• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • 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
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • 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
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
disbelief crypto bitcoin

Analysts Say Crypto Market Yet to Believe in Bull Run, Expect Further Gains

Rick Delafont by Rick Delafont
3 years ago
in Bitcoin, Cryptocurrency Market News
Reading Time: 2 mins read

Notable cryptocurrency observers claim that the Bitcoin market is still in disbelief at the current price rally. This, for them, is a sign that prices of crypto assets will head a lot higher during this market cycle.

Despite how agreeable such a narrative is to investors, others comment that there is a lot more optimism than pessimism surrounding the crypto market of late.

Is this the Beginning of Another Massive Crypto Bull Run?

According to several respected crypto asset analysts, “disbelief” characterises the current digital currency market. The descriptor comes from a popular image used frequently in the cryptocurrency industry.

The “Wall St. Cheat Sheet: Psychology of a Market Cycle” gets posted often by crypto industry observers on Twitter. Many observers and analysts use it to determine whether a market trend will continue or not.

The image, featured in the below tweets, shows the chart of a fairly typical bull and bear market cycle. The bullish side starts with “disbelief” (a feeling that price gains cannot last). It moves into “hope”, “optimism”, “belief”, and “thrill”, before topping at “euphoria” – during which every investor thinks they’re the next Wolf of Wall Street.

The downtrend that follows features a different set of descriptors. Complacency – a feeling that any drop is just a normal market correction – starts the decline. “Anxiety”, “denial”, “panic”, “anger”, and finally, “depression” all follow.

Can you believe Altcoins have only just started their bull market?

Most can't

That's why it's called the Disbelief Phase$BTC $ALTS #Bitcoin pic.twitter.com/9x53ZOFEko

— Rekt Capital (@rektcapital) February 12, 2020

The current phase of the market will be soon called 'disbelief' and may even be called that for the majors already.$BTC #BITCOIN pic.twitter.com/VaHSjTaFoM

— Crypto Michaël (@CryptoMichNL) February 12, 2020

If the above industry analysts are correct in their assessment of how far along the market cycle is, crypto asset prices do indeed look primed for massive gains. However, a lot of observers seem in anything but disbelief.

Calls for BTC at $100,000 is a Market in “Disbelief” Now?

As more than one respondent commented on the above tweets, if you are to believe the rhetoric espoused on Twitter,  a lot of investors are in anything but disbelief. One stated:

“I havent seen a single person on twitter saying we are not in a bull market. They’re actually all in FOMO mode and are all buying the top.”

Similarly, other analysts have pointed to an increased number of people in their personal lives asking about crypto investments. If the lay, non-crypto person is confident in the market, is that really a sign of disbelief?

you know it’s that time when your random acquaintances start texting you about #bitcoin

stay safe, my friends! don’t forget to DYOR and never invest more than you can afford to lose.

stay calm and stack sats ?

— Meltem Demirors (@Melt_Dem) February 12, 2020

I'm getting random DMs and emails about buying altcoins and Bitcoin right now

The last time I got this many DMs was over $13k at the top

It's typically a clear indicator for me that it's getting close for a pullback after two months of green

I'm securing gains/taking profits

— Josh Rager ? (@Josh_Rager) February 12, 2020

Industry Panicked by Weekend BTC Drop

That said, Bitcoin did recently have a brief pullback. Following the weekend, prices fell below $10,000 again.

Many observers greeted the news with renewed calls for yearly lows or even worse. Respected industry analyst PlanB commented on the sudden spread of bearishness on Monday, adding that they expected to see BTC at $100,000 during 2021.

*** Update: my 2 sats on #bitcoin price:
– 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)
– May 2020 halving: will be above $10k
– 2021: bull run starts after the halving and tops $100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd

— PlanB ? (@100trillionUSD) February 10, 2020

The fact many were so quick to flip bearish after sustained upwards price moves in Bitcoin lends support to those analysts that reason the market is currently in the “disbelief” phase of a typical cycle. During the later stages of a bull market, a brief dip in prices is unlikely to dampen investor spirit in such a way.

 

Related Reading: CNBC Panel All Bullish on Bitcoin; Time to Dump Crypto?

Featured Image from Shutterstock.
Tags: bitcoinDisbeliefmarket cycle
Tweet123Share212ShareSend
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

litecoin

Litecoin Attempts To Revitalize The Crypto Market With Bullish Breakout

38 mins ago
Ripple

Massive Token Unlock: Ripple Releases One Billion XRP From Escrow

3 hours ago
XRP

XRP Hype Spikes As Price Surges 12%, Is This A Top Signal?

6 hours ago
Ethereum (ETH)

Ethereum Fees Plunge 69% From Yearly High, What This Means For ETH

7 hours ago
Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?

Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?

10 hours ago
Anoma Foundation Raises $25 Million To Enhance Its Intent-Centric Blockchain Platform

Anoma Foundation Raises $25 Million To Enhance Its Intent-Centric Blockchain Platform

10 hours ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    1 day ago
  • Willing to buy new crypto: Here are the best 10...

    1 day ago
  • Best Crypto Meme Coin Presales in 2023

    1 day ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Investors Side With Skyrocketing TMS Network (TMSN) As...

    35 mins ago
  • Lido DAO (LDO) Finally Launches V2 While Uwerx(WERX) Has...

    55 mins ago
  • MOOKY Price Prediction – the next Dogecoin (DOGE)?

    2 hours ago
  • The Graph (GRT) and InQubeta (QUBE) Are Two Crypto AI...

    2 hours ago
  • Steadfastness Under Scrutiny: Mooky (MOOKY) and ApeMax...

    2 hours 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

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • 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
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 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.