{"id":114572,"date":"2020-11-18T16:00:00","date_gmt":"2020-11-18T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isnt-like-2017\/"},"modified":"2020-11-18T16:00:00","modified_gmt":"2020-11-18T13:00:00","slug":"this-time-is-different-10-bitcoin-charts-show-that-this-rally-isnt-like-2017","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isnt-like-2017\/","title":{"rendered":"# &#8216;This time is different&#8217; \u2014 10 Bitcoin charts show that this rally isn&#8217;t like 2017"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e767af117\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e767af117\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isnt-like-2017\/#10_charts_highlight_%E2%80%9Cclear_improvements%E2%80%9D\" >10 charts highlight &#8220;clear improvements&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isnt-like-2017\/#%E2%80%9CThe_fascination_has_worn_off%E2%80%9D_%E2%80%94_Analyst\" >&#8220;The fascination has worn off&#8221; \u2014 Analyst<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># &#8216;This time is different&#8217; \u2014 10 Bitcoin charts show that this rally isn&#8217;t like 2017  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally.<\/p>\n<p>In a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/medium.com\/@nic__carter\/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804\">blog post<\/a> on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts which as of this week are higher than ever. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"10_charts_highlight_%E2%80%9Cclear_improvements%E2%80%9D\"><\/span>10 charts highlight &#8220;clear improvements&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin is outperforming on a historic level.<\/p>\n<p>\u201cTo sum up, today\u2019s market is far more mature, more financialized, more surveilled, more orderly, more restrained, less reflexive, more capital-efficient, and more liquid than the market that powered the prior bull run in 2017,\u201d Carter summarized.<\/p>\n<blockquote><p>\u201cIn these nine charts, I covered a variety of factors where clear improvements are manifestly present when we compare today\u2019s market environment with the bull run of yesteryear.\u201d<\/p><\/blockquote>\n<p><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1328998372334833665\">PlanB<\/a>, creator of the stock-to-flow Bitcoin price models, supplied one more metric \u2014 Bitcoin\u2019s fundamental 200-week moving average.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/a148d57b-eb58-4f9d-8025-7125c9ebf973.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin 200-day moving average with halving events. Source: PlanB\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>All serve to differentiate the Bitcoin of 2020 with that of three years ago, when a fervent few weeks at the end of Q4 produced fleeting all-time highs near $20,000.<\/p>\n<p>As Cointelegraph reported, the past few days has produced a fresh round of bullish price predictions from well-known sources, who claim that $20,000 will not act as a ceiling this time around, and that breaking it will allow the bull run to continue. <\/p>\n<p>For 2021, entities from crypto investors to traditional banks have given sky-high price targets, among them Citibank\u2019s $318,000 punt by year end. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_fascination_has_worn_off%E2%80%9D_%E2%80%94_Analyst\"><\/span>&#8220;The fascination has worn off&#8221; \u2014 Analyst<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yet not everyone is so optimistic. Even as $18,000 became reality this week, one strategist told mainstream media that the lack of publicