The survey provides actual figures on a phenomenon we've observed since the cryptocurrency market
bull rally began — namely, that banks are closely examining client interest in the digital asset class to determine an appropriate entry point.
In order words, the market goes up and
a bull rally begins, the market begins to top out, and then a bearish rally will bring the prices back down to a comfortable level.
Not exact matches
During the first weeks of the
bull markets
beginning in 1971, 1982, and 2003 the market
rallied impressively in a short period of time.
Since it's unknown whether the recent advance is a
rally within a bear market or the
beginning of a new
bull market, the market's performance in 2009 is denoted in orange.
The sudden correction earlier this year left many investors wondering whether this
bull market
rally that originally started in 2009, and accelerated after Trump's election, is nearing an end, and if the recent 10 % drop was the
beginning of something more serious.
Low Quality's Round Trip Bad News
Bulls Stock Performance Following the Recognition of Recession The
Beginning of the Middle Experimenting with the Market's Median Valuation Anchored Inflation Expectations and the Expected Misery Index Consumer Spending Break - Down Recessions and the Duration of Bad News Price - to - Sales Ratio May Prove Valuable International Markets Show Important Divergences Fixed Investment and the Technology
Rally Global Yield Curves, Earnings Growth, and Sector Returns Recessions and Stock Prices Adjusting P / E Ratios for the Market Cycle Private Equity and Market Valuation Must Stocks Rise Following a Cut in the Fed Funds Rate?
Three days later, on August 3, bitcoin
bulls began to
rally hard breaking the key $ 2800 resistance barrier.
As CCN reported, the
rally began last week, less than a day after ETC
bull Barry Silbert warned that it was a mistake to ignore the cryptocurrency.
Since the firm believes Bitcoin's
bull market will already be in high gear by the time altcoins
begin to
rally, Tuesday's note advised investors to concentrate their assets in large - cap cryptocurrencies for the time being.