{"id":439448,"date":"2020-09-23T17:00:25","date_gmt":"2020-09-23T17:00:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=439448"},"modified":"2024-06-11T14:16:46","modified_gmt":"2024-06-11T14:16:46","slug":"how-bitcoins-2020-high-compares-to-past-bull-market-tops","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","title":{"rendered":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d"},"content":{"rendered":"

Bitcoin price suffered a powerful correction from the 2020 high of $12,400<\/a>, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold.<\/p>\n

Although the correction has been steep, the selloff closely resembles the last bull market’s most violent tops. And while sentiment has swiftly shifted bearish, if history repeats, buying even the scariest dips will be incredibly rewarding.<\/p>\n

Crypto Bull Market Tops Match Current Price Action Despite Bearish Sentiment Shift<\/h2>\n

In a bull market, dips are for buying and can lead to enormous ROI. But at this stage of where Bitcoin is in its market cycle, combined with an economic environment full of uncertainty<\/a>, it isn’t clear if the cryptocurrency is fully bullish, or remains in the grasps of a bear market.<\/p>\n

Until a new all-time high is set, the market has more to thaw from the long crypto winter.<\/p>\n

Breaking above $10,000<\/a> is one major step in the right direction for bulls, and holding seven straight retests on daily timeframes above it is the second. All that’s left is confirming the uptrend is intact by setting another new 2020 high.<\/p>\n

But a recent severe selloff from the current high has turned sentiment bearish quickly, prompting investors to fear more downside ahead.<\/p>\n

However, one keen-eyed crypto analyst<\/a> has shared some compelling charts that suggest that the latest top, is just like past bull market tops, and the crypto asset is ready to fly higher.<\/p>\n

