• bitcoinBitcoin (BTC) $ 98,095.00
  • ethereumEthereum (ETH) $ 3,472.49
  • tetherTether (USDT) $ 0.998538
  • xrpXRP (XRP) $ 2.32
  • bnbBNB (BNB) $ 680.29
  • solanaSolana (SOL) $ 194.52
  • dogecoinDogecoin (DOGE) $ 0.338453
  • usd-coinUSDC (USDC) $ 0.998086
  • cardanoCardano (ADA) $ 0.969824
  • staked-etherLido Staked Ether (STETH) $ 3,462.76
  • tronTRON (TRX) $ 0.251529
  • avalanche-2Avalanche (AVAX) $ 40.96
  • chainlinkChainlink (LINK) $ 24.13
  • wrapped-stethWrapped stETH (WSTETH) $ 4,129.50
  • the-open-networkToncoin (TON) $ 5.51
  • suiSui (SUI) $ 4.75
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,875.00
  • polkadotPolkadot (DOT) $ 7.51
  • stellarStellar (XLM) $ 0.376048
  • hyperliquidHyperliquid (HYPE) $ 32.71
  • hedera-hashgraphHedera (HBAR) $ 0.270749
  • wethWETH (WETH) $ 3,479.04
  • bitcoin-cashBitcoin Cash (BCH) $ 468.97
  • leo-tokenLEO Token (LEO) $ 9.27
  • uniswapUniswap (UNI) $ 14.02
  • pepePepe (PEPE) $ 0.000019
  • litecoinLitecoin (LTC) $ 103.45
  • wrapped-eethWrapped eETH (WEETH) $ 3,669.65
  • nearNEAR Protocol (NEAR) $ 5.43
  • bitget-tokenBitget Token (BGB) $ 4.42
  • aptosAptos (APT) $ 10.70
  • ethena-usdeEthena USDe (USDE) $ 0.998259
  • internet-computerInternet Computer (ICP) $ 10.95
  • usdsUSDS (USDS) $ 0.997269
  • aaveAave (AAVE) $ 325.12
  • crypto-com-chainCronos (CRO) $ 0.167930
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.506874
  • mantleMantle (MNT) $ 1.23
  • ethereum-classicEthereum Classic (ETC) $ 27.52
  • vechainVeChain (VET) $ 0.049143
  • render-tokenRender (RENDER) $ 7.68
  • mantra-daoMANTRA (OM) $ 3.91
  • bittensorBittensor (TAO) $ 486.83
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.37
  • ethenaEthena (ENA) $ 1.20
  • whitebitWhiteBIT Coin (WBT) $ 24.51
  • moneroMonero (XMR) $ 190.59
  • arbitrumArbitrum (ARB) $ 0.812462
  • daiDai (DAI) $ 0.998240
  • filecoinFilecoin (FIL) $ 5.27
  • kaspaKaspa (KAS) $ 0.125924
  • fantomFantom (FTM) $ 1.07
  • algorandAlgorand (ALGO) $ 0.357699
  • cosmosCosmos Hub (ATOM) $ 7.09
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.77
  • okbOKB (OKB) $ 46.22
  • blockstackStacks (STX) $ 1.80
  • ondo-financeOndo (ONDO) $ 1.83
  • optimismOptimism (OP) $ 1.91
  • bonkBonk (BONK) $ 0.000034
  • celestiaCelestia (TIA) $ 5.40
  • immutable-xImmutable (IMX) $ 1.47
  • movementMovement (MOVE) $ 1.05
  • theta-tokenTheta Network (THETA) $ 2.30
  • injective-protocolInjective (INJ) $ 22.40
  • dogwifcoindogwifhat (WIF) $ 2.16
  • the-graphThe Graph (GRT) $ 0.224694
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,475.54
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 98,240.00
  • sei-networkSei (SEI) $ 0.460178
  • worldcoin-wldWorldcoin (WLD) $ 2.38
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030012
  • thorchainTHORChain (RUNE) $ 5.39
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,583.02
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,892.89
  • flokiFLOKI (FLOKI) $ 0.000180
  • jasmycoinJasmyCoin (JASMY) $ 0.035878
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996470
  • gatechain-tokenGate (GT) $ 13.28
  • galaGALA (GALA) $ 0.039119
  • lido-daoLido DAO (LDO) $ 1.81
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,658.30
  • flare-networksFlare (FLR) $ 0.028327
  • beam-2Beam (BEAM) $ 0.029003
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.90
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 98,068.00
  • makerMaker (MKR) $ 1,673.46
  • the-sandboxThe Sandbox (SAND) $ 0.602023
  • pyth-networkPyth Network (PYTH) $ 0.391916
  • fasttokenFasttoken (FTN) $ 3.32
  • tezosTezos (XTZ) $ 1.37
  • based-brettBrett (BRETT) $ 0.139665
  • usual-usdUsual USD (USD0) $ 0.997878
  • kaiaKaia (KAIA) $ 0.236488
  • nexoNEXO (NEXO) $ 1.39
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 98,020.00
  • kucoin-sharesKuCoin (KCS) $ 11.39
  • raydiumRaydium (RAY) $ 4.65
  • eosEOS (EOS) $ 0.858215
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,574.42
  • heliumHelium (HNT) $ 7.18
  • binance-staked-solBinance Staked SOL (BNSOL) $ 198.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 37.39
  • jupiter-exchange-solanaJupiter (JUP) $ 0.893042
  • aerodrome-financeAerodrome Finance (AERO) $ 1.67
  • flowFlow (FLOW) $ 0.759144
  • xdce-crowd-saleXDC Network (XDC) $ 0.078505
  • starknetStarknet (STRK) $ 0.507191
  • arweaveArweave (AR) $ 17.38
  • iotaIOTA (IOTA) $ 0.316120
  • dydx-chaindYdX (DYDX) $ 1.58
  • aioz-networkAIOZ Network (AIOZ) $ 0.984491
  • bitcoin-svBitcoin SV (BSV) $ 56.15
  • curve-dao-tokenCurve DAO (CRV) $ 0.882894
  • msolMarinade Staked SOL (MSOL) $ 242.91
  • coredaoorgCore (CORE) $ 1.15
  • bittorrentBitTorrent (BTT) $ 0.000001
  • neoNEO (NEO) $ 14.89
  • axie-infinityAxie Infinity (AXS) $ 6.61
  • elrond-erd-2MultiversX (EGLD) $ 36.99
  • matic-networkPolygon (MATIC) $ 0.507851
  • decentralandDecentraland (MANA) $ 0.507565
  • fartcoinFartcoin (FARTCOIN) $ 0.908581
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,466.44
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 97,237.00
  • apecoinApeCoin (APE) $ 1.23
  • pendlePendle (PENDLE) $ 5.41
  • eigenlayerEigenlayer (EIGEN) $ 4.15
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 97,808.00
  • zcashZcash (ZEC) $ 54.78
  • jito-governance-tokenJito (JTO) $ 3.14
  • mog-coinMog Coin (MOG) $ 0.000002
  • chilizChiliz (CHZ) $ 0.091264
  • akash-networkAkash Network (AKT) $ 3.36
  • ai16zai16z (AI16Z) $ 0.737940
  • wormholeWormhole (W) $ 0.287194
  • conflux-tokenConflux (CFX) $ 0.169018
  • popcatPopcat (POPCAT) $ 0.810202
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,482.41
  • mina-protocolMina Protocol (MINA) $ 0.649834
  • compound-governance-tokenCompound (COMP) $ 86.13
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 207.55
  • roninRonin (RON) $ 2.01
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.54
  • superfarmSuperVerse (SUPER) $ 1.66
  • spx6900SPX6900 (SPX) $ 0.801428
  • usddUSDD (USDD) $ 0.997539
  • havvenSynthetix Network (SNX) $ 2.16
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,479.43
  • ecasheCash (XEC) $ 0.000037
  • chiaChia (XCH) $ 22.42
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.007096
  • dydxdYdX (ETHDYDX) $ 1.58
  • amp-tokenAmp (AMP) $ 0.008319
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.339450
  • zksyncZKsync (ZK) $ 0.190144
  • gnosisGnosis (GNO) $ 268.76
  • notcoinNotcoin (NOT) $ 0.006739
  • axelarAxelar (AXL) $ 0.782514
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.685628
  • chex-tokenCHEX Token (CHEX) $ 0.679821
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 97,722.00
  • layerzeroLayerZero (ZRO) $ 5.99
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • tether-goldTether Gold (XAUT) $ 2,625.53
  • fraxFrax (FRAX) $ 0.993108
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,658.93
  • reserve-rights-tokenReserve Rights (RSR) $ 0.011811
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000114
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,767.01
  • grassGrass (GRASS) $ 2.56
  • turboTurbo (TURBO) $ 0.008932
  • vanaVana (VANA) $ 19.97
  • usualUsual (USUAL) $ 1.27
  • oasis-networkOasis (ROSE) $ 0.087502
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006588
  • blurBlur (BLUR) $ 0.279774
  • ordinalsORDI (ORDI) $ 27.76
  • creditcoin-2Creditcoin (CTC) $ 1.40
  • super-oethSuper OETH (SUPEROETHB) $ 3,483.40
  • echelon-primeEchelon Prime (PRIME) $ 11.21
  • 1inch1inch (1INCH) $ 0.409046
  • safeSafe (SAFE) $ 1.11
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.34
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.540571
  • beldexBeldex (BDX) $ 0.077500
  • livepeerLivepeer (LPT) $ 14.48
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 98,119.00
  • susdssUSDS (SUSDS) $ 1.02
  • paypal-usdPayPal USD (PYUSD) $ 0.998481
  • arkhamArkham (ARKM) $ 1.57
  • gigachad-2Gigachad (GIGA) $ 0.054742
  • kusamaKusama (KSM) $ 32.97
  • apenftAPENFT (NFT) $ 0.00000053
  • nervos-networkNervos Network (CKB) $ 0.011411
  • pax-goldPAX Gold (PAXG) $ 2,622.91
  • pumpbtcpumpBTC (PUMPBTC) $ 97,278.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,485.34
  • snekSnek (SNEK) $ 0.006724

