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BITCOIN, Decisive BROADENING-WEDGE Develops, Important Levels!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. In recent times Bitcoin has shown up with important volatile movements in the structure and when considering the fundamental news they are equally volatile reaching from bullish developments such as the Bitcoin ETFs finally approving to bearish determinations such as regulatory issues taking place and accelerating. In this case, now I discovered the main formation Bitcoin is forming that will be a pivotal driver of the upcoming determinations, especially when it completes it will be an origin of a strong breakout and increased volatility, therefore, I discovered all the central developments, structural formations, and upcoming determinations. As when looking at my chart now we can watch there how Bitcoin is recently testing the 20-EMA in green and the 65-EMA in red again below which Bitcoin already pulled back several times previously. Besides that we can see the major formation forming here that I have marked with the blue boundaries, which is a massive broadening-wedge-formation with the coherent wave-count in the wedge and the waves A to D almost already completed. As Bitcoin is now about to finish the wave D in the structure there is an important head-and-shoulder-formation forming with the end of this wave D. In the next times it is likely that this head-and-shoulder-formation completes and points to the origin of the wave E that finalizes the whole wave-count. Taking all these factors into the consideration now we should be prepared for upcoming bearish encounters especially when this head-and-shoulder-formation completes in the structure and Bitcoin moves on with the bearish determinations this will lead to the testing of the lower support levels that can convert into an appropriate back-up-zone when Bitcoin manages to bounce within as the whole wave-count has been completed then. Once this happened and Bitcoin manages to continue with a bullish demand increase this can lead to the completion of this whole formation when Bitcoin closes above the upper boundary activating further bullish continuations and upside-targets. For now, we should not keep the immediate short-term bearish-determinations from the desk to be prepared on it and look on how Bitcoin approaches the main targets to move on with the suggested development further, it will be a crucial determination. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
23
BITCOIN (BTCUSD) – Week 44 – To the moon!MicroStrategy has revealed that it bought additional 9,000 units of Bitcoin during the third quarter of the year, bringing the worth of its holdings to around $7 billion. According to the company’s Q3 report released on October 28, the intelligence firm holds a total of 114,042 Bitcoin at an average purchase price of $27,713, which roughly translates to over $3 billion. However, if its holdings are converted to the current price of the crypto king, which as of press time is above $60k, it means the worth of its BTC holding would be around $7 billion, meaning the company would make a profit of close to $4 billion if it chooses to sell its BTC. Voyager Digital, a crypto trading broker, has entered into a five-year partnership with the NBA’s Dallas Mavericks, becoming the team’s first crypto brokerage and international partner. As part of the deal, Voyager and the Dallas Mavericks will work together via educational and community programs, as well as fan engagement promotions, to make cryptocurrency more accessible to a wider audience. The partnership also includes naming rights to the Mavs Gaming Hub, which is the official gaming and event venue for the Mavs NBA 2k League team. Details about this will be “announced at a later date,” according to the press release. Technically, Bitcoin made a correction at this price zone as we were expecting and wrote about in the previous weekly reports. For this week, we give a high probability for this correction to be over and we expect a continuation to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
3
BTC, Huge Global ASCENDING-WEDGE Indicates DECADE-REVERSAL!Hello, Welcome to this analysis about Bitcoin, we are looking at the global 4-day timeframe perspectives. In recent years Bitcoin established an ongoing bull-market with continuations of higher highs in the structure, Bitcoin even managed to recover from the heavy corona-crash-breakdowns we have seen by March 2021 in a profound and unforeseeable manner. Nevertheless, we should not underestimate the continuous threats that Bitcoin needs to defend against, from the regulatory insanity that many governments want to push through to the constant disinformation campaigns against Bitcoin, therefore although Bitcoin managed to continue with higher highs in the past we should not keep a bearish perspective out of sight especially as indications are showing it as I recently developed, therefore, in this analysis I look realistically on this situation and what we should expect in the upcoming times with the crucial developments. As when looking at my chart we can see there how Bitcoin is since it moved on with higher highs and the bull-market that had its origins in the 2018 bear-market-bottom is now forming this massive ascending-wedge-formation with the coherent wave-count in the formation and the waves A to D almost