{"id":368161,"date":"2019-01-15T00:00:20","date_gmt":"2019-01-15T00:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=368161"},"modified":"2024-06-11T07:43:12","modified_gmt":"2024-06-11T07:43:12","slug":"history-may-signal-that-bitcoin-is-nearing-a-new-bull-cycle","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/history-may-signal-that-bitcoin-is-nearing-a-new-bull-cycle\/","title":{"rendered":"History May Signal That Bitcoin is Nearing a New Bull Cycle"},"content":{"rendered":"
Since early-2018, Bitcoin and cryptocurrency investors alike have been caught in what seems to be a large sea full of endless waves comprised of price drops, fake news, accounts of fraud, and countless other examples of occurrences that have shaken out the weak speculators. This has left behind a community of investors who either ardently believe in the technology, or suspect that another wave of speculators will drive the markets back to, or above, their previously established all-time-highs.<\/p>\n
Although the persisting bear market has been incredibly tough for neophyte investors, an analysis of historical trends may signal that another bull market is imminent.<\/p>\n
Recently, a theory regarding the future of Bitcoin<\/a> \u2013 which will undoubtedly lead the direction of the entire cryptocurrency markets \u2013 has surfaced on various social media platforms that uses historical trends to predict the future of market movements.<\/p>\n Galaxy, a popular cryptocurrency analyst on Twitter, recently discussed<\/a> the possibility of an imminent bull run based on Bitcoin\u2019s historical trends, telling his nearly 50,000 followers that the \u201cfuture lies in the study of the past.\u201d<\/p>\n \u201cWe’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,\u201d he noted while referencing a chart that shows the 2014 bear market which lasted until 2015.<\/p><\/blockquote>\n Although the 2018 bear market has not yet lasted quite that long, the patterns between the two markets do appear to be strikingly similar, which could mean, as Galaxy noted, that Bitcoin will enter into an accumulation period that will be proceeded by another parabolic bull market.<\/p>\n Recently, a widely used technical indicator gave traders a rare signal that Bitcoin could be on the brink of making a massive price move that could mean that Bitcoin will see significant buying pressure in the future.<\/p>\nTechnical Indicator May Support This Theory Regarding an Imminent Bitcoin Bull Run<\/strong>\u00a0<\/strong><\/h2>\n