| Time | Details |
|---|---|
| 2024-09-06 18:00 |
Bitcoin Nearing End of Correction Phase Against S&P 500
According to @CryptoMichNL, Bitcoin's price is down 35% against the S&P 500, which is consistent with previous market cycles. This suggests that Bitcoin is nearing the end of its current correction phase. (Source) |
| 2024-09-07 12:00 |
Bitcoin's Current Cycle Mirrors 2019, Bull Run Expected
According to CryptoMichNL, the Bitcoin chart when valued against the S&P 500 isn't showing much momentum currently. However, it indicates a repetition of the previous cycle, suggesting that we are in a phase similar to the second half of 2019. He predicts that the major bull run is yet to come. (Source) |
| 2024-10-22 19:30 |
Bitcoin's Current Valuation May Indicate Pre-Bull Market Consolidation
According to CryptoMichNL, evaluating Bitcoin at its current price level doesn't align with historical patterns. When comparing Bitcoin's value against the S&P 500 or adjusting for inflation, it appears to follow previous market cycles, suggesting that the bull market hasn't yet begun. This phase is likely a consolidation period, implying that Bitcoin's valuations could rise significantly once the bull market starts. (Source) |