completed. Now as Bitcoin bounced in the lower-boundary matching with the 15-EMA in green and the 65-EMA in red again this is the origin of the wave E to the upside which will finalize the whole wave-count and complete this paramount formation when Bitcoin moves into the upper confirmed cup-and-handle-target-zone this is likely to result in a pull-back also because of this overbought condition which will be omnipresent then. Besides that, a crucial development is also seen with the MACD which is actually forming a bearish-divergence as the price-action formed higher highs and the MACD lower highs. Taking all these factors into account here we should in any case do not keep the bearish perspective out of sight and be prepared on potential upcoming volatilities which will lead to Bitcoin reaching out to the target-zone from where the situation needs to be elevated anew. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
56
BITCOIN; BEARISH PRESSURE Completed Formation, CONCLUSIONS NOW!Hello, Welcome to this update-analysis about Bitcoin and the 4-hour timeframe perspectives. In the recent times regulatory pressure on Bitcoin increased again and this manifested in real-time-price-action with bearish-pressure to the downside so Bitcoin moved on to completed this whole head-and-shoulder-formation bearishly to the downside increasing below the neckline. With the completion of this formation to the downside, Bitcoin is now in a precarious situation, although it is likely that Bitcoin firstly bounces here there are important resistances within the structure determined by the neckline marked in blue, the red resistance point-of-control line of the volume-profile marked in red, the descending-resistance-line marked in dashed red as well as the 65-EMA in red and the 45-EMA in green. Taking all these factors into the consideration there is an increased possibility given that when Bitcoin moves into these major resistances a rejection will happen from where Bitcoin will continue bearishly to the downside. Also Bitcoin with the completion of this formation activated the lower target-zone marked in blue which will be appointed then. Once Bitcoin reached out to this zone it has to be elevated how it continues from there and if there comes a possible reversal or not. In any case, the bearish scenario should not be kept from the desk here and we need to be prepared for it. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
20
SHIBA INU, HUGE Triangle COMPLETED, ROAD To New A.T.H!!Hello, Welcome to this analysis about SHIBA INU and the 4-hour timeframe perspectives. Since Shiba heavily exploded from its accumulation phase to the upside it showed up with a major altcoin-bull-paradigm within the cryptocurrency market almost replicating what Doge once did. The volume and trading activity for Shiba heavily increased in an accelerated manner never seen before and as this increase of bullishness happened Shiba became the most traded currency in coinbase. All these paramount developments can be kept from the desk and in this analysis I have a look at what is going on with this coin and if we can expect a continuation of this established bull-phase Shiba has shown up with. As when looking at my chart now we can watch there that since showing up with the massive bullishness Shiba began to form this huge ascending-triangle-formation with the coherent wave-count within the formation almost completed before Shiba Inu recently showed up with the bounce off the important and pivotal 20-EMA confirming the strong bullish breakout above the upper boundary of this absolutely central formation. Also Shiba was one of the strongest coins with this recent breakout moving several points above the previously established high and increasing with spread and volume in this case. Above the upper-boundary Shiba is now forming this triangle-formation which is confirming the breakout. The fact that Shiba formed this solid breakout above the boundary and that it is now validating the breakout with a formation gives the indication for the next main bullish wave to show up within the upcoming times as marked in my chart. When this happens and Shiba moves on forward to increase bullish demand and price-action this will lead to the new all-time-high above the previous one marked in my chart at the 0.00005 level in orange. This will be the forming of this major wave C to the upside and the overall targets of this wave are within the 0.000064 level marked in blue from where the situation in terms of bullishness needs to be elevated anew, for now, we should expect the wave to emerge as the technicals give the green light. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
34
