• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF

BITCOIN TO $10K! (Not really, but take a look at this…)

Samuel Rae by Samuel Rae
9 years ago
in Uncategorized
Reading Time: 2 mins read

In the late 1980s, a prolific trader – and now billionaire – Paul Tudor Jones predicted the 1987 stock market crash by comparing two ten-year charts – one from the 1920s and one from the early 80s (to be accurate and give credit where it’s due it was actually his assistant that first discovered correlation, but for simplicity’s sake let’s use Paul).

Since then, many traders have tried to emulate this method of prediction and, while many have failed, some have had a reasonable amount of success. The field of technical analysis suggests that historic price action is relevant, after all.

How applicable traditional technical analysis – and in turn the study of historic price charts – is to the digital currency space is still very much an unanswered question, but here at NewsBTC we spotted an interesting correlation between two longer-term bitcoin-dollar charts that we thought may be of interest (if only for a little bit of light entertainment) to our readers. I reiterate, don’t take this too seriously – it is just a little bit of fun – but take a look nonetheless.

2015-01-13_15-10-49

The first chart shows bitcoin action across the two-year period 2010-2011 – with the rally up to $35 and the ensuing crash back down to below 5. For reference, this chart was taken from a Wired magazine article printed back in 2011. Now take a look at the second chart.

BTCUSD201314

Notice any correlation? It is hard not to. Again, this is just for fun, but after recovering from the crash throughout 2012, we all know what happened to bitcoin throughout 2013. History tells us that bubbles follow the same patterns over and over again, just at different price levels. Is this the case with bitcoin do you think? Nobody really knows – but it sure makes for interesting water cooler conversation!

Tags: bitcoinNews
Tweet123Share196ShareSend
Samuel Rae

Samuel Rae

Related Posts

crypto

Banking Giant CEO Trashes Crypto – Again – And Warns Of Ban: Here’s Why

3 hours ago
Bitcoin Price Jumps

Bitcoin Price Consolidates Rally and Primed To Surge Toward $45K

4 hours ago
Solana SOL Ethereum

Solana Dominates Ethereum In Daily Active Wallets, SOL Back To $140?

5 hours ago
Bitcoin

Bitcoin Poised For December Surge As Historical Patterns Suggest Strong Upside Ahead

7 hours ago
What Is Web3

What Is Web3 Technology? Guide: Meaning, Key Projects And How To Invest

7 hours ago
Bitcoin fractal

Bitcoin Bullish Fractal Returns: Analyst Predicts Another Leg-Up With Price Target

8 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • Here’s Five Reasons Why Investors Are Rushing To...

    14 hours ago
  • Bitcoin Blasts Towards $50K as This New Presale Eyes $500K

    18 hours ago
  • Market Buzz: Could This Newcomer Surpass Dogecoin and PEPE...

    19 hours ago
  • VC Spectra’s Stage 5 Launch Rockets Past...

    1 day ago
  • Beyond Ethereum (ETH): Crypto Enthusiasts Whisper About the...

    2 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.