The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks. 8 hours ago. Bitcoin Cash Proponent Tattoos Forearm to Spread Digital Cash Awareness. 11 hours ago. Load more. Dec 08, · Moreover, retail investors have been moving their Bitcoin from exchanges to their own wallets, sending a hodl signal to the market. The fall in liquidity, coming inflation and global uncertainties are some of the factors that could boost Bitcoin higher in Dec 16, · The innovative platform began offering Bitcoin in , and at the time of writing – mid – eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS.
Bitcoin coming to marketOn-Chain Analyst: Bitcoin Likely to Decouple from Stock Market in Coming Months
The last time the cryptocurrency came close to such a number, was when it topped out back in just below the rounded number. Rewinding to then, the stage was set very differently. That former peak was on December 17, — exactly three full years to the date from tomorrow. Interestingly, Bitcoin also bottomed one year later on the same date in Most market participants believe in cyclical, h alving-based theories , so why not also subscribe to the idea that tops and bottoms can happen in a specific sequence of dates?
Gann developed tools that specifically look at time in relation to price and geometry, similar to how astrology focuses on planetary alignment. The tool goes beyond timing each December 17 and also happened to catch the June peak and the June consolidation phase that led to this point. The above chart also highlights other key dates that appear to be pivot points for the cryptocurrency. The soonest is February, where the deep-V short-term bottom was set back in , acted as the final retest of bear market lows, and was the peak just prior to the Black Thursday collapse.
Next is April, which has been a strong bullish marker for four years running. Other Gann tools that could assist with timing, might also shed some light on what happens next. One thing he did leave behind, was at least some proof of cyclicality in commodities markets around December, living on his Wikipedia page.
Bullish investors might balk at the idea of such a large correction from here or that such pivot points exist. Could you be next big winner? Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
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Play Now! Tweet Share. Could you be next big winner? Cole Petersen Cole is a cryptocurrency analyst based in Los Angeles. Related Posts. Technical Analysis. Cryptocurrency news.