RATE Group | Bitcoin Market Cycle: Is This Complacency, Or A New Hope?
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Bitcoin Market Cycle: Is This Complacency, Or A New Hope?

12 Nov Bitcoin Market Cycle: Is This Complacency, Or A New Hope?

Posted at 19:53h in Bitcoin News by

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All markets – such as Bitcoin – are cyclical and go through stages of peak euphoria before a correction brings investors back down to reality. Eventually, anger and depression kick in, and investors begin to fear the worst before the cycle reaches a low and begins to pick up once again and return to the mean.

But where is Bitcoin in its overall market cycle? Was this year’s run-up a disbelief rally before new hope sets in, or has the market on just now reached the complacency stage, and the real carnage is still ahead?

Where Exactly Is Bitcoin In Its Market Cycle?

Bitcoin, the first-ever cryptocurrency, has had a stellar 2019. At the peak of its parabolic run, it reached a price of $14,000 and at the height brought investors who bought the bottom as much as over 350% returns – no other asset compares to Bitcoin’s performance.

Related Reading | List of Crypto All-Time High Prices Shows How Far Market Must Recover 

The powerful rally has crypto investors convinced that the…

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