The Brink of Another BullBitcoin on The Brink of Another Bull' Suggests Technical Indicators and Research
      Share5TweetPin

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      featured

      A starter guide to Bitcoin Options trading

      by Nivesh Rustgi
      July 6, 2020
      0

      In this Guide, we will cover Bitcoin options trading, options trading platforms and how to trade bitcoin options on deribit....

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      by Nivesh Rustgi
      June 21, 2020
      0

      Bitcoin hash-rate recovery is underway and we can expect a buy signal post the miner capitulation soon. However, the...

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      by Hitesh Malviya
      June 15, 2020
      0

      In this article, we will look at Technical Indicators which suggests Bitcoin can crash below 7000$ in the next few...

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      by Nivesh Rustgi
      June 12, 2020
      0

      In this article, we will discuss Why Bitcoin is a safe haven and how it can perform during the next...

      featured image

      How to Make Money in Crypto When It Falls

      by Hitesh Malviya
      June 5, 2020
      0

      For anyone who finds themselves frustrated with the lack of growth in Bitcoin and other coins over the last year,...

      Load More

      About Us

      We share important articles on blockchain technology here. Our mission is to spread the awareness about blockchain technology to masses through content.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      May 2, 2020
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      May 12, 2020
      featured image

      Top 10 Low market cap altcoins to invest in 2020

      June 2, 2020
      featured

      A starter guide to Bitcoin Options trading

      July 6, 2020
      How to Buy Cryptocurrency in China

      How to Buy Cryptocurrency in China

      February 17, 2020
      Find an Altcoin Bottom

      How to Find an Altcoin Bottom and Uptrend

      April 30, 2020
      binance exchange safe

      How Safe is Binance Exchange

      August 21, 2020
      playcent

      Introducing Playcent- Decentralised Wix for interactive apps and games

      December 14, 2020
      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      September 27, 2020
      Bitcoin [BTC] Price Analysis – Monthly Returns

      Bitcoin [BTC] Price Analysis – Monthly Returns

      September 1, 2020
      Featured Image

      PrimeXBT – A Smart Platform to Trade Crypto, Forex, and CFD

      August 28, 2020
      featured image

      Bitcoin [BTC] Price Prediction: Parabolic Fractals from 2019

      August 2, 2020
      featured image

      Top 10 Staking Coins Everyone Should Know About

      July 26, 2020
      featured

      4 Interesting Ways Blockchain Technology Impacts Higher Education

      July 21, 2020
      • featured image

        List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

        55 shares
        Share 55 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2020

        20 shares
        Share 20 Tweet 0
      • Top 5 DeFi Crypto Projects

        52 shares
        Share 52 Tweet 0
      • A starter guide to Bitcoin Options trading

        51 shares
        Share 51 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.