Raoul Pal Says The Crypto Market Cycle Will Prolong Until June 2022

To recognize the less obvious bearish patterns, many analysts use numerous tools and systems. As with all attempts at market timing, consistently pinpointing the bottom or top of the market is close to impossible. However, purchasing stock in increments over time -- perhaps by accumulating shares of a company in smaller batches over the course of a few months or quarters -- can help to alleviate pressure to get the timing right. Cloud computing was one of the best sectors in which to invest during the 2010s, and the trend is far from over in the 2020s.

  • Stabilization happens here, and it’s a point where the market can start building up again.
  • With the mining rewards going down, there is always the expectation that miners would find it less lucrative and opt-out, leading to scarcity, which would, in turn, impact the prices.
  • Measured as price growth of a minimum 100% over the following 50 days.
  • Prices are peaking, and market sentiment has gone from neutral and boring to euphoric.

Then comes a selling climax when prices take one last exponential leap, making strong gains. Prices are peaking, and market sentiment has gone from impersonal and boring to euphoric . Bitcoin mainstream adoption and use are some of the reasons for the changing crypto bear markets and bull runs. In the earlier days, most people relied on Bitcoin https://gwrachuifw.doodlekit.com/blog/entry/21386766/16-cryptocurrency-facts-you-should-know trading as the main use of digital currency. Its use as a means of payment was not well defined due to the high volatility. The cycle was majorly informed by buying the token at low and selling on the highs.

How To Use Bitcoin Market Cycles To Your Advantage

When China banned crypto in September 2021, for instance, investors saw the price of Bitcoin drop, though it has since risen and resumed its usual volatility. The volatility is nothing new, and is a big reason experts say new crypto investors should be extremely cautious cryptoboarding.com when allocating part of their portfolio to cryptocurrency. Bitcoin has shown as steady a rise in value over the years as any other cryptocurrency on the market. It’s only reasonable for Bitcoin investors to be curious about how high it can ultimately go.

In fact, Bitcoin's price was higher than its stock-to-flow ratio for about six months, from late December to mid-May of this year. Now, the question is whether or not Bitcoin will realign itself with https://cryptoboarding.com/ its stock-to-flow ratio. While it has corrected back to this trend in the past, it's uncertain whether it will return and continue its march toward $100,000 territory or move towards a bear cycle.

<img src="data:image/jpeg;base64,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"