Chain News Today TheBitTimes.com

The cryptocurrency market, known for its cyclical nature, often sees Ethereum (ETH) and Bitcoin (BTC) taking the lead. Amid the current bearish sentiment, recent Analysis suggests that Ethereum’s past price performance could offer crucial insights into when Bitcoin might reach its next major peak. In an X post on June 28, crypto analyst CryptoCon shared data from analysis platform Glassnod e, detailing Ethereum’s price trends following cycle lows in August 2015, December 2018, and June 2022. This data highlights three distinct cycles, revealing significant growth and retracement patterns for ETH over time. Picks for you PayPal founder warns of 'bumpy ride,' questions Bitcoin value proposition 2 hours ago Japanese Ye...

Although Bitcoin (BTC) has started the week on a positive note, recovering from the recent losses that followed its new all-time high (ATH), the maiden cryptocurrency is inching closer to a major ‘danger zone’ in which it has historically started to make its pre- halving retraces. Specifically, Bitcoin has traditionally performed pre-halving retraces in the period between 14 and 28 days before its halving event, with a 40% retrace in 2016 and a 20% one in 2016, according to the observations shared by crypto trading expert Rekt Capital in an X post on March 17. Bitcoin price prediction and action analysis. Source: Rekt Capital Highway to the danger zone In other words, Bitcoin is about to enter another ‘danger zone’ in which the pre-halving retraces would typically begin, keeping in mind that the flagship decentralized finance (DeFi) asset is less than 30 days away from the halving and has already recorded a pullback last week. Picks for you Solana’s network hit ...