Bitcoin in consolidation: BTC, ETH, Price Analyses - The Cryptonomist

Oct 26, 2021  · Bitcoin in a consolidation phase Bitcoin’s price bounced back on Monday …


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FAQs about Bitcoin in consolidation: BTC, ETH, Price Analyses - The Cryptonomist Coupon?

Is BTC in a consolidation phase?

Bitcoin data from this year shows BTC has been in a consolidation phase since it hit its all-time high of $73,679 on March 13, or 92 days ago. Consolidation periods refer to times when Bitcoin’s trading volume and volatility are lower than usual. ...

Is bitcoin still in a consolidation range?

In a previous cycle after the 2020 Bitcoin halving, there was a 21-day consolidation period before Bitcoin (BTC) broke out, eventually breaching an all-time high at the time of $69,000 in November 2021. “We’re still in a large consolidation range for higher. Take a deep breath,” Roman wrote in a June 12 X post. ...

Will ETH overtake BTC as the most widely used cryptocurrency?

The argument is that ETH will overtake BTC as the most widely used cryptocurrency due to these additional applications. A key argument against the idea that DeFi and other types of decentralized applications is that much of the activity on Ethereum today is likely unsustainable. ...

What is a consolidation period in Bitcoin?

Consolidation periods refer to times when Bitcoin’s trading volume and volatility are lower than usual. Since reaching all-time highs, Bitcoin has traded within a tight 26% range, briefly dropping to its lowest point of $58,253 on May 2. Bitcoin is currently trading at $67,413, according to CoinMarketCap data. ...

How long will bitcoin's price consolidate?

On May 16, Cointelegraph reported that Capriole Investments founder Charles Edwards, stock and crypto market seasonality, along with Bitcoin onchain data, suggest that Bitcoin’s price could consolidate for four to five months. ...

What is bitcoin's current price range?

Since reaching all-time highs, Bitcoin has traded within a tight 26% range, briefly dropping to its lowest point of $58,253 on May 2. Bitcoin is currently trading at $67,413, according to CoinMarketCap data. Related: Analyst targets $91.5K Bitcoin next despite Fed’s ‘hawkish tone’ ...

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