This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market

2023-11-19 20:30

According to a recent post by CryptoCon, there is one indicator that makes it very simple to determine if Bitcoin is in a bull or bear market – the Bollinger Band %. As CryptoCon explains, this measurement looks at the percentage of time Bitcoin’s price is above the upper Bollinger Band.

The Power of Bollinger Bands

Bollinger Bands are a type of statistical chart analysis that uses two bands plotted at two standard deviations above and below a simple moving average. When the price breaks above the upper band, it’s considered overbought, while a break below the lower band is seen as oversold. The percentage of time spent between the two bands indicates the overall trend.

According to CryptoCon, Bitcoin spent just 2 years and 7 months below the .88% threshold, indicating a bearish trend. However, in October 2020, Bitcoin crossed back above this critical .88% mark, suggesting the start of a new bull market.

Entering a New Bull Market

CryptoCon states that this indicator “told us that the last cycle, black swan and all, was bearish until October 2020.” The .88% threshold represents the shortest amount of time Bitcoin’s price stayed above that level in previous cycles.

Now that Bitcoin is back above .88%, CryptoCon believes “we have a long time to go with price action over the threshold this cycle.” He compares it to the 2015-2018 bull run and concludes “the cross is here, and we’re just getting started.”

Read also:

The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price Biggest Meme Coins, Dogecoin and Shiba Inu, Gear Up for Massive Bullish Rallies, but There’s a Catch Breaking: Investors Shift from TRON to Emerging Crypto Star for Promising Returns

So in summary, this straightforward Bollinger Band metric makes it easy to visualize Bitcoin’s macro trends and indicates we’ve entered a new long-term bull market. CryptoCon sees plenty of room for growth based on historical patterns.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 63381.87 (-0.09%)
Объем 24H $19.808b
Изменеия 24h: 0.33 %, 7d: -0.78 %
Cегодня L: $63085.05 - H: $64121.92
Капитализация $1248.257b Rank 1
Цена в час новости $ 36628.25 (73.04%)

bitcoin market band bollinger bear cryptocon makes

Источник: captainaltcoin.com

bitcoin market → Результатов: 126


Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level

Quick Take Analyzing average prices at which Bitcoin was withdrawn from major digital asset exchanges using Glassnode data offers valuable insights into the market’s cost basis. According to Glassnode data, the analysis indicates that Coinbase and Binance exhibited parallel movement from the start of 2021 to the conclusion of 2023, maintaining average withdrawal prices around […] The post Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level appeared first on CryptoSlate.

2024-4-30 11:32


Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target

Bitcoin, the pioneer of cryptocurrencies, continues its impressive rally as it edges closer to the $69,000 mark, driven by a surge in market capitalization that surpasses $2 trillion. This monumental achievement reflects the growing confidence and adoption of digital assets, propelling Bitcoin to new all-time highs.

2024-2-21 23:01


Crypto Carnage Continues as Bitcoin Plunges Under $40,000, But These Indicators Look Promising

Bitcoin briefly traded below $40,000 on Monday for the first time since early December, extending a selloff that has shaved 35% off the cryptocurrency’s value so far this year. According to market intelligence firm Santiment, discussion around Bitcoin and Ethereum has dropped 35% and 21% respectively compared to last week’s ETF approval frenzy.

2024-1-23 01:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

To Sell or Stay Put: What May Means for Altcoin Investors

May is a pivotal month for altcoin investors. The start of the bull run in 2024 has stirred the market, bringing high interest in the fate of lesser-known cryptocurrencies. Deciding whether to sell or hold can be a critical move.