Aug 31, · The SEC has influenced the value of Bitcoinin the past, with its stringent approach being blamed for the plummeting of Bitcoin's price in As compared to its $20, price in December , Bitcoin is currently lower by an enormous 60%. Dec 28, · Using this second interpretation, Bitcoin entered a bear market on February 17, (two months after the Dec 17, , ATH). Its closing price was 11,, far below the broad-definition, 20 percent decline figure of 15, Bitcoin remains in a long-term bear market, trading at 4, as of this writing (December 24, ). On my previous BTC analisys I was contemplating the idea that once the price firmly breaks under the day SMA it's all over and the bull market gives way to a bear market. It seems like my idea is being confirmed so far, I also was playing with the idea of dating the time of the bottom by using the crossover point of the bull run "floor" and the last downtrend line before the price would.
2018 bitcoin bear marketBitcoin Is Now Officially In Its Longest Bear Market Ever - CoinDesk
Gox bitcoin exchange. During the two years leading up to , Mt. Gox was effectively frozen out of the U. It stopped trading, closed its website and filed for bankruptcy protection. The cryptocurrency saw an 84 percent rout between those two years. Measured in dollars, this year's damage has been much more significant.
Coinbase's CEO said this summer that at the height of that boom, the exchange was opening up 50, new accounts a day, for mostly retail investors. The all-time high also came ahead of the availability of bitcoin futures.
Those products have also fallen. On Monday, they dropped to their lowest levels since launching. Make sure to read our editorial policies and follow us on Twitter , Join us in Telegram. Stay tuned. E-mail is already registered on the site. Please use the Login form or enter another.
You entered an incorrect username or password. Bitcoin Exchange Guide News Team. Add a picture. Choose file. Add a quote. Submit Cancel. And, yes, increasing market cap will have a negative effect on the volatility of this pair, which is good, I find. I tend to think that the next bullish impulse is likely to be less aggressive than the previous two setup legs as well. The chart was for illustrational purposes.
Cheers and good luck! Excellent analysis! I do indeed find this as interesting as you : I came to almost the same conclusion: k end of the year price range. It will be interesting to see how exactly it will play out, the degree of similarity to will be really interesting.
Blinderdot FlaviusTodorius FlaviusTodorius I'm glad you find it interesting! FlaviusTodorius67 , I'm glad you find it interesting!