Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022

Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run. The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are. Bitcoin prints more eerie 2017similarities Bitcoin has had its ups and downs this year, but as Cointelegraph reported, BTC/USD has all but copy-pasted its 2017 fractal all along. Fresh analysis delivers the same conclusion — and for those concerned about Oct. 27’s drop to $58,000, even this is nothing new.…

Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October

Shiba Inu (SHIB) continued its march upward on Oct. 27, with its price hitting a record high of nearly $0.000060 before correcting lower. SHIB rallied by more than 25% to an all-time high of $0.00005959, crossing above its previous all-time high of 0.00005000, according to data from Binance. The latest move upside pushed the token’s month-to-date (MTD) returns to approximately 726%, making it the fifth-highest grossing cryptocurrency entering the final quarter of 2021. SHIB’s October gains had slipped to near 606% following a price correction from its record high, still higher…

Shiba Inu risks drop with SHIB’s 574% October’s price rally near exhaustion

Shiba Inu (SHIB) may see a pullback by almost 25%-35% on fears that the cryptocurrency’s excessive price rally in October has left it overvalued, a key indicator shows. Dubbed Relative Strength Index (RSI), the indicator measures the magnitude of an instrument’s recent price changes to evaluate its oversold and overbought conditions. The result can be anywhere between the number 0 and 100, with a reading below 30 showing the instrument’s oversold and above 70 showing its overbought status. SHIB crossed above 70 on Oct. 3 and peaked around 94 three…

BTC price dips below $62K on VanEck Bitcoin ETF launch day

Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third U.S. regulated exchange-traded fund (ETF) failed to budge sideways price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $61,600 support target for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting daily lows as U.S. markets opened Tuesday. The latest ETF, the VanEck Bitcoin Strategy ETF ($XBTF), was met with a decidedly different mood on the day as Bitcoin seemed unmoved by the prospect of fresh institutional involvement. Last week’s ProShares Bitcoin Strategy ETF saw…

Bitcoin bull market ‘2nd leg has started,’ says BTC price model creator

Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe — PlanB (@100trillionUSD) October 26, 2021 In doing so, the pseudonymous analyst cited S2F, which anticipates Bitcoin to continue its leg higher and reach $100,000 to $135,000 by the end of the year.…

Price analysis 10/25: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin and several altcoins are attempting to resume their uptrend, but higher levels are likely to witness strong resistance from the bears. Bitcoin (BTC) has recovered from the dip below $60,000, indicating strong buying at lower levels. CryptoQuant CEO Ki Young Ju said that investors used market orders to buy $840 million worth of Bitcoin futures on dips to $60,000. This suggests that analysts are positive for the rest of the year and anticipate the bull run to continue. Analyst TechDev believes that Bitcoin’s price action in 2021 is following…

Bitcoin price action in 2021 so far mirrors 2017 — Will it continue?

Bitcoin’s (BTC) recent rally has finally broken through to reach widely anticipated new all-time highs. With September being left behind and “Uptober” delivering on high hopes, many analysts are increasingly confident that the year will play out in the same way as 2017.  In fact, a recent tweet from crypto analyst TechDev shows just how closely the price chart for 2021 is tracking 2017, and it’s startlingly close. But can a continuing upward trajectory really be that simple? Following the indicators Several pieces of data point to similarities in the…

Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days

Solana’s (SOL) price edged up on Monday in the wake of a market-wide price rally led by Bitcoin (BTC), its total volume locked (TVL) hitting record highs and a promising technical setup.  Bitcoin triggers market-wide rally SOL climbed by more than 6% to hit an intraday high of around $214. The SOL is now up a little over 35% over the past week, pushing it closer to its record high of about $222 set in early September. Bitcoin’s run-up to its new record high of $67,000 last week resulted in the total…

Ethereum eyes rally against Bitcoin, with ETH price showing hidden bullish divergence

Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), since Sept. 3. Ether dropped in value against Bitcoin by almost 25% after topping out in September at 0.07955 BTC. As the top altcoin declined, it left behind a trail of lower highs and lower lows, thus forming an ascending channel. Later, ETH/BTC broke the channel to the upside on Saturday, raising anticipations about a strong extended recovery trend. But a selloff on Sunday and the ongoing session had traders test the channel’s resistance trendline…