2024

Bull Market

Resistance

Read

<ul>
 <li>Historical data shows Bitcoin’s cyclical patterns of rapid growth followed by corrections, crucial for future market predictions.</li>
 <li>High volatility periods often precede significant price movements, indicating potential bull market phases for Bitcoin.</li>
 <li>Despite short-term bearish trends, analysts project Bitcoin could reach $150,000 by year-end, reflecting long-term optimism.</li>
</ul>
<p>Bitcoin’s price action and volatility are key indicators for <a href="https://cryptonewsland.com/seasoned-traders-and-analysts-debate-over-when-bitcoin-bottom-will-print/" rel="noopener noreferrer nofollow">market analysts and investors</a>. Understanding these elements can provide insights into potential future movements and market phases. Recently, Bitcoin has shown significant volatility, raising questions about the timing of its next bull market phase.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Bull market &amp; High Volatility. <br><br>When Volatility Index enters high volatility territory, the second phase of <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> bull market is not far from starting. <a href="https://t.co/ApZuENN3Pj" rel="noopener noreferrer nofollow">pic.twitter.com/ApZuENN3Pj</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1810016711841911280?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="h-historical-price-trends"><strong>Historical Price Trends</strong></h3>
<p>The optimistic long-term price chart of Bitcoin shared against the US Dollar spans from around 2010 to predicted prices in 2025. It reveals a dramatic rise from under $1 to over $100,000 in 2025, illustrating Bitcoin’s substantial growth over the years and prediction in the coming year.&nbsp;</p>
<p>Resistance levels, denoted by blue horizontal lines, show specific Fibonacci levels that prove to be a rigid area where Bitcoin struggle to move further up before opening up and moving to the next level. These levels are important to understand the cyclical nature of Bitcoin’s price movement of high volatility that often happens with the phase of the sharp rise followed by the period of sideways movement or a correction.</p>
<p><img decoding="async" width="602" height="381" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfjPj6GcUY-duMrHTr-S8KK5NQv-Uw_iXTplLXVAlf64eKMPijhVP4YnPAoad9GrIZKJfvqzvf6r6ZmD3xC8vB5XfoM0H2dBG9Fbqz9F_HJ0hZRMPqWIazVV6qLlR9GH0Y5iN4EUdWGkyvLkUGrdFklFOx1?key=_B1xlfnpQ9xb2TmoNII9nQ"></p>
<p>Source: <a href="https://x.com/Washigorira" rel="noopener noreferrer nofollow">Titan of Crypto</a></p>
<h3 class="wp-block-heading" id="h-volatility-patterns"><strong>Volatility Patterns</strong></h3>
<p>Below the price chart, a volatility index measures Bitcoin’s price volatility over time. High volatility periods, indicated by red shaded areas, appear to occur cyclically. These periods often precede significant price movements, suggesting that high volatility can be a precursor to the next phase of a bull market. When the volatility index enters high volatility territory, it often signals that a new phase of Bitcoin’s bull market is not far from starting.</p>
<h3 class="wp-block-heading" id="h-recent-market-movements"><strong>Recent Market Movements</strong></h3>
<p>The price chart over a 24-hour period shows a downward trend from around $58,000 to approximately <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$55,190</a> at press time. This drop, coupled with irregular price movements, indicates considerable volatility.&nbsp;</p>
<p>A sharp decline is visible, likely influenced by a news event involving <a href="https://cryptonewsland.com/the-complete-guide-to-mt-goxs-bitcoin/" rel="noopener noreferrer nofollow">Mt. Gox moving nearly 47,229 BTC</a>, German government withdrawals and Bitcoin miner sell-offs. Such events can impact market sentiment and contribute to short-term price fluctuations.</p>
<p><img decoding="async" width="602" height="403" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd03XEsoOTfPQKFHXu9jQVq4nA75hgHsYg63Dh0aARxO441ug0-VPJVcxBYHMjo1F8BBSEKb9qTA_Ziefx2aWlvdGF51hcGLhljHljW73MNRcSEGGBjF_JzzccsZ15Qk58HuGjGkTlSu20zQoflue4So3x7?key=_B1xlfnpQ9xb2TmoNII9nQ"></p>
<p>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a></p>
<p>Despite these bearish trends, crypto enthusiasts and investors in general continue to have high hopes for Bitcoin within the market. Prominent personalities in the markets like Robert <a href="https://cryptonewsland.com/analyst-predicts-bitcoin-surge-to-150k-by-year-end-despite-market-bearish-trends/" rel="noopener noreferrer nofollow">Kiyosaki and Tom Lee</a> recently give large price forecasts on Bitcoin, with Lee forecasting a move to $150 000 by year end. These projections are a stripped-lined reflection of a general optimistic outlook within the crypto-space irrespective of short-term fluctuations in prices.</p>
<p>The historical and daily volatility analysis of the Bitcoin price gives valuable information regarding the future movements in the market. Although, the stock exchange has recorded bearish trend in the recent past, the future trends are still bullish. Information on such dynamics can aid the investors to grasp the nature of the market for bitcoins and then make the right decisions.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/fed-rates-affected-the-crypto-market/" rel="noopener noreferrer nofollow">Fed’s Rate Hike Pause Sparks Crypto Market Volatility and New Price Lows</a></li>
 <li><a href="https://cryptonewsland.com/analyst-predicts-bitcoin-surge-to-150k-by-year-end-despite-market-bearish-trends/" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin Surge to $150K by Year-End Despite Market Bearish Trends</a></li>
 <li><a href="https://cryptonewsland.com/altcoin-uptrend-wyckoffs-accumulation-in-play/" rel="noopener noreferrer nofollow">Altcoin Uptrend: Wyckoff’s Accumulation in Play?</a></li>
 <li><a href="https://cryptonewsland.com/staying-steady-in-bitcoins-bull-market-amid-volatility/" rel="noopener noreferrer nofollow">Staying Steady in Bitcoin’s Bull Market Amid Volatility</a></li>
 <li><a href="https://cryptonewsland.com/renowned-crypto-investor-analyzes-bitcoins-volatility-and-trajectory/" rel="noopener noreferrer nofollow">Renowned Crypto Investor Analyzes Bitcoin’s Volatility and Trajectory</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoins-volatility-and-price-patterns-indicate-bull-cycle-phase-2-approach-now-aths-ahead/" rel="noopener noreferrer nofollow">Bitcoin’s Volatility and Price Patterns Indicate Bull Cycle Phase 2 Approach, Now ATHs Ahead</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Volatility and Price Patterns Indicate Bull Cycle Phase 2 Approach, Now ATHs Ahead

Table of Contents

Crypto News Land

Andre artikler udgivet 8. jul. 2024

'Minimum Target Is $44,000': Grim Bitcoin Price Prediction Issued by Legendary Trader

Pi Network Launches 200% Lockup Option for Mainnet Pioneers

Ethereum Holders Are Selling Uniswap (UNI) and Aave (AAVE) and Buying Revenue Sharing Revolution ...

Solana’s Firedancer Prepares for Bug Bounty Launch

Legendary Trader Peter Brandt Slams Ethereum: Details

Hamster Kombat is Open for Pre-Market Trading: Announced Bybit

Join our free newsletter for daily crypto updates!