Bitcoin Bull Market To Continue In 2022 – Total Crypto Market Cap Hits $3 Trillion
The crypto market exploded, and it’s been just revealed that the total market cap just hit $3 trillion. Bitcoin continues its bullish moves, and at the moment of writing this article, BTC is trading in the green, and the...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The crypto market exploded, and it’s been just revealed that the total market cap just hit $3 trillion.
Bitcoin continues its bullish moves, and at the moment of writing this article, BTC is trading in the green, and the king coin is priced at $65,787.
The BTC bull run will reportedly continue in 2022 as well, according to an important crypto analyst.
Bitcoin bull run to continue next yearCrypto strategist and trader Benjamin Cowen says he believes Bitcoin will continue its bullish moves into 2022.
In a new strategy session, he said that Bitcoin is in a massive reaccumulation range.
“This is where we started, right around $28,000, $29,000… That was the beginning of 2021. And then so far, what have we done? Not a whole lot, right? Could we finally break out of it as we get into the end of the year? Yeah, it’s certainly possible.”
He continued and said the following:
“But look: I don’t think 2021 for Bitcoin is going to go down as a parabolic rally year in the sense that we spent most of the year going sideways.”
He said that Bitcoin holders will probably not get excited over gains of about 2x.
“You take a look at what’s happened in 2021 for Bitcoin, a whole lot of nothing. We’ve more or less just been in this range of approximately 130%. I guarantee you most Bitcoiners don’t get out of bed for a 130%.”
He called 2021 “The Great Accumulation Year” for Bitcoin. He said that BTC will stretch out its bull cycle into 2022.
“based on all the data that I look at, that the cycle should lengthen into 2022 at the very least. And that when I look at this (2021 range), I just say, ‘You know what 2021, for the most part, has been a long reaccumulation year.’”
Stay tuned for more exciting news and keep your eyes on the crypto market.
The post Bitcoin Bull Market To Continue In 2022 – Total Crypto Market Cap Hits $3 Trillion first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
A $7 billion crypto ETF plumbing boom just ran into the IRS
The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against...
Coinbase just completed its US derivatives stack but its biggest bet still sits outside it
Coinbase, the largest US-based crypto exchange, has secured Commodity Futures Trading Commission (CFTC) approval for its own deriv...
PUMP Crypto Surges +15%: Will Pump.Fun Explosion Boost SOL?
PUMP crypto is trading at $0.0058, up nearly +15% overnight after a +60% move over the past two weeks. Daily trading volume has al...
Ethereum Price Prediction: Could Aztec’s zk.money Drive ETH Higher as Zcash Fuels Privacy Narrative?
Ethereum is trading at $2,665, flat over 24 hours, leaving it below the $2,700–$2,735 resistance band as our recent price predicti...
SEC Sues Four Firms Over Alleged $15 Million Crypto Scams Run Through WhatsApp Chats
The Securities and Exchange Commission charged four entities on Tuesday over two alleged schemes that used WhatsApp group chats an...
XRP Price Prediction: Binance XRP Scarcity Index Hits 20-Month Low
XRP is trading at $1.50, down more than 1% over 24 hours, as Binance’s scarcity index signals a sharp reversal in exchange supply...