\"\"<\/p>\n

BTCUSD Daily Bull Market Top Historical Chart Comparison | Source: TradingView<\/a><\/pre>\n
In the above comparison, the most recent top in Bitcoin price action closely resembles the structure that took Bitcoin out from its bear market bottom the last time around and sent the cryptocurrency toward $20,000.<\/p>\n
Related Reading | Bitcoin Weekly Momentum Flips Bearish For The First Time Since April<\/a><\/strong><\/em><\/p>\n
The below chart shows the same current top juxtaposed next to yet another bull market “top” in Bitcoin price action. After a fall, none of these “tops” ever proved to be actual peaks, and the crypto asset kept on climbing.<\/p>\n
\"\"<\/p>\n
BTCUSD Daily Bull Market Top Historical Chart Comparison| Source: TradingView<\/a><\/pre>\n
Route 128: The Road To Successfully Buying The Dip In Bitcoin?<\/h2>\n
It’s also important to note, that within this crypto analyst’s charts, may also be another sign to look out for that the latest “top” more closely matches that of a bull market peak<\/a>.<\/p>\n
Within each smaller photo above, Bitcoin is holding strong at the 128-day moving average<\/a>. Zooming out to view the bigger picture shows just how important this unusual support line has acted during previous bullish impulses.<\/p>\n
\"bitcoin<\/p>\n
BTCUSD Daily Bull Market Support At 128-Day Moving Average | Source: TradingView<\/a><\/pre>\n
This moving average supported the cryptocurrency’s bullish continuation at each major pullback – pullbacks that closely resemble the one we just had.<\/p>\n
Related Reading | Bitcoin Bouncing From Bull Market Support Points To 2021 As The Year Of Crypto<\/a><\/strong><\/em><\/p>\n
Bitcoin price is currently sitting right smack on the 128-day moving average, so we’ll soon find out if Bitcoin is indeed in a bull market<\/a>, or if the crypto winter is about to get a lot colder.<\/p>\n
Featured image from DepositPhotos, Charts from TradingView<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold. Although the correction has been steep, the selloff closely resembles the last bull market’s most violent tops. And while sentiment has swiftly shifted bearish, if history repeats, buying even the scariest dips will be incredibly rewarding. Crypto Bull Market Tops Match Current Price Action Despite Bearish Sentiment Shift In a bull market, dips are for buying and can lead to enormous ROI. But at this stage of where Bitcoin is in its market cycle, combined with an economic environment full of uncertainty, it isn’t clear if the cryptocurrency is fully bullish, or remains in the grasps of a bear market. Until a new all-time high is set, the market has more to thaw from the long crypto winter. Breaking above $10,000 is one major step in the right direction for bulls, and holding seven straight retests on daily timeframes above it is the second. All that’s left is confirming the uptrend is intact by setting another new 2020 high. But a recent severe selloff from the current high has turned sentiment bearish quickly, prompting investors to fear more downside ahead. However, one keen-eyed crypto analyst has shared some compelling charts that suggest that the latest top, is just like past bull market tops, and the crypto asset is ready to fly higher. BTCUSD Daily Bull Market Top Historical Chart Comparison | Source: TradingView In the above comparison, the most recent top in Bitcoin price action closely resembles the structure that took Bitcoin out from its bear market bottom the last time around and sent the cryptocurrency toward $20,000. Related Reading | Bitcoin Weekly Momentum Flips Bearish For The First Time Since April The below chart shows the same current top juxtaposed next to yet another bull market “top” in Bitcoin price action. After a fall, none of these “tops” ever proved to be actual peaks, and the crypto asset kept on climbing. BTCUSD Daily Bull Market Top Historical Chart Comparison| Source: TradingView Route 128: The Road To Successfully Buying The Dip In Bitcoin? It’s also important to note, that within this crypto analyst’s charts, may also be another sign to look out for that the latest “top” more closely matches that of a bull market peak. Within each smaller photo above, Bitcoin is holding strong at the 128-day moving average. Zooming out to view the bigger picture shows just how important this unusual support line has acted during previous bullish impulses. BTCUSD Daily Bull Market Support At 128-Day Moving Average | Source: TradingView This moving average supported the cryptocurrency’s bullish continuation at each major pullback – pullbacks that closely resemble the one we just had. Related Reading | Bitcoin Bouncing From Bull Market Support Points To 2021 As The Year Of Crypto Bitcoin price is currently sitting right smack on the 128-day moving average, so we’ll soon find out if Bitcoin is indeed in a bull market, or if the crypto winter is about to get a lot colder. Featured image from DepositPhotos, Charts from TradingView<\/p>\n","protected":false},"author":517,"featured_media":439453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1119,1144,82859,78790,6664,4524,76835],"class_list":["post-439448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdc","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nHow Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d<\/title>\n<meta name=\"description\" content=\"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived\" \/>\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\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\" \/>\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=\"2020-09-23T17:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:16:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "The Bull" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "The Bull" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d\",\"datePublished\":\"2020-09-23T17:00:25+00:00\",\"dateModified\":\"2024-06-11T14:16:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\"},\"wordCount\":500,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdc\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Technical analysis\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\",\"url\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\",\"name\":\"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2020-09-23T17:00:25+00:00\",\"dateModified\":\"2024-06-11T14:16:46+00:00\",\"description\":\"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"Buffalo skull in Temple of Thailand\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. 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. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d","description":"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","og_locale":"en_US","og_type":"article","og_title":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d","og_description":"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived","og_url":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-09-23T17:00:25+00:00","article_modified_time":"2024-06-11T14:16:46+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d","datePublished":"2020-09-23T17:00:25+00:00","dateModified":"2024-06-11T14:16:46+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/"},"wordCount":500,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","keywords":["bitcoin","btc","btcusd","btcusdc","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Bitcoin","Cryptocurrency Market News","Technical analysis"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","url":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","name":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","datePublished":"2020-09-23T17:00:25+00:00","dateModified":"2024-06-11T14:16:46+00:00","description":"Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"Buffalo skull in Temple of Thailand"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. 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. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Bitcoin\u2019s 2020 High Compares To Past Bull Market \u201cTops\u201d","url":"http:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdc","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2020-09-23T17:00:25Z","datePublished":"2020-09-23T17:00:25Z","dateModified":"2024-06-11T14:16:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Bitcoin\\u2019s 2020 High Compares To Past Bull Market \\u201cTops\\u201d\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-bitcoins-2020-high-compares-to-past-bull-market-tops\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdc\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2020-09-23T17:00:25Z\",\"datePublished\":\"2020-09-23T17:00:25Z\",\"dateModified\":\"2024-06-11T14:16:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/bitcoin-bull-skulls-Depositphotos_36439761_xl-2015-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/439448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=439448"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/439448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/439453"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=439448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=439448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=439448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}