Bitcoin

<ul><li>Historical trends suggest Bitcoin&#39;s ATHs are followed by corrections and long consolidation periods.</li><li>Key support levels are $20,000 and $60,000, with a breakout above $60,000 projected to lead to a new ATH.</li><li>Recent market data indicates a potential local bottom, with a healthier balance in the futures market and near-zero funding rates.</li></ul><a href="https://cryptotale.org/could-xrp-surpass-bitcoin-in-market-dominance-analyst-projects-17-39-target/" rel="noopener noreferrer nofollow">Bitcoin</a> has been a topic of intense scrutiny and speculation, especially when analyzing its price movements from 2013 to 2024.  As per analysis by <a href="https://x.com/thescalpingpro/status/1805866082965528876" rel="noopener noreferrer nofollow">Mags</a>, an analyst, historical patterns suggest that Bitcoin&#39;s all-time highs (ATH) are typically followed by significant corrections and prolonged periods of sideways movement.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfWGYu2_hYazSiqBtDmLkNe47SOKOnyfkFQ4mVaV90iP4MpTo5J-5_FMTAPx072mcCPL6qo0wNTxHQcmfsPvNCi9QEA70mN-6HforFgPAwwfrmWovRfX_r8S8EcFXRjE0uutUurAXdMS5XZiC6Rey6Fg42J?key&#61;b503dSoa5LUxf3u_2ukkgQ" />For instance, the ATH in 2013 was succeeded by a notable correction and an extended phase of lateral movement. This consolidation period eventually led to a breakout, culminating in a new ATH in 2017.From 2017 to 2020, <a href="https://cryptotale.org/could-xrp-surpass-bitcoin-in-market-dominance-analyst-projects-17-39-target/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price mirrored this pattern. After reaching an ATH in 2017, the cryptocurrency experienced another phase of sideways movement and consolidation. This pattern persisted until 2020 when a breakout from the consolidation phase occurred, pushing Bitcoin to another ATH.<a href="https://cryptotale.org/signs-of-a-local-bottom-bitcoins-15-correction-could-herald-a-new-ath/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Signs of a Local Bottom: Bitcoin's 15% Correction Could Herald a New ATH

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Alte articole publicate pe 27 iun. 2024

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