In less than 48 hours, Bitcoin price has gone parabolic and risen by $1,700 and over 22%, touching nearly $9,500 before falling back to refuel.
However, it isn’t just Bitcoin price that’s gone parabolic. Google Search Trends for the term “Bitcoin halving” has also spiked considerably, and could be partially what’s driving this epic rally.
BTC Price Rallies More Than 20% In 48 Hours, Rocketing Over $9,000
The recent explosive Bitcoin rally has sent the price of the leading cryptocurrency by market cap parabolic, bursting from under $7,800 to well over $9,000 in just two short days.
The extreme push from bulls has revived hope that the Bitcoin halving may have a dramatic impact on sparking the next bull run, as the crypto community has long anticipated.
RELATED READING | NEARLY HALF OF ALL CIRCULATING BITCOIN SUPPLY HASN’T MOVED IN TWO YEARS
That hope was nearly crushed by the Black Thursday collapse in March, but nearly all lost ground has already been recovered by the first-ever cryptocurrency.
Much of what is driving the asset’s latest bull rally, is growing interest in the asset’s halving.
Search Queries for Bitcoin Halving Go Parabolic Two Weeks Ahead of Event
Also going parabolic over the last week alongside Bitcoin price, are search queries on Google Trends for the term “Bitcoin Halving.”
Zooming out, searches for the term have reached the highest level ever recorded, according to Google Trends data.
The surge is very clear to see on Google Trends charts. It’s also clear to see the impact on Bitcoin price charts, which show a sharp recovery following an extreme selloff in March.
April’s monthly candle is now higher than the top of the March candle, and it Bitcoin price can close above roughly $8750, the monthly would close as a bullish engulfing candle – an incredibly bullish signal, that usually is followed by a strong uptrend.
Bitcoin’s halving has long been said to have a dramatic impact on the price of the first-ever cryptocurrency, due to the already extremely scarce supply being slashed in half overnight.
Each previous halving has started a new bull run, and with how many more people know about Bitcoin and the Bitcoin halving this time around, the results could be far more significant than in past bull cycles.
RELATED READING | MOST IMPORTANT CHART EVER? BITCOIN S2F COMBINED WITH REDDIT RAINBOW CHART EMERGES
The last bull market took Bitcoin from roughly $160 to as high as $20,000. With Bitcoin’s bear market low residing at $3,200, the next top could be anywhere from $55,000 to as high as hundreds of thousands of dollars per BTC.
Long-term price predictions put the asset well over one million dollars per BTC, but such lofty valuations are wild speculation. Still, the potential is there, and only time will tell if these predictions come true.
For now, one thing is for sure: Interest in the Bitcoin halving is currently skyrocketing, and so is the asset’s price.
Featured image from Pixabay. origin »
Bitcoin price is pushing hard to maintain above $24,000, after a sustained rally to pre-FTX fallout levels. Along the way, each bounce in price action has begun to take on a parabolic shape, which could keep the top cryptocurrencies climbing much higher.
Injective Protocol price went parabolic as investors cheered the latest fundraising by the developers.…
The post Here’s why the Injective Protocol (INJ) price went parabolic appeared first on CoinJournal.
The amount of Google search requests for ?Bitcoin halving? is currently 33% higher than prior to the BTC halving in 2016. Prepare for a BTC price surge, a trader says
While the global financial markets were melting down as coronavirus spread throughout the planet, there was one cryptocurrency that managed to weather the storm. Numeraire, an altcoin brought to life to incentivize scientists to predict financial models using encrypted data, was able to enter a parabolic advance that has seen its price skyrocket over 3x […]
The post This AI-focused cryptocurrency is up 300%, but on-chain fundamentals spell trouble appeared first on CryptoSlate.
Ethereum has seen mixed price action throughout 2020, with the cryptocurrency first incurring a parabolic uptrend in early-February that led it to highs of $290, before it lost its momentum and reeled all the way down into the sub-$100 region in mid-March.
Everybody knows that one day Bitcoin mining will eventually cease, and the last coin will be mined. The date for this is expected to be around the year 2140. So what could an investment of $100 now be worth in 120 years time? Bitcoin to the Moon To estimate the price of Bitcoin well into the future we need to take a look at growth models for the cryptocurrency. The two most well-known are Parabolic […]
Ethereum has been subjected to intense volatility over the past several days, which has primarily been rooted in the close correlation to Bitcoin’s price action that it has formed in recent times. This volatility has primarily favored sellers, but it is important to note that it has not been enough to invalidate the bullish market structure it has formed throughout the course of its parabolic uptrend seen throughout the past several weeks. One top analyst is now laying out the […]
Ethereum’s intense uptrend seen throughout 2020 reached a boiling point in early-February, with ETH’s break above $200 allowing it to incur parabolic momentum that led it to highs of $290. Although the crypto has retraced from these highs, its mid-term market structure still remains firmly bullish, and many analysts are now noting that this will […]
The post Ethereum price plummets despite strong network activity growth appeared first on CryptoSlate.
