The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Bitcoin

Bitcoin Price Dip, Similar to That of 2017

by Miki 10/27/2021
by Miki 10/27/2021 0 comment

Bitcoin (BTC) has already dipped below $60,000, but overall BTC price action suggests that the amazing 2017 bull run is still in play.

In fact, the current set of data comparing Bitcoin’s present halving cycle against its previous one shows just how exactly similar, 2021 is to 2017.

Bitcoin repeats 2017 moves

Despite Bitcoin having a rollercoaster of a year in 2021 thus far, BTC/USD has maintained being a direct replica of its 2017 fractal, with some people dubbing the year a “copy and paste” of 2017.

Now, recent analysis confirms the same assumptions, and draws same conclusion. Meaning that, those who are already worried about Wednesday’s drop to $58,000 can take a chill pill, as it is nothing unusual or unexpected.

Quite interesting to note also, that the dates of price events in September and October 2021 practically corresponds to what happened at around those times some 4 years back. Popular Twitter account Smart Crypto, who noticed the settings, has now said that an “explosion” is still going to happen in good time for 2022.

Using Fibonacci sequences, and seeing the rest of Q4 follow the same timeline as it did four years ago, then significantly higher prices are upcoming for Bitcoin. All things being equal, in fact the magnitude could be higher than 2017’s peak, and could see prices hitting $300,000 this year.

A deeper BTC price correction still around the corner — Trader

Experts have warned however, that those who are overly long on BTC might experience some disheartening moments, but only for a short while.

A trader who predicted a potential drop to $50,000 earlier in the week, has repeated his forecast today. Reiterating his prediction, Filbfilb says that even $57,000 is not a reliable enough to be a potential local price floor.

Meanwhile, funding rates have continued to decrease as BTC/USD hovered at around $59,000 prior to the United States market opening.



Source link

Views: 0
BitcoindippriceSimilar
Share
0
FacebookTwitterPinterestEmail
previous post
Director David Lynch and The Band Interpol Join Forces For NFT Collection
next post
How crucial is the Robinhood factor to Shiba Inu’s price action

Related Posts

Elon Musk thinks this individual could be the...

12/29/2021

Bitcoin price trades under $48k as $6 billion...

12/29/2021

Indian security regulator warns mutual funds against investing...

12/29/2021

Bitcoin Will Remain ‘Digital Gold’, But Not A...

12/29/2021

Key Factors that Propelled Ether’s 4X Growth over...

12/28/2021

Gold Proponent Peter Schiff Claims Bitcoin is Losing...

12/28/2021

Trend Is Again Shifting From Outflows To Inflows

12/28/2021

Why Bitcoin Will Never Surpass The Market Cap...

12/28/2021

Crypto hacks led to $9.8 billion in losses...

12/28/2021

Is Bitcoin (BTV) Going To Hit $100k? Ambitious...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • What Are Polkadot’s Parachain Auctions?

  • How profitable is it for merchants to purchase Ethereum now?

  • Blockchain Intelligence Startup TRM Labs Raises $14M Investment Round from PayPal & Salesforce

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,078.00-3.19%
  • ethereumEthereum(ETH)$1,948.11-4.71%
  • tetherTether(USDT)$1.00-0.03%
  • usd-coinUSD Coin(USDC)$1.00-0.18%
  • binancecoinBNB(BNB)$295.60-1.51%
  • rippleXRP(XRP)$0.401738-5.99%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • cardanoCardano(ADA)$0.51-10.30%
  • SolanaSolana(SOL)$50.43-9.72%
  • dogecoinDogecoin(DOGE)$0.084167-6.42%
  • polkadotPolkadot(DOT)$9.56-9.76%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,062.00-3.02%
  • Lido Staked EtherLido Staked Ether(STETH)$1,914.83-4.78%
  • AvalancheAvalanche(AVAX)$28.83-14.64%
  • tronTRON(TRX)$0.071419-0.78%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000011-7.50%
  • daiDai(DAI)$1.00-0.17%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • leo-tokenLEO Token(LEO)$5.110.19%
  • LADZLADZ(LADZ)$0.0686894.36%
  • CronosCronos(CRO)$0.186010-6.41%
  • litecoinLitecoin(LTC)$66.95-7.97%
  • matic-networkPolygon(MATIC)$0.63-10.97%
  • FTX TokenFTX Token(FTT)$30.17-3.82%
  • HederaHedera(HBAR)$0.389473-3.44%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.78-11.32%
  • RareRare(RARE)$0.0461220.00%
  • bitcoin-cashBitcoin Cash(BCH)$187.85-7.77%
  • chainlinkChainlink(LINK)$6.82-9.63%