Tuesday, June 6, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Market & Analysis

Trader Predicts Crypto Market Will Mimic 2018 Bear Season – Here’s How High Bitcoin Could Go Before Nuking Lower

Mikhailev by Mikhailev
May 20, 2022
in Market & Analysis
0
Trader Predicts Crypto Market Will Mimic 2018 Bear Season – Here’s How High Bitcoin Could Go Before Nuking Lower
Share on FacebookShare on Twitter


A extensively adopted analyst and dealer says that the crypto market may copy its 2018 playbook.

Pseudonymous dealer Altcoin Sherpa tells his 175,700 Twitter followers that this 12 months “may very effectively” grow to be a repeat of 2018 with a number of variations with regard to infrastructure and variety of digital belongings.

“2022 may very effectively seem like 2018 given the period of time we may chop round for. I do suppose that the market is extra mature lately than earlier than, although. Total market construction for buying and selling is best + dexes [decentralized exchanges] + NFTs [non-fungible tokens] + gaming + new usable chains.”

In response to Altcoin Sherpa, Bitcoin (BTC) took 336 days in 2018 to hit a backside after reaching a 2017 excessive, whereas altcoins took longer.

The crypto analyst and dealer says that since Bitcoin hit the all-time excessive in November of 2021, roughly 189 days have handed, or about half the time it took for the flagship cryptocurrency to backside out in the course of the 2018 bear season.

 “BTC: One factor that sucked about 2018 was the period of time it took to drawdown; we’re about midway there proper now.

In the event you depend altcoin/BTC pairs, it was even longer. 2019 was shit for a lot of of these (alt/BTC pairs had been extra standard again then).”

Supply: Altcoin Sherpa/ Twitter

The pseudonymous crypto analyst says Bitcoin may recognize by over 15% from present ranges earlier than crashing.

“One thing like this is able to make sense for me; extra individuals getting bullish on the bearish retest of $35,000 – $40,000 after which value nuking decrease.”

Supply: Altcoin Sherpa/ Twitter

Bitcoin is buying and selling for $29,504 at time of writing.

Examine Price Action

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong

Related articles

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

June 5, 2023
GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

June 5, 2023





Source link

Share76Tweet47

Related Posts

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

by Mikhailev
June 5, 2023
0

Bitcoin’s value declined 5% in a single hour on June 5 after the USA Securities and Alternate Fee (SEC) filed a...

GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

by Mikhailev
June 5, 2023
0

Grand Theft Auto VI crypto rumors Rumors that the upcoming Grand Theft Auto VI will incorporate cryptocurrency and nonfungible tokens...

Musk’s alleged price manipulation, the Satoshi AI chatbot and more

Musk’s alleged price manipulation, the Satoshi AI chatbot and more

by Mikhailev
June 3, 2023
0

High Tales This Week Dogecoin traders accuse Elon Musk of insider buying and selling in amended class-action lawsuit A bunch...

Arbitrum price soars after DeFi whale address resumes ARB accumulation

Arbitrum price soars after DeFi whale address resumes ARB accumulation

by Mikhailev
June 2, 2023
0

On June 2, the value of Arbitrum jumped alongside the top-ranking cryptocurrencies after the USA Senate voted to raise the debt...

Fine art on Solana, AI music, podcast + book reviews – Cointelegraph Magazine

Fine art on Solana, AI music, podcast + book reviews – Cointelegraph Magazine

by Mikhailev
June 1, 2023
0

BitCulture explores arts, tradition, music and media in blockchain and Web3. Advantageous artwork on the blockchain Change.artwork head curator Haley...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

June 5, 2023
Bitcoin price will get ‘another test’ of 200-week trend line — analyst

Bitcoin price will get ‘another test’ of 200-week trend line — analyst

June 5, 2023
The blockchain and AI bond, explained

The blockchain and AI bond, explained

June 5, 2023
Ethereum gas fees cool down after May memecoin frenzy

Ethereum gas fees cool down after May memecoin frenzy

June 5, 2023

Recent News

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

June 5, 2023
Bitcoin price will get ‘another test’ of 200-week trend line — analyst

Bitcoin price will get ‘another test’ of 200-week trend line — analyst

June 5, 2023
The blockchain and AI bond, explained

The blockchain and AI bond, explained

June 5, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.