{"id":464206,"date":"2021-05-20T19:53:01","date_gmt":"2021-05-20T19:53:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=464206"},"modified":"2024-06-11T11:20:19","modified_gmt":"2024-06-11T11:20:19","slug":"bitcoin-bull-run-bear-phase","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-bull-run-bear-phase\/","title":{"rendered":"Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next"},"content":{"rendered":"

Bitcoin price<\/a> has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. The selloff was enough to shock the entire market, causing the most liquidations and coins to be deposited since Black Thursday.<\/p>\n

There’s now talk of the bull run being over, however, there’s potentially two different paths that the cryptocurrency could take according to the RSI and past bull market performance.<\/p>\n

Is The Top Of The Crypto Bull Run In?<\/h2>\n

After more than one full year of an uptrend, the volatile crypto market wiped out months of progress in days<\/a>. The sharp reversal caused a 50% drop across the board, and it was enough to spook the market.<\/p>\n

Related Reading | Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken<\/a><\/strong><\/em><\/p>\n

Several top signals also appeared, such as the Pi Cycle Top indicator<\/a>, and the Relative Strength Index reaching overbought levels on the monthly. The monthly RSI, however, has been swatted down by bears and back into the normal range of the oscillator.<\/p>\n

\"bitcoin<\/p>\n

The monthly RSI is looking especially bearish | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
There is also a bearish divergence<\/a> stretching across past bull cycle tops, which could provide clues as to what’s to come.<\/p>\n
If bears can close the monthly Relative Strength Index<\/a> back below overbought levels, then the bull market could be over according to scenario B from 2017. Scenario A, however, shows bull holding the key level, and making another drastic push higher to finish the bull market.<\/p>\n
Stormy Bitcoin Forecast Could Lead To Unexpected Scenario<\/h2>\n
In scenario A, the stock-to-flow model<\/a> should be proven accurate, and the leading cryptocurrency by market cap will head towards hundreds of thousands of dollars per coin.<\/p>\n
But what if the stock-to-flow model, and every major analyst that’s glanced at a Bitcoin chart is dead wrong about expectations, or something catastrophic happens? \u00a0It sounds unrealistic, but nothing is guaranteed in markets \u2013 not even the success of Bitcoin.<\/p>\n
Droves of analysts have produced charts that demonstrate what that path to hundreds of thousands looks like<\/a>, but what might a devastating collapse look like instead?<\/p>\n
\"bitcoin<\/p>\n
Beware of a weak spot in the Ichimoku cloud | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
If a bear market takes place now<\/a> and with the stock-to-flow model causing expectations to be so high, the short investment horizon of impatient investors could lead to a sharper selloff if BTC isn’t trading at hundreds of thousands before the year’s end.<\/p>\n
A bull market failure and failure to produce the results investors are expecting, could cause investors to abandoned the cryptocurrency completely. Unless they’re in it for the tech<\/em>. Forewarning of such an event, is a weak spot in the monthly Ichimoku cloud<\/a>.<\/p>\n
Related Reading | Lack Of \u201cCapitulation\u201d Volume Suggests Bitcoin Is Doomed To More Downside<\/a><\/strong><\/em><\/p>\n
The monthly price chart in Bitcoin also is forming a massive bearish wedge<\/a> taking place across nearly a decade. A breakdown could set the trajectory for passing through the Kumo twist, which is a common setup according to how the indicator itself works<\/a>.<\/p>\n
And while anyone even remotely bullish on Bitcoin would immediately write this off, there’s no denying the cloud twist is there. Bulls also didn’t see the recent crash coming \u2013 could they also be blind to this possibility?<\/p>\n
Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. The selloff was enough to shock the entire market, causing the most liquidations and coins to be deposited since Black Thursday. There’s now talk of the bull run being over, however, there’s potentially two different paths that the cryptocurrency could take according to the RSI and past bull market performance. Is The Top Of The Crypto Bull Run In? After more than one full year of an uptrend, the volatile crypto market wiped out months of progress in days. The sharp reversal caused a 50% drop across the board, and it was enough to spook the market. Related Reading | Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken Several top signals also appeared, such as the Pi Cycle Top indicator, and the Relative Strength Index reaching overbought levels on the monthly. The monthly RSI, however, has been swatted down by bears and back into the normal range of the oscillator. The monthly RSI is looking especially bearish | Source: BTCUSD on TradingView.com There is also a bearish divergence stretching across past bull cycle tops, which could provide clues as to what’s to come. If bears can close the monthly Relative Strength Index back below overbought levels, then the bull market could be over according to scenario B from 2017. Scenario A, however, shows bull holding the key level, and making another drastic push higher to finish the bull market. Stormy Bitcoin Forecast Could Lead To Unexpected Scenario In scenario A, the stock-to-flow model should be proven accurate, and the leading cryptocurrency by market cap will head towards hundreds of thousands of dollars per coin. But what if the stock-to-flow model, and every major analyst that’s glanced at a Bitcoin chart is dead wrong about expectations, or something catastrophic happens? \u00a0It sounds unrealistic, but nothing is guaranteed in markets \u2013 not even the success of Bitcoin. Droves of analysts have produced charts that demonstrate what that path to hundreds of thousands looks like, but what might a devastating collapse look like instead? Beware of a weak spot in the Ichimoku cloud | Source: BTCUSD on TradingView.com If a bear market takes place now and with the stock-to-flow model causing expectations to be so high, the short investment horizon of impatient investors could lead to a sharper selloff if BTC isn’t trading at hundreds of thousands before the year’s end. A bull market failure and failure to produce the results investors are expecting, could cause investors to abandoned the cryptocurrency completely. Unless they’re in it for the tech. Forewarning of such an event, is a weak spot in the monthly Ichimoku cloud. Related Reading | Lack Of \u201cCapitulation\u201d Volume Suggests Bitcoin Is Doomed To More Downside The monthly price chart in Bitcoin also is forming a massive bearish wedge taking place across nearly a decade. A breakdown could set the trajectory for passing through the Kumo twist, which is a common setup according to how the indicator itself works. And while anyone even remotely bullish on Bitcoin would immediately write this off, there’s no denying the cloud twist is there. Bulls also didn’t see the recent crash coming \u2013 could they also be blind to this possibility? Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":464218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-464206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nTwo Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next<\/title>\n<meta name=\"description\" content=\"Bitcoin price has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next","url":"http:\/\/ktsl888.com\/news\/bitcoin-bull-run-bear-phase\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-bull-run-bear-phase\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/bitcoin-bear-bull-iStock-167536228.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/bitcoin-bear-bull-iStock-167536228.jpeg?fit=1218%2C861"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2021-05-20T19:53:01Z","datePublished":"2021-05-20T19:53:01Z","dateModified":"2024-06-11T11:20:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-bull-run-bear-phase\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-bull-run-bear-phase\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/bitcoin-bear-bull-iStock-167536228.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/bitcoin-bear-bull-iStock-167536228.jpeg?fit=1218%2C861\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-05-20T19:53:01Z\",\"datePublished\":\"2021-05-20T19:53:01Z\",\"dateModified\":\"2024-06-11T11:20:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/bitcoin-bear-bull-iStock-167536228.jpeg?fit=1218%2C861","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/464206"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=464206"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/464206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/464218"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=464206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=464206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=464206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}