NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Historic Recurrence: Will Bitcoin Bottom At Its Previous All-Time High?

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
bitcoin historic recurrence history market cycle

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

During Bitcoin’s last bear market, after crypto investors were convinced a bottom was in, the asset later broke down to set a new low – a low that coincided with the previous cycle’s top.

History often repeats itself, and with Bitcoin suddenly at prices, no one expected to see two years after a “bottom” was put in, a deeper fall to a previous peak cannot be ruled out.

History Often Repeats, But Do Crypto Market Cycles?

Historic recurrence is described as a phenomenon where strikingly similar events repeat over the years, and such instances have been recorded since the dawn of time.

Like the planets orbiting the sun or the four seasons, markets are also cyclical, and go through extended periods of downtrend, followed by growth and prosperity.

Related Reading | Seasonality in Bitcoin: Will Spring Bring a Return of Growth to Cryptocurrency?

Bitcoin, like other financial assets, go through bull markets that increase asset valuations then later experience bear markets that wipe out those gains.

However, there could be more to comparing past Bitcoin cycles with the current cycle, beyond simple bull and bear market transitions.

According to one crypto analyst, the last Bitcoin bear market cycle gave investors hope after a “false bottom” was put in at the 0.382 Fibonacci level. This false bottom eventually gave way and caused the leading cryptocurrency by market cap to plummet to its true bottom at roughly $150.

Interestingly, this true bottom happened to be the top of the previous cycle’s bull market peak. It also represented a perfect fall to the “golden zone” – a key level where multiple Fibonacci levels converge.

https://twitter.com/sometrader78/status/1242046849235783684?s=21

Bitcoin’s Final True Bottom Could Be Previous Bull Market Top at $1,200

Should Bitcoin follow a similar path his time around, the current bear market bottom at $3,200 would be just a temporary “false bottom” and Bitcoin will fall back to its previous bull market cycle’s all-time high.

This peak current rests at roughly $1,200, suggesting that first-ever cryptocurrency could suffer yet another serious collapse in the days and weeks ahead.

Related Reading | Economist: Government Overspending Amidst Crisis is Bullish for Bitcoin

For more than two years now, crypto investors have been claiming they’d go all-in on Bitcoin if it ever returned to such prices. But now that such lows are near, the world is in a panic over a spreading pandemic, and a recession is all but guaranteed at this point, is anyone really ready to buy Bitcoin if it falls to such prices?

For every seller, there’s always a buyer, so someone would be buying Bitcoin at those prices, and those that do, just like the last time around, could see life-changing upside following the real bottom being put in.

Featured image from Shutterstock
Tweet123Share202ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

TOP 3 memecoin kriptovaliutos, kurių negalite praleisti

TOP 3 memecoin kriptovaliutos, kurių negalite praleisti

2025 metų liepa atskleidžia, kad memecoin kriptovaliutos vėl sugrįžta su trenksmu – bendras sektoriaus kapitalas mėnesio pradžioje išaugo nuo 55 mlrd. USD...

Tomas Jankūnas 1 hour ago

Oltre MicroStrategy: Le 10 Migliori Azioni con Strategie di Tesoreria in Crypto da Tenere d’Occhio

Con l’ascesa di Bitcoin e degli asset digitali nella finanza mainstream, un numero crescente di aziende quotate in Borsa sta...

clararosati 3 hours ago

Orbs Unveils Perpetual Hub Ultra to Bring Native Perps Trading to Omnichain DEXs

Orbs, the leading Layer-3 infrastructure provider, has unveiled Perpetual Hub Ultra as a whitelabel solution for decentralized exchanges. Perpetual Hub...

News BTC 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

GENIUS likumprojekts iziet cauri Kongresam, kamēr mēme monētu vērtība sasniedz 82 miljardus dolāru, ICO pārsniedz 2 miljonus.

lasma 37 minutes ago
XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy.

XRP and Dogecoin Skyrocket as U.S. Crypto Bills Pass — Here’s Why Everyone’s Hunting for the Best Crypto to Buy

Aaron Walker 1 hour ago
Dogecoin

Dogecoin Price Prediction: Expect 60% Liftoff If This Channel Breaks: Analyst

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Dự Báo Giá Bonk

    Dự Báo Giá Bonk: Liệu BONK Có Vượt Qua Pepe?...

    37 minutes ago
  • Bitcoin Hyper

    Các đồng coin tiềm năng khi Bitcoin phục hồi...

    46 minutes ago
  • XRP players must read: 2025 latest Cloud Mining plan, $6000...

    49 minutes ago
  • Alt coin tốt nhất để mua khi Ethereum

    Alt coin tốt nhất để mua khi Ethereum hướng tới...

    55 minutes ago
  • MEXC Publishes Q2 Report Showing Market Leadership in...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.