The Bitcoin bull run checklist for 2021 - AMBCrypto Latest Bitcoin Ethereum Exchange Ad Coinbase Language Spanish Japanese Korean Hindi Contact About Us Contact Us Advertise with us Our Authors Connect with us AMBCrypto The Bitcoin bull run checklist for 2021 Latest Ethereum founder announces ‘forge ahead’ steps but ETH is having none of it Bitcoin’s assessment of the last 365 days reveals this about BTC’s future Terra Classic: This crypto exchange CEO endures the heat of LUNC’s 1.2% burn Celsius has temperatures rising as parties claim priority over lost equity Why Terra Classic [LUNC] may be poised for a 10% dump in the next few days Bitcoin Bitcoin’s assessment of the last 365 days reveals this about BTC’s future Bitcoin traders looking to position themselves should read this analysis Bitcoin [BTC] downtrend continues but is it right time to go short Bitcoin [BTC] investors looking for relief might get some after reading this Attention, Bitcoin traders! BTC’s next upswing may depend on this crucial factor Ethereum Ethereum founder announces ‘forge ahead’ steps but ETH is having none of it Ethereum’s ongoing price plunge can be a result of this ‘ghost from ETH’s past’ Reasons why Ethereum traders may witness short-term gains this weekend As Ethereum Classic stands up for grabs, bears choose ETC for their next feast ETH’s upsetting post-Merge performance could have a lot do with this one factor Exchange Ad Coinbase Language Spanish Japanese Korean Hindi Contact About Us Contact Us Advertise with us Our Authors Bitcoin The Bitcoin bull run checklist for 2021 Published 2 years ago on February 1, 2021 By Ekta Mourya Source: Unsplash Apart from the on-chain factors that drive Bitcoin’s bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban in India, the Chinese new year FUD, exchange outages like Coinbase and Binance, and altcoin price rallies, etc. Once the sell-off got triggered in Asia, Bitcoin inflow into exchanges is expected to increase considerably. In a recent blog on WOAS, Scott Melker emphasizes how sentiment may be everything when it comes to Bitcoin’s bull run. The sentiment has largely remained the same throughout the current market cycle. In the absence of a cascading sell-off, it has remained positive on exchanges. In that case, there is increased selling pressure due to an increase in active supply. However, after a correction, the bullish price trend may carry forward. Previously, the 2017 bull run had over 9 drops, before the price hit an ATH. If it followed the same trend, then the bull run may continue. Institutional demand is expected to continue rising as the price rallies. In an edited transcript of the VN earnings call, he suggests, “no reason why we cannot add it to our network, which already supports over 160 currencies”. The price has come a long way from the historic drop of 80% in 2018 and the Black Thursday in 2020. Narratives like digital gold and hedge against inflation have driven the price up to the current price level. If this continues, and once price discovery starts after $40000, $50000 may become an easy price target to achieve before August 2021, based on the S2F model. Source: Fear & Greed Index The Fear & Greed Index considered a strong signal of the market sentiment. It currently shows extreme greed. Most price predictions based on the coin’s technical analysis have placed the asset anywhere between $50k to a whopping $300k. The last time, the price approached $15k, there were expectations of the price hitting $100k, considering $20k was just a short-term top, the same may happen this time around. As the price crossed $20k and price discovery started, the S2F model became more relevant. Nearly everything has been ticked on the bull run checklist and this could mean that it continues. Read the best crypto stories of the day in less than 5 minutes Subscribe to get it daily in your inbox. Please select your Email Preferences. The Daily Digest The Weekly Digest Related Topics:bitcoin 2021Bitcoin price rallyBTC 2021institutional investors Up Next Ethereum is an ‘unfinished product’ according to this analyst, here’s why Don't Miss Ethereum Price Analysis: 31 January Ekta Mourya Ekta is a full-time journalist at AMBCrypto and her specialization lies in spot markets. Currently pursuing her MBA, she is passionate about trading, fintech, and everything decentralized. 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