Ethereum’s recent price action has been closely tied to that of Bitcoin in the time since it faced a rejection at its recent highs of $290, with its inability to further extend its parabolic uptrend signaling that bulls may not be as strong as they were previously thought to be.
The ICON (ICX) price has been decreasing since February 4. On February 17, it reached the halfway line of the entire upward move and bounced upwards. Trader @CryptoMichNL tweeted an ICX chart and stated that, as long as the price is trading above $0.
On Feb 15, the Bitcoin price created a bearish engulfing daily candlestick and broke down from its long-term ascending support line. It has been decreasing since. Bitcoin Price Highlights The Bitcoin price broke down from a parabolic ascending support line.
Ethereum (ETH) has seen some insane price action over the past several days, with its 2020 rally rapidly turning parabolic as bulls look to propel the crypto past $300. This intense upwards rally has allowed the cryptocurrency to break above a key resistance level that had previously been suppressing its price action, suggesting that it...
The crypto markets have seen some insane price action over the past several days and weeks, with Bitcoin racing above $10,000 as a plethora of different altcoins see returns that can only be accurately described as being parabolic.
On Feb 11, the Bitcoin price bounced on the parabolic ascending support line and increased by 6% inside the day. It is likely in the fifth wave of an Elliott formation. Bitcoin Price Highlights The Bitcoin price is following a parabolic support line.
Bitcoin slipped huge a day after enjoying a strong price rally above its key resistance level of $10,000. The benchmark cryptocurrency was trading at $9,736 early Monday, down 4. 35 percent from its Sunday top, according to US exchange Coinbase.
It has been a wild day for Bitcoin, with the cryptocurrency flying past the intense resistance it previously faced between $9,800 and $10,000, with its movement into the five-figure price region sending chills down the spines of BTC bears.
Ethereum (ETH) may be on the cusp of seeing a massive parabolic rally, with the crypto’s recent bullishness laying the groundwork for what could be a violent upwards movement. The firm uptrend that ETH has been caught within throughout 2020 has allowed it to slowly grind up towards the $200 level – a price region... The post appeared first on NewsBTC.
ICON (ICX) has gone full-blown parabolic after Tuesday's 70% advance. The cryptocurrency is up more than 326% year-to-date.
The post ICON (ICX) Goes Parabolic as Price Triples for No Apparent Reason appeared first on CCN.com
Tesla’s stock price has gone parabolic reaching a high of $940. 13 on Nasdaq, with the same market cap as Bitcoin. Now it is the most valuable auto company on earth. Like Bitcoin in 2017, Tesla Stock goes parabolic Tesla, Elon Musk’s car company has made record gains in the last few months, eclipsing its former all-time high price.
2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for BTC to see parabolic gains throughout the rest of the year. It is important to note that there is currently a multitude of separate factors that are influencing Bitcoin’s price action, and the confluence... The post appeared first on NewsBTC.
Matic Network (MATIC) rallied 21% today after the team announced staking is now live on the testnet. Will this be the catalyst to push the asset back to last year’s dizzying heights? Has Matic just risen from the dead? Matic had a meteoric rise in price last year, tripling its initial token price and climbing to $0.
Bitcoin was catching a breath on Thursday after staying in a parabolic uptrend this week on the backs of favorable risk-off mood. The benchmark cryptocurrency stabilized near $9,300 during the Asian and European trading sessions, helped by persistent worries of the Coronavirus outbreak in China and other parts of the world.
Ever since Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more. Related Reading: Andrew Yang Just Mentioned Crypto, Again.
The Bitcoin price has created a very short-term ascending triangle. It looks poised to break out and reach the resistance area at $9,600. Bitcoin Price Highlights The Bitcoin price is following a parabolic ascending support line.
The LINK price has created a bullish reversal pattern, from which we believe it will break out and increase towards the top of the range. Highlights LINK is following a parabolic ascending support line.
As the phrase goes, “what goes up, must come down.” And this is even more true for anything that goes up a little too fast – something Bitcoin price is known for. The cryptocurrency’s latest rally has now gone parabolic, and according to “the stick method” it has reached a 90-degree angle, potentially signaling a... The post appeared first on NewsBTC.
Bitcoin is back above $9,000 and several technical indicators estimate that it could soon enter a parabolic move. A Bull Rally Is on the Horizon Following the recent price rejection off the 200-day moving average on Jan.
Since Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more. According to a Google Trends analysis, another parabolic rally is about to form again in the cryptocurrency market again.
Bitcoin has been on an absolute roll over the past month, surging from $6,400 to $9,200 in a jaw-dropping fashion. Altcoins have followed suit, posting even more impressive gains as buyers have finally stepped in.
