BITCOIN GRAPH FULL

GRT is -63.16% over the last 90 days at the time of writing. GRT is +1.6% for the last 24 hours but has lost more than 60% of its value over the past 3 months. The Graph is in the midst of a post-Coinbase listing selloff that has trickled into a larger macro sell-off and more downside for The Graph’s token, GRT. The below chart is from Crypto-Swing and shows his interpretation of Wyckoff Accumulation adjusted to the BTC 1D Chart.īTC’s been hovering near the middle of its 52 week range of $8,857-$64,804 for over a month now.īitcoin had a daily / weekly candle close on Sunday of $35,432.

BITCOIN GRAPH FULL

Typically, that sort of euphoria is an indicator of a market top – whether that is the mid-top of the market or the full market cycle top is a developing story. There were projects like DOGE that went absolutely nuclear out of the blue. The most obvious case the bear market has just begun would be the euphoria the market experienced in the beginning of May. Over the previous cycles bitcoin drew down in price rather methodically and not 57.4% over 30 days like this recent capitulation event.īears however will likely tell you differently if you ask them if the bitcoin / crypto bull market has concluded. This would be the quickest close to a bull market in the history of the asset class.

The most overwhelming variable that supports the bulls case is timing. The price of BTC 365 days ago was $9,678 and there was very little buzz at all about bitcoin or the cryptocurrency sector as a whole at this time last year. This was months after the legacy market and cryptocurrency market were affected by a black swan event and the BTC price had leveled around $9k after bouncing around $3,800. The current price action reminds crypto OG’s a lot of this time last year when many were growing anxious.

BTC bulls point to a number of variables that suggest the bull market is still very much ongoing.īTC is still +276.6% for the last 12 months despite the pain over the last 40 days. After failing again over the last week to break out of its structure with significant volume to the upside BTC found its way back below $35k on Sunday.īitcoin is still in a Wyckoff Accumulation zone if you ask bulls.

Bitcoin graph