This indicator hints Bitcoin’s next bull cycle phase ‘will be legendary’

0 63

With Bitcoin’s (BTC) bull run seemingly on course, a crypto trading expert has highlighted that investors should prepare for further gains based on historical patterns.

According to the analyst with the pseudonym Mags, in an X post on July 19, Bitcoin’s historical price movements and technical indicators are aligning in a way that suggests a legendary rally is in the offing.

One of the key observations from Mags’ analysis is the recurring pattern of sideways movement following Bitcoin’s halving events. Notably, Bitcoin trades sideways after each halving for several months, characterized by relatively stable prices with minimal upward or downward movements.

This sideways phase has historically been the final opportunity for investors to accumulate Bitcoin at lower prices before the onset of a major bull run.

Another critical aspect of Mags‘ analysis focuses on the Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements. The RSI levels on the monthly chart have not yet reached the extreme levels (90+) observed in previous bull cycles.

This indicator hints Bitcoin's next bull cycle phase 'will be legendary'

The RSI is currently around 68.50, significantly below the peaks in past cycles, which often coincided with Bitcoin reaching new all-time highs. This suggests substantial room for growth before the market becomes overbought.

“Right now, the monthly RSI hasn’t reached extreme levels (90+) yet as seen in the past cycles. This suggests there’s still a lot of potential for Bitcoin to go higher. The next phase of this bull cycle will be legendary,” the analyst said.

The analyst noted that the current market conditions are ripe for a legendary bull run. The combination of the post-halving accumulation phase and the RSI levels indicating further potential for upward movement creates a promising outlook for Bitcoin’s price.

Bitcoin’s repeating patterns

Mags’ analysis mirrors another Bitcoin outlook by crypto analyst Michaël van de Poppe. In an X post on July 20, the analyst pointed out that Bitcoin is showing signs of repeating historical patterns, suggesting an imminent significant price movement.

Over the past several months, Poppe noted that Bitcoin has been in a consolidation phase characterized by relatively stable prices with minor fluctuations. In his view, this prolonged consolidation is a precursor to a major price impulse expected to occur within the next six to 12 months.

Historically, such consolidation phases in Bitcoin have often been followed by substantial upward price movements, which have surprised many investors.

This indicator hints Bitcoin's next bull cycle phase 'will be legendary'

Meanwhile, after Bitcoin briefly surpassed $67,000, the market remains focused on this key short-term resistance level. Investors should also keep an eye on $66,000, as falling below this mark could lead to sustained losses.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source

Leave A Reply

Your email address will not be published.