All throughout the tail end of 2019, as Bitcoin’s parabolic rally came to an end and the asset fell back into a six-month-long downtrend, the price action was so similar to the run-up to the 2017 all-time high, that the rally has been dubbed a “textbook echo bubble.
Ethereum has been closely tracking Bitcoin and the aggregated crypto markets over the past several days, which means that ETH’s multi-day price action has primarily favored sellers. In spite of this, ETH is still trading up significantly over a weekly period, and the cryptocurrency has been able to build some short-term momentum today, allowing it... The post appeared first on NewsBTC.
Bitcoin’s 2020 uptrend has drastically shifted the market structure of BTC, which was previously shaping up to be incredibly bearish while it was hovering within the $6,000 region. The subsequent rallies from this price region, however, have allowed it to climb all the way up to $9,200, which appears to be a key resistance level... The post appeared first on NewsBTC.
On January 14, the LINK price validated the previous resistance line and has increased by more than 20% since. The upward move marked an end to a 53-day downward trend, in which the LINK price decreased by 35%.
Ever since Bitcoin investors got a taste of parabolic price appreciation in 2019, which saw BTC gain 330% in some four months, they’ve been craving it, evidenced in the incessant flow of lofty predictions on Crypto Twitter.
Ever since Bitcoin investors got a taste of parabolic price appreciation in 2019, which saw BTC gain 330% in some four months, they’ve been craving it, evidenced in the incessant flow of lofty predictions on Crypto Twitter.
Contentious Bitcoin Cash hard fork Bitcoin SV (BSV) has surged over 25% percent in the past 24 hours. The cryptocurrency’s significant price increase has led to a parabolic rally which may result in all-time highs for BSV.
Controversial Bitcoin Cash hard fork – Bitcoin SV (BSV) – has been caught within a massive uptrend over the past several days, which has allowed its price to go on a parabolic rally that is leading it up towards its all-time highs.
Ethereum has been closely tracking Bitcoin’s volatile price action as of late, which head led ETH to gain a firm position within the $140 region. The cryptocurrency’s bulls have shown signs of growing vitality over the past several days, which comes as the altcoin market begins flashing hints of having immensely bullish near-term potential. It... The post appeared first on NewsBTC.
2020 has so far been a great year for Bitcoin (BTC), as a combination of bullish technical and fundamental factors have helped lead its price as high as $8,400 over the past ten days. This bullishness did show some signs of slowing down yesterday, but bulls have since been able to fend off the bears... The post appeared first on NewsBTC.
Following Bitcoin, Ethereum price has also fallen back to $138 after rising to the early December level. In the past 7 days, the second-largest cryptocurrency has only seen an increase of 6. 81% in its value.
Over the past two weeks Bitcoin (BTC) has formed an uncanny correlation to traditional safe haven assets like Gold, with its price rising as tensions within the Middle East region began building earlier this month and falling when these tensions showed signs of decreasing.
Bitcoin Price Highlights The Bitcoin price has broken down below its parabolic curve. There is minor support at $7900 and major support at $7550. BTC is possibly following an ascending support line.
Bitcoin Price Highlights The Bitcoin price has moved above its 100-day moving average (MA). There is resistance at $8600. The short-term movement has become parabolic. The price has reclaimed the previous breakdown level.
Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000. Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar.
XRP was one of 2019’s biggest losers, posting sizeable year-to-date losses in spite of the massive gains incurred by Bitcoin and some other major altcoins. This poor price action has largely stemmed from controversy surrounding the token’s close ties to FinTech company Ripple.
Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s.
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move. Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.
While the projection for Bitcoin price is just about anywhere from $5,500 to $40,000, the overall market is expected to see much growth, from increased staking, a substantial increment in the amount locked in DeFi and continued growth of Bitcoin network fundamentals to increased regulatory pressure.
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price.
Bitcoin Magazine Pro’s Bitcoin Cycle Master tool rates Bitcoin’s current price of $63,500 as fair market value, signaling potential growth based on historical trends and on-chain metrics.
Amid Middle East tensions, Bitcoin's value drops by 6%, underperforming as a safe-haven asset compared to gold and the US Dollar's rally.
The post Bitcoin fails to draw safe haven flows amid Middle East crisis: Kaiko appeared first on Crypto Briefing.
Glassnode advises Bitcoin investors to moderate their expectations for the upcoming halving, citing historical data and diminishing returns.
The post Bitcoin investors to moderate price expectations post-halving: Glassnode appeared first on Crypto Briefing.
The SEC's approval of Bitcoin ETFs has transformed the market, with inflows supporting prices and altering post-halving dynamics.
The post Bitcoin on-chain metrics are “decidedly positive” after the halving, highlights Bitfinex report appeared first on Crypto Briefing.
