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Bitcoin: 500 more days of bull cycle
Bitcoin: 500 more days of bull cycle
Bitcoin

Bitcoin: 500 more days of bull cycle

By Amelia Tomasicchio - 16 Jun 2020

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According to a TradingView analyst, the current Bitcoin (BTC) bull cycle will last another 500 days.

BTC tradingview

“Based on the above ratio and with the 3rd Halving scheduled on May 12th, 2020, we can calculate that the first phase (51%) of the current Bull Cycle will last around 520 days (Bottom made on December 15th 2018). The 49% which based on the previous two cycles has been the second phase should therefore last around 505 days, placing the Top of the current Bull Cycle in early October 2021! This means that there are around 600 days of Bull Cycle left”, explains the analyst on TradingView.

Ethereum moves in a triangle

As far as ETH is concerned, another analyst explains that there is no guarantee that the bull market is over, but it is certainly undergoing a correction. 

ETH tradingview

“At the moment it is not confirmed that the bull-market is completely over but it is definitely within the possible spectrum that there comes a smaller or bigger correction before moving upward when looking at the overall cryptocurrency-space environment, in order to not get surprised by such a movement we should be arranged rightfully to wage the possibilities arising in a genuine manner”, said the analyst

Cartesi: 144% target

Another interesting analysis on TradingView is the one related to the Cartesi project (CTSI), which focuses on building an ecosystem for dApps, decentralized applications based on this blockchain.

cartesi tradingview

The project was born in 2017 and has already developed a first dApp, while in the near future the roadmap foresees the publication of the SDK documentation.

According to the analyst, the price of CTSI could rise as high as 144%.

“Cartesi is building an operating system for dApps. The project enables complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization,” explained the trader

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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