Cryptocurrency Q&A
When did bitcoin start a bull-cycle?
When did bitcoin start a bull-cycle?
BusanBeautyBlooming
Tue Jul 09 2024
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5
answers
1013
Could you elaborate on the timeline of when Bitcoin first entered a bull-cycle? I'm particularly interested in understanding the initial signs that signaled the beginning of this upward trend. Did it follow a significant event, such as a regulatory approval or a major technological breakthrough? Were there any notable patterns in trading volumes or price movements that preceded the bull-cycle? Additionally, how did the market sentiment and investor confidence evolve during this period? I'm keen to gain a deeper understanding of the factors that contributed to the start of Bitcoin's bull-cycle.
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5 answers
Sebastiano
Thu Jul 11 2024
However, October 2015 marked a significant turning point. This month is widely regarded as the beginning of the bull-cycle that led to the cryptocurrency market's explosive growth in 2017.
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RainbowlitDelight
Thu Jul 11 2024
The cryptocurrency market experienced a protracted consolidation phase spanning nearly two years. This period also witnessed a capitulation in the market's downtrend.
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Elena
Thu Jul 11 2024
During this time, investors and traders were cautious, awaiting a potential change in market sentiment. Many were uncertain about the future direction of the market.
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Isabella
Wed Jul 10 2024
Prior to this turning point, Bitcoin's price had been fluctuating within a relatively narrow range from 2013 to 2015. Investors and traders were eagerly watching for any sign of a potential breakout.
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HanjiHandiwork
Wed Jul 10 2024
The bull-cycle that began in October 2015 propelled Bitcoin's price to unprecedented heights. This upward trajectory continued through 2017, with Bitcoin reaching its all-time high price during this period.
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