If 2018 Repeats Itself, Final Three Months of 2022 Could Be Brutal for Bitcoin CoinMarketCap

Four years ago, Bitcoin traded steadily for months after a brutal pullback from $20,000. But in the blink of an eye, it then collapsed by another 50% ?

Four years ago, Bitcoin traded steadily for months after a brutal pullback from $20,000. But in the blink of an eye, it then collapsed by another 50%.

It’s the start of a brand-new month — but according to some crypto analysts, Bitcoiners shouldn’t be feeling too confident.One of them is il Capo of Crypto, who shared charts comparing BTC’s current setup with four years ago.After the world’s biggest cryptocurrency hit a then all-time high of $20,000 back in December 2017 — painful sell-offs were seen.

For most of 2018, BTC had managed to remain above $6,000 — fueling optimism that this would be the bear market bottom.But the middle of November sparked yet another brutal correction, and by December of that year, Bitcoin was languishing at $3,200.Parallels are now being drawn to 2022. After hitting lows of $17,708.62 back in June, BTC has been trading in a relatively tight range.

Blinken marks four years since Khashoggi murder LAFC defeats Portland to clinch its second Supporters’ Shield in four years Four Deaths Linked to Hurricane Ian Reported in North Carolina Union crushed by Charlotte FC, 4-0, in worst loss of season

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Blinken marks four years since Khashoggi murderSecretary of State Antony Blinken commemorated the 4th anniversary of Washington Post journalist Jamal Khashoggi’s murder today, saying it represented ‘an attack on freedom of expression everywhere.’ Trump and Jared did too by cashing another check from the Saudis! The international community must stand strong against corrupt dictators murdering their opposition – Putin, Lukashenko, MBS, Kim Jong-Un. Navalny Khashoggi KimJong-nam

LAFC defeats Portland to clinch its second Supporters’ Shield in four yearsDenis Bouanga scored his first Major League Soccer goal in stoppage time and LAFC clinched the Supporters’ Shield with a 2-1 victory over the Portland Timbers.

Four Deaths Linked to Hurricane Ian Reported in North CarolinaFour deaths related to Hurricane Ian have been reported in North Carolina since Friday morning, three from traffic accidents and one from carbon-monoxide poisoning caused by a generator, according to a statement Saturday from Gov. Roy Cooper’s office. Motorists who were killed included a 24-year-ol It was covid who caused the hurricane. Getting the vaccine would save lives

Union crushed by Charlotte FC, 4-0, in worst loss of seasonDaniel R?os scored all four goals for Charlotte as the Union conceded four goals for the first time in over three years.

Four weddings and the playoffs: These Houston Dash players are also brides-to-beLast weekend the Houston Dash hosted a surprise bridal shower at PNC Stadium for four players who are balancing training, practice, game-day travel and wedding planning.

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Google Podcasts It's the start of a brand-new month — but according to some crypto analysts, Bitcoiners shouldn't be feeling too confident.Axios on linkedin Axios on email Antony Blinken speaks during a press conference at the State Department on Sept.Print PORTLAND, Ore.Hurricane Ian Latest News: Storm Makes Landfall in South Carolina, Florida Death Toll Grows Last Updated: Oct 1, 2022 at 5:11 pm ET Live coverage as Ian makes landfall again after wreaking havoc in Florida and leaving at least 21 people dead.

One of them is il Capo of Crypto, who shared charts comparing BTC's current setup with four years ago. After the world's biggest cryptocurrency hit a then all-time high of $20,000 back in December 2017 — painful sell-offs were seen. Photo: Nicholas Kamm/AFP via Getty Images Secretary of State Antony Blinken commemorated the fourth anniversary of Washington Post journalist Jamal Khashoggi’s murder on Sunday, saying it represented “an attack on freedom of expression everywhere. For most of 2018, BTC had managed to remain above $6,000 — fueling optimism that this would be the bear market bottom. It is LAFC’s second Supporters’ Shield in four years. But the middle of November sparked yet another brutal correction, and by December of that year, Bitcoin was languishing at $3,200. What they’re saying: ” Jamal Khashoggi’s murder 4 years ago was also an attack on freedom of expression everywhere,” Blinken tweeted . Parallels are now being drawn to 2022.

After hitting lows of $17,708. The big picture: Despite once vowing to make Saudi Arabia a “pariah,” President Biden visited the kingdom in July as part of an effort to recalibrate U. The Timbers (11-9-13) will still need to win or draw their final match at Real Salt Lake next weekend on Decision Day to determine if they will have a spot in the playoffs.62 back in June, BTC has been trading in a relatively tight range. Bitcoin has been struggling to remain above the psychologically significant threshold of $20,000.-Saudi relations. Warning what could lie ahead, il Capo of Crypto tweeted: "New lows are likely this year. Portland was undefeated in its previous nine there." In the 12 months after reaching $20,000 in 2017, Bitcoin languished by 85% and plunged to lows of $3,200.

A similar contraction now would take BTC from highs of $68,700 last November to just $10,305. However, not everyone subscribes to the view that this is inevitable. Dairon Asprilla pulled the Timbers even with a header from the center of the box in the 81st minute. They argue growing maturity in the crypto markets means that BTC has been witnessing less volatility to the upside during bull runs — and on the flipside, this should make bearish routs less brutal. Pound Regains Its Footing In other developments, the British pound rallied on Monday after the government performed a humiliating U-turn on controversial proposals in its mini-budget. The markets had been spooked after U. Bouanga, a designated player from France, secured the Shield with his goal in the fifth minute of stoppage time.

K. Prime Minister Liz Truss had unveiled plans to slash the highest rate of income tax from 45% to 40% — a move that would have benefitted top earners. Sterling fell to a record low against the U. LAFC hosts Nashville next Sunday and Portland travels to RSL.S. dollar in the immediate aftermath of this policy, prompting calls for a reversal as a matter of urgency.

Confronted with the prospect of a rebellion, Chancellor Kwasi Kwarteng confirmed that the tax cut was being abandoned — amid fears it was unfair on everyday consumers struggling with the cost-of-living crisis. He said: "We get it, we have listened." While BTC/USD is up 0.05% over the past 24 hours, the currency moves mean BTC/GBP is down 0.29%.

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