Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • News

Bitcoin Parabolic Movement of 2015 is Still Intact –Co-founder at Adamant Capital

Solomon Odunayo November 23, 2019 3 min read
Bitcoin Parabolic Movement of 2015 is Still Intact –Co-founder at Adamant Capital

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been experiencing huge price retracement over the past few months since it last recorded its yearly high of latively $13,800 in June 2019. Bullish predictions of many crypto analysts seem to have faltered, and this has fuelled a widespread FUD within the crypto community.

In this situation, there is need for an in-house crypto maximalist with the historical knowledge of the price trend of Bitcoin to enlighten the newcomers in the cryptocurrency ecosystem.


trade now

This could have prompted the popular Co-founder of Adamant Capital, Tuur Demeester, to share optimistically that the parabolic price movement which Bitcoin embacked upon in 2015 is still intact.

Bitcoin Parabolic Movement of 2015 Still in Play

Tuur Demeesters, the Co-founder at Adamant Capital has been one of the influencers and supporters of Bitcoin, the first digital currency, over the years.

He recently displayed his usual solidarity towards promoting the course of BTC as the digital token struggles to impress presently in the market.

In the tweet shared with his over 200 thousand followers, he noted that Bitcoin enbarked on a price uptrend in January 2015, assuring that the parabolic movement started then by BTC still remains intact despite the obvious bearish display of the digital currency lately.

Captioning a chart that clarifies the price parabolic movement, he said, “Bitcoin’s parabolic uptrend which started in January 2015 is still intact. Now nearly touching support again, for the first time since March 2019. #buythedip.”

https://twitter.com/TuurDemeester/status/1197934885287211008

Bitcoin Approaching Maturity Phase

In another tweet, Tuur Demeester pointed at the possible cause of the price downtrend of BTC at the moment.

He noted that Bitcoin is starting to approach maturity or saturation phase. This he said caused the unimpressive price trend of BTC, altering the parabolic trendlines in the process. Conclusively, he opined that this does not imply that Bitcoin is totally out of bull market.

He said, “It’s important to note that, as Bitcoin slowly approaches maturity/saturation, its price uptrend will gradually slow down, which causes parabolic trendlines to fail. In other words, a violation of the trendline above won’t be proof that the secular bull market in bitcoin is dead”.

Bitcoin (BTC) in the Market

The determined bears are actually beating the bulls behind the consistency of Bitcoin (BTC) in terms of price growth.

A few hours ago, Bitcoin price dropped below $7,000 support level before experiencing a slight price resurgence few minutes later to settle above $7,000 once again.

At the time of filing this report, BTC is trading at $7,269.99, with about 5% price downtrend in the last 24 hours. Virtually all other top cryptocurrencies have lost a huge part of their prices over the past hours.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Bitcoin is Absolutely Political – Founder at Atlantic Financial Explains
Next: Bitcoin (BTC) Primary Function is “F*ck You Money” –Jameson Lopp Explains

Related Stories

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • Metaverse
  • News
  • Regulation
  • Scam / Hack
  • Web3

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,455.00
-1.94%
ethereum
Ethereum (ETH)
$1,638.10
-2.07%
tether
Tether (USDT)
$1.00
0.01%
binancecoin
BNB (BNB)
$320.41
-0.26%
usd-coin
USD Coin (USDC)
$1.00
0.09%
ripple
XRP (XRP)
$0.408265
-1.20%
binance-usd
Binance USD (BUSD)
$1.00
-0.11%
cardano
Cardano (ADA)
$0.399546
-2.12%
dogecoin
Dogecoin (DOGE)
$0.090859
-4.19%
polkadot
Polkadot (DOT)
$6.55
0.10%

Recent Posts

  • Trade.com Review – Is Trade.com Scam or a Proper Broker?
  • Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX

Categories

You may have missed

Trade.com Review – Is Trade.com Scam or a Proper Broker?
4 min read
  • Cryptocurrency Brokers

Trade.com Review – Is Trade.com Scam or a Proper Broker?

February 3, 2023
Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • Metaverse
  • News
  • Regulation
  • Scam / Hack
  • Web3

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%