Bitcoin (CRYPTO: BTC) hadn't given investors much to get excited about this year. But things change quickly in the crypto market, and over the last week, Bitcoin's price has risen 23% (as of Aug. 25).
Although cryptocurrencies are notoriously unpredictable, there's now over 15 years of history available for Bitcoin. That pricing history provides a good idea of where the Bitcoin market is and what's most likely to happen next.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Bitcoin has historically moved in cycles lasting about four years. It experiences a bull market, reaches a new high, and then goes into a bear market lasting from a few months to over a year. The cycle then repeats, with about four years between the highest points in each bull market and the lowest points in each bear market.
In previous bear markets, Bitcoin hit lows of $152 in January 2015, $3,200 in December 2018, and $15,500 in November 2022. If the pattern holds, Bitcoin's low this cycle would happen sometime later this year.
#year
Although cryptocurrencies are notoriously unpredictable, there's now over 15 years of history available for Bitcoin. That pricing history provides a good idea of where the Bitcoin market is and what's most likely to happen next.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Bitcoin has historically moved in cycles lasting about four years. It experiences a bull market, reaches a new high, and then goes into a bear market lasting from a few months to over a year. The cycle then repeats, with about four years between the highest points in each bull market and the lowest points in each bear market.
In previous bear markets, Bitcoin hit lows of $152 in January 2015, $3,200 in December 2018, and $15,500 in November 2022. If the pattern holds, Bitcoin's low this cycle would happen sometime later this year.
#year
2 months ago
