Сиви тонови наговештавају тачан временски оквир за текуће предвиђање тржишта медведа

Just as Bitcoin breached $22,000 range on Monday, much of the talk is on if Bitcoin bottom is potentially in already. However, several big investors caution against hurrying up to take a position right away. In the meanwhile, Grayscale came up with a report on the whereabouts of the ongoing Bitcoin bear market cycle.

Duration Of Crypto Market Cycles

The digital currency investing company observed that crypto markets too flow in cycles, just like financial markets. On an average, crypto market cycles last nearly four years, it said, adding that Реализована цена биткоина could be effective in gauging the cycle timeline. The Bitcoin realized price is the total of all purchase values divided by the number of BTC in circulation currently.

The Grayscale report indicates that the Bitcoin realized price went below market price last week, which signals the arrival of bear market. It also suggested that the bear market could prolong to as many as eight months from now.

„Од 13. јуна, остварена цена биткоина је прешла испод тржишне цене, сигнализирајући да смо можда званично ушли на медвеђе тржиште. Само 21 дан у овој зони, можда ћемо видети још 250 дана могућности куповине високе вредности у поређењу са претходним циклусима.”

When Will Bitcoin Show Upward Movement?

The current cycle, which began in 2020, could witness another four months until any progressive movement is shown, the report added. After four months, there is possibility that the realized price could come back to above the market price. Going forward, this helps in finding when the market begins to move out of bear market, Grayscale said. Also, Bitcoin is 222 days off the све време високо, which means we may see “another 5-6 months of downward or sideways price movement.”

Interestingly, Bitcoin’s movement in the all time high range last year was longer than in previous cycles. This was because of “the growing maturity of the crypto market” this time around, Grayscale explained. As of writing, BTC is trading at $22,218, rising 4.35% in the last 24 hours, according to price tracker CoinMarketCap. On a weekly basis, Bitcoin is up by around 8%.

Анвесх извештава о великом развоју око усвајања криптовалута и анализе цена. Пошто је повезан са индустријом од 2016. године, Анвесх је снажан заговорник децентрализованих технологија. Пратите Анвесха на Твитеру на @АнвесхРеддиБТЦ и контактирајте га на [емаил заштићен]

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