BITCOIN After The Dump, H-S-Formation Develops!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. In recent times Bitcoin managed to heavily built-up bullish price-action and shoot into the new all-time-high after the first Bitcoin ETF got its approval, this development is likely to bring on further volume and demand into the market. Nevertheless after this new all-time-high has developed Bitcoin showed up with a pullback and moved back into its range increasing heavily with bearish price-action, this was a good dynamic for us in the VIP channel to profit on the short-side. As Bitcoin now showed up with these establishments there is a pivotal formation forming that I am explicating now. When looking at my chart we can watch there how Bitcoin increased bearish price-action and moved into the 60200 USD level to initially bounce to the upside from there on, this level is also simultaneously supported by the ascending-trend-line marked in darker grey in my chart. Besides, Bitcoin has support by the 65-EMA at this level. In this case now we can expect Bitcoin to firstly bounce in this area and what happens after it will be important as Bitcoin is about to finalize this huge decisive head-shoulder-formation with the left shoulder and the head already completed, now the right shoulder remains which will complete the whole formation and show the way into either direction. Taking all these factors into the consideration now, as Bitcoin has these major supports within the structure, currently, there is a slightly higher possibility for Bitcoin to complete this head-shoulder-formation bullishly to the upside, this possibility is slightly higher with a 55% possibility compared to the 45% possibility bearish scenario, nevertheless, it will be important on how Bitcoin moves on further with this now and it is necessary to await the final confirmation here before finally moving into the direction and rush into trades that do not satisfy. When considering the bullish case fundamentally it will be important on how the ETF developments move on and if new ETFs got approval which can bring fuel to the completion of the H-S-Formation. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
22
BITCOIN (BTCUSD) – Week 43 – After the new all-time highThe American multinational retail corporation – Walmart – will reportedly allow its customers to purchase bitcoin using ATMs installed in some of its US shops. The initiative became possible following a collaboration between the retail giant Coinstar and Coinme. A credible report from Bloomberg reads that the company has joined forces with Coinstar – known for its machines that can exchange physical coins for cash. As a result, the latter provided 200 bitcoin ATMs in Walmart stores across the USA, while the broader plan is to bring that number to 8,000 in the near future. Valkyrie is launching the second Bitcoin futures exchange-traded fund (ETF) in the U.S., the company announced on Friday. Valkyrie’s Bitcoin Strategy ETF is set to trade on the Nasdaq under the ticker BTF and will track the value of Chicago Mercantile Exchange (CME) Bitcoin futures. "The approval of ETFs based on CME Bitcoin futures is a positive development for the broader Bitcoin ecosystem, and a reflection of the strong growth and client demand for exposure to Bitcoin,” said Tim McCourt, Global Head of Equity Index and Alternative Investment Products at CME. Technically, as we were anticipating in the last week’s technical report Bitcoin broke the last all-time high and created a new one. After the creation of this new top, the price action is showing us the signs of a correction before continuing higher. Potential targets for reversal are the support area at 59k or we may see a deeper pullback that may drop the price to the 53k level. We don’t have any reason to believe at this moment that the price action is reversing to a downside trend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSD
by financialflagship
1
BITCOIN, New ALL-TIME-HIGH, Important Considerations Now!Hello, Welcome to this update-analysis about Bitcoin and the 2-hour timeframe perspectives. The roadmap to a new all-time-high that I mentioned in the origin-analysis was now successfully fulfilled and Bitcoin made the new all-time-high as expected, if you did not see these analyses already I highly recommend them to watch to have a full-depth-overview. In recent times we saw institutional interest in Bitcoin heavily increasing especially as the very first Bitcoin ETF was approved by the SEC which makes Bitcoin tradable for the masses, because of this we have seen this massive pump in the structure with Bitcoin almost exploding into a new all-time-high increasing paramountly with spread and volume. Now as this new all-time-high developed there are important considerations that I discovered which will be meaningful in the next times for Bitcoins development. When looking at my chart we can watch there how Bitcoin moved into the new all-time-high region and after that firstly rejected in the structure which is a pivotal reaction of the market as people who had long positions open took profit in this region and in this case the pullback was expected and emerged. In this structure as I detected Bitcoin is forming now this major head-and-shoulder-formation with the left shoulder and the head already completed, the right shoulder is about to complete in the near future which will finalize this whole formation when Bitcoin moves below the neckline. When this happens the head-shoulder-target-zone marked in my chart in blue will be activated in which Bitcoin will have the ability to stabilize and back-up again, when Bitcoin manages to do so there will be potential for a bullish continuation when Bitcoin manages to increase bullish demand sustainably and finally move on with this further in the all-time-high region, for now, we should not keep the bearish correction from the desk to properly prepare on those scenarios as it should be, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
19
