{"id":382217,"date":"2019-05-14T20:00:59","date_gmt":"2019-05-14T20:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=382217"},"modified":"2024-06-11T13:39:51","modified_gmt":"2024-06-11T13:39:51","slug":"crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet\/","title":{"rendered":"Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet"},"content":{"rendered":"<p>The <a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/what-has-caused-bitcoin-to-go-parabolic-in-second-thousand-dollar-day-this-week\/\">parabolic rise in Bitcoin price<\/a> over recent weeks has <a href=\"https:\/\/uniquehot.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">shocked the entire crypto market<\/a>, as the leading cryptocurrency by market cap revives memories of its media-fueled meteoric rise to its all time high price of $20,000 in late December 2017.<\/p>\n<p>Following the break of that famous parabolic advance, <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> ping ponged between decreasingly lower resistance levels and support at $6,000, until that support broke in November 2018. Once the crypto asset broke below $6,000 it reached what one crypto analyst calls the \u201cideal buying zone\u201d \u2013 a zone the price per BTC has now left, making it the shortest time the cryptocurrency has ever spent in accumulation before resuming a bull cycle.<\/p>\n<h2>Bitcoin Says Bye-Bye to Ideal Buying Zone, Spends Its Shortest Visit Yet<\/h2>\n<p>After Bitcoin broke below the repeatedly tested support at $6,000, the market panicked and a violent selloff ensued. The price per BTC was taken low enough to reach what prominent crypto analyst <a href=\"https:\/\/twitter.com\/davthewave\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Dave the Wave<\/a> calls the \u201cideal buying zone\u201d in Bitcoin price charts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BTC outside the ideal buying zone. <a href=\"https:\/\/t.co\/LmJLAqMW9Q\" rel=\"nofollow\">pic.twitter.com\/LmJLAqMW9Q<\/a><\/p>\n<p>&mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) <a href=\"https:\/\/twitter.com\/davthewave\/status\/41002752?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During the previous bear and bull market cycle of 2014-2015, crypto analyst\u2019s best chance at discovering repeating patterns, Bitcoin spent two full years in the buy zone. Bitcoin also had a one-year stint in this zone from 2012 to 2013.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience<\/a><\/strong><\/em><\/p>\n<p>But because Bitcoin left the 2018-2019 bear market lows so quickly, the leading crypto asset by market cap spent its shortest time ever in the \u201cideal buying zone\u201d outlined by the <a href=\"https:\/\/uniquehot.com\/2019\/05\/10\/crypto-analyst-bitcoin-macd-histogram-more-extended-than-during-previous-bull-cycle\/\">long-term chartist<\/a>. This time around, BTC barely spent over six months in the zone highlighted for its ability to bring long-term investors the best returns.<\/p>\n<p>The relative ease and speed that <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> has left the depths and doldrums of the bear market has shocked just about everyone paying close enough attention to the emerging financial asset. After the severity of the longest bear market on record and the violent selloffs that led Bitcoin to its eventual bottom at $3150, any uptrend was bound to be met with disbelief from scorn investors who have become accustomed to falling crypto prices. But a rally that took Bitcoin from $4,200 to over $8,000 in a little more than a month was unlike anyone ever expected.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/13\/10000-bitcoin-price-key-level-to-trigger-widespread-public-fomo\/\">$10,000 Bitcoin Price Key Level To Trigger Widespread Public FOMO<\/a>\u00a0<\/strong><\/em><\/p>\n<p>Bitcoin continues to take out each new resistance level and at its current rate, could test $10,000 in the coming days. The bullish momentum driven by increase institutional interest and sidelined money re-entering the market has sparked widespread FOMO across the market not seen since the 2017 crypto hype bubble. With such exuberance back in the crypto market, Bitcoin potentially reaching a new all-time high before the close of the year, is now a very real possibility that\u2019s back on the table.<\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The parabolic rise in Bitcoin price over recent weeks has shocked the entire crypto market, as the leading cryptocurrency by market cap revives memories of its media-fueled meteoric rise to its all time high price of $20,000 in late December 2017. Following the break of that famous parabolic advance, Bitcoin price ping ponged between decreasingly lower resistance levels and support at $6,000, until that support broke in November 2018. Once the crypto asset broke below $6,000 it reached what one crypto analyst calls the \u201cideal buying zone\u201d \u2013 a zone the price per BTC has now left, making it the shortest time the cryptocurrency has ever spent in accumulation before resuming a bull cycle. Bitcoin Says Bye-Bye to Ideal Buying Zone, Spends Its Shortest Visit Yet After Bitcoin broke below the repeatedly tested support at $6,000, the market panicked and a violent selloff ensued. The price per BTC was taken low enough to reach what prominent crypto analyst Dave the Wave calls the \u201cideal buying zone\u201d in Bitcoin price charts. BTC outside the ideal buying zone. pic.twitter.com\/LmJLAqMW9Q &mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) May 14, 2019 During the previous bear and bull market cycle of 2014-2015, crypto analyst\u2019s best chance at discovering repeating patterns, Bitcoin spent two full years in the buy zone. Bitcoin also had a one-year stint in this zone from 2012 to 2013. Related Reading | Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience But because Bitcoin left the 2018-2019 bear market lows so quickly, the leading crypto asset by market cap spent its shortest time ever in the \u201cideal buying zone\u201d outlined by the long-term chartist. This time around, BTC barely spent over six months in the zone highlighted for its ability to bring long-term investors the best returns. The relative ease and speed that Bitcoin has left the depths and doldrums of the bear market has shocked just about everyone paying close enough attention to the emerging financial asset. After the severity of the longest bear market on record and the violent selloffs that led Bitcoin to its eventual bottom at $3150, any uptrend was bound to be met with disbelief from scorn investors who have become accustomed to falling crypto prices. But a rally that took Bitcoin from $4,200 to over $8,000 in a little more than a month was unlike anyone ever expected. Related Reading | $10,000 Bitcoin Price Key Level To Trigger Widespread Public FOMO\u00a0 Bitcoin continues to take out each new resistance level and at its current rate, could test $10,000 in the coming days. The bullish momentum driven by increase institutional interest and sidelined money re-entering the market has sparked widespread FOMO across the market not seen since the 2017 crypto hype bubble. With such exuberance back in the crypto market, Bitcoin potentially reaching a new all-time high before the close of the year, is now a very real possibility that\u2019s back on the table. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":382261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,679,6664,24132,39598],"class_list":["post-382217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-crypto","tag-dave-the-wave","tag-ideal-buying-zone"],"acf":[],"yoast_head":"\n<title>Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet<\/title>\n<meta name=\"description\" content=\"The parabolic rise in Bitcoin price over recent weeks has shocked the entire crypto market, as the leading cryptocurrency by market cap revives memories\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet\" \/>\n<meta property=\"og:description\" content=\"The parabolic rise in Bitcoin price over recent weeks has shocked the entire crypto market, as the leading cryptocurrency by market cap revives memories\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-14T20:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:39:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-buy-zone-crypto-shutterstock_1007195680.jpg?fit=2600%2C1733\" \/>\n\t<meta property=\"og:image:width\" content=\"2600\" \/>\n\t<meta property=\"og:image:height\" content=\"1733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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