Bitcoin, Ascending-Triangle, These Levels Are Important!Hello, Welcome to this analysis about Bitcoin and the 45-minute timeframe perspectives. In recent times Bitcoin moved on with bullish encounters and formed the highest weekly close in Bitcoin history reaching near the all-time-high region nevertheless as I discovered now there is an important formation forming as I discovered that should not be underestimated here as it can indicate a initial important reversal moving in. Therefore as when looking at my chart we can watch there how Bitcoin is now forming this main ascending-triangle-formation above the 15-EMA which is marked in red in my chart. In this formation, Bitcoin has the coherent wave-count reaching from A to E almost already completed and this whole formation will finally finalize once Bitcoin breaks out below the lower boundary of the triangle as it is marked in my chart, once this happened it will be the origin for further bearish continuations to the downside and Bitcoin will have firstly activated the 59600 Usd level marked in blue as a target-zone. It will be important how Bitcoin moves into this zone when the formation completed, when it is a strong bearish move with high volatility a bearish continuation should not be kept from the desk. Therefore we need to be prepared on potential increasing bearish price-actions to take appropriate action when it shows up, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
33
BITCOIN, Channel-Breakout Emerged, Further Determinations!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. As mentioned in the previous analysis Bitcoin formed this major ascending-channel-formation, if you did not see this analysis already I highly recommend to watch it having a full-depth-overview. In recent time, Bitcoin formed the breakout above the upper-boundary as expected which is now fulfilling one fundamental groundstone for the all-time-high to finally complete. In this case now I discovered further important determinations that are necessary to consider here, therefore I detected all the important levels, structural formations and upcoming determinations we need to consider with Bitcoins established structure. When looking at my chart now we can watch there how Bitcoin moved on with the breakout above the upper-boundary and advanced further in this area. Now as Bitcoin approaches the local resistance a pullback from there on has a higher likelihood, once this pullback has completed it will be important on how Bitcoin approaches the levels in the structure mainly the confirmational-bounce-cluster that is marked in blue in my chart. In this cluster several supports coming together such as the horizontal support, the upper-boundary of the ascending-channel and the 20-EMA, this level is important to hold and bounce off and when Bitcoin shows up with it this will lead to the origin-formation to complete a new all-time-high. Taking all these factors into consideration there is good potential to consider a confirmational formation above the upper boundary here which can take the shape of a bull-flag or a triangle-formation, once this formation completed and bullish continuations show up it will lead to the breakout into the new all-time-high. In this case it is necessary that Bitcoin really shows up with the bullishness and does not increase bearish signs that can invalidate the formation and lead to a pullback again. As always it is pivotal to await the final confirmations before moving into a proper direction rather than over-speculating the market into a one-sighted direction and rushing into trades that do not satisfy. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
26
BITCOIN (BTCUSD) – Week 42 – Embrace the new all-time highAmerican finservice company Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Jack Dorsey said in a recent tweet storm that “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more decentralized this is, the more resilient the Bitcoin network becomes.” Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software, and integration. After denying, delaying or ignoring dozens of applications over the last four years, the U.S. Securities and Exchange Commission has given its approval for the first Bitcoin ETF. ProShares filed an amended prospectus on Friday, indicating that it has received the go ahead for its Bitcoin Strategy ETF to move forward on Monday. The company's ETF is tied to Bitcoin futures contracts, rather than directly to the current price of Bitcoin, but its approval still represents a landmark moment for the crypto industry. Technically, Bitcoin did exactly what we forecasted in our last weekly report. We expected a correction and then a continuation to the upside and it happened. For this week the higher probability move remains to the upside as we have no technical clue that would indicate a reversal. We may see a correction that will reach the blue trendline marked on the chart and after that the continuation to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
2
BITCOIN TRIANGLE-CYCLE, These TRIANGLES Are EXTREMELY PRECISE!Hello, Welcome to this analysis about Bitcoin, the weekly timeframe perspectives, and the major underlying triangle-formation that I have detected coming in several different variants and timeframes on the lower as well as higher timeframes and varying in amplitude. What is so amazing with the triangles Bitcoin is forming is that they actually are extremely precise and in a highly vast majority of cases reach the objected target-zones. Therefore I will look at the past triangles Bitcoin that I published Bitcoin has formed in the past and then also contribute them into the broader context with the long-term-cycle Bitcoin is trading in and the current main decisive ascending-triangle-formation likely to complete next. ▶ Current News Objectives: From a fundamental news perspective, we can catch some very important and pivotal developments in the Bitcoin and Cryptocurrency space recently. Since China the previously biggest Bitcoin mining hub banned Bitcoin mining and trading just two months ago miners from China settled out into more supportive places mainly in the united states and now just two months after the ban the United States became the biggest Bitcoin mining hub, this is why we see mining activity and the hash rate increasing recently which is converting into increased demand and therefore positive for Bitcoin bullish developments. Besides the launching of a major Bitcoin-ETF comes nearer, therefore these developments indicate a bullish sentiment that fulfills the fuel for Bitcoin's current major triangle to complete. ▶ Major Bitcoin Triangle-Cycle And The Current Triangle Forming: When looking at my chart we can watch there how Bitcoin has established this major triangle-cycle with two massive historical triangles already completed, the first historical triangle is this huge ascending-triangle and the second is this precise symmetrical triangle formation, both targets of these two major massive triangle-formations have already reached, the target of the first ascending-triangle with the peak of 2017s bull-market and the second of the symmetrical triangle with the top at 60.000 USD before the China FUD spread. Now in the current dynamic, we can see this very solid ascending-triangle forming which is marked in blue and which is likely to complete in the next times because demand is increasing both fundamentally and technically, completion of this triangle will appoint to the upper distribution range of the massive triangle-cycle from where Bitcoin needs to show if it reverses or forms the next triangle. ▶Previously Formed Bitcoin Triangles Analysis: Bitcoins Huge Symmetrical Triangle Reached Its Major Target-Zones At The 60.000 USD Level: Bitcoin Triangle On The 4-Hour Timeframe Completing With A Exponential Upside-Breakout Like Expected: Bitcoin Triangle-Formation On The 1-Hour Timeframe Fulfills More Likely Bullish Breakout To Reach Out Targets: Bitcoin Triangle On The 4-Hour Timeframe Finalizes With Higher Likelihood Bullishness To Accelerate Bullish Volatility: In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
42
BITCOIN, ROADMAP To A New ALL-TIME-HIGH!Hi, Bitcoin has properly completed the main bull-flag-formation and the major massive cup-and-handle-formation in the structure. Bitcoin is now holding solidly above the upper-boundary of the bull-flag and Bitcoin is validating this by staying above the neckline of the paramount cup-handle-formation that completed greatly with the breakout above the neckline, if you did not see these analysis already I highly recommend them to watch to have a full-depth-overview. Now in this structure I discovered important establishments Bitcoin is now developing on the daily timeframe perspectives with a possible accelerating breakout to a new all-time-high-condition incoming. Therefore as when looking at my chart we can watch there that Bitcoin has formed this major huge ascending-channel-formation with the coherent ABC-wave-count within and the local bull-flag recently completed. Bitcoin now moved into a bullish-transition-zone where it is holding above the local bull-flag and preparing to form the further continuation bullish-breakout when demand increases in the near future this is a likely scenario to be expected. When Bitcoin then bounces above the upper-boundary of the ascending-channel it will be the great setup from where Bitcoin merges higher to form the final all-time-high with the wave-C-extension as shown in my chart. Bitcoin is also strongly holding above the 55-EMA in black and the 20-EMA in red which are great supports here, therefore when Bitcoin should pullback these will be the first supports where Bitcoin will likely bounce and continue the dynamics. Once the breakout above the upper-boundary has emerged this will activate upside-targets and technically they are in the 80.000 Usd area. As we see now it is always pivotally necessary to always keep patient in the market and wait for the right confirmations rather than overspeculating the market as it is seen to often these times, it is necessary to have a roadmap to hold against smart money operators and market makers omnipresent in this market. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
The Epical Rise Of Blockchain, Bitcoin And Cryptocurrency!Hello, Welcome to this analysis about Blockchain, Bitcoin, And Cryptocurrency. In the past decades Blockchain, Bitcoin and Cryptocurrency established a paradigm and rise to the top in a faster, higher, and more accelerated manner since it was never seen before in human money history. In fact, as I already mentioned in a previous article Bitcoin is the most innovative and technologically advanced money form in history, it is due to the fact that it is scarce and can not be increased by will like it is the case with fiat money in its form we see today, even gold is not completely scarce because it is unknown how much of it can still be mined, for Bitcoin it is clear only 21 million can be mined. These developments come not from nowhere, in fact, the origins of Bitcoin and other cryptocurrencies as we know seem today have their roots back years before the first Bitcoin transaction was made by the famous Satoshi Nakamoto, all this came from smart people who made thoughts on how a decentralized, scalable and scarce money can be created to the astonishing developments we have seen till today, even whole countries adopting the technology as a legal tender. Therefore I looked at all the important developments for Blockchain, Bitcoin, and Cryptocurrency that were recorded till today and categorized them into three main periods. THE TECHNOLOGICAL-INITIATION-DEVELOPMENT-PERIOD: When looking into the history of Blockchain, Bitcoin, and Cryptocurrency it becomes clear that the first footsteps of this innovational technology were spotted in the 20th century, to be clear it was in 1979 the year in which Ralph Merkle published the Merkle-Tree in its P.h. D. thesis, it was the very first model of a blockchain which already provided an approach to public-key distribution and digital signatures, an epical moment that should lie grounds for the further developments following in past years. In the years following this event many important technological events and inventions took place such as hashcash which was the very first digital form of a proof-of-work conceptual technology, proof-of-work is the central process behind mining Bitcoin. In 2004 then Hal Finney came to the surface whom some describe as the secret hidden Satoshi Nakamoto and in fact this can be possible as Hal Finney already created a Non-Exchangeable Non-Fungible Token Exchange Dynamic with the proof-of-work concept implemented. Then just some years later in 2008 a mysterious Satoshi Nakamoto who can be a group, a person or a company, it is still unkown till today published the Bitcoin white paper. Only one year later the theory became reality and Bitcoin launched with the first transactions taking place, the framework of later exponential developments in Blockchain, Bitcoin, and Cryptocurrency. THE INCREASED-PUBLIC-ATTENTION-PERIOD: Since Bitcoin has firstly seen daylight in 2009 till some years later in 2011 Bitcoin was mainly used by computer nerds and early adopters who found the technology great. Even though many years in the fore have passed with the first technological developments it was still very early for Bitcoin and no public attention caught on however this should change in the coming years with the infamous Mt. Gox cryptocurrency exchange emerging and Bitcoin shooting from some dollars to over 1000 Usd in some months, such a rise in price action was extremely new and in this time Bitcoin was initially spotted by the public, many called it a bubble however following years should prove that this should be not the case. This time was also the period in which other cryptocurrencies besides Bitcoin launched into the space such as Ethereum emerging with its white paper published in 2013 and with the frontier network launching just two years later in 2015, from then on Ethereum moved to the top becoming second-largest cryptocurrency by market-cap besides Bitcoin. This was also the beginning of Cryptocurrency's great astonishing bull-market that protracted till 2017, in which many Cryptocurrency projects launched and IPOs got unbelievable hype. Even to this point many institutions and the public still kept skeptical about the asset which later changed opinion and entered the market and as seen now the skepticism was not approved because Bitcoin formed several higher all-time-highs after it even recovering from the corona crash. THE MAINSTREAM-ACCELERATION-PERIOD: This is the period that began around the ending of the 2017 historical bull-market and is still holding on till now, even it can be said that Blockchain, Bitcoin and Cryptocurrency development is still early and that users coming in just cathing the starting mainstream adoption. Sure Bitcoin showed a heavy bearish crash after the 2017 bull-market however the technological developments still gone on in this phase even when many well-established tech-companies such as Google or Facebook banned Bitcoin, this did not changed the fact that the inherent value still increased and that Bitcoin managed to recover just in this phase, even the corona crash was not able to keep Bitcoin down on the long term and also the well-established tech-companies like Google or Facebook reversed and lifted the bans again to even implement new features such as Twitter implementing the Bitcoin Lightning Tipping feature. All these events drove the demand and realtime-price-action to the upside with Bitcoin reversing and recovering from the heavy corona crashes and making new highs. A new hype around NFTs created and institutional investors from classical payment providers like banks to car companies like Tesla moving into Bitcoin. Even the first country adopted Bitcoin and all these events are due to the fact that we are now in the mainstream-acceleration-phase which is likely to continue for the next time as Bitcoin and Cryptocurrency just began to catch mainstream attention. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great developments are the seed of fate deeds grow into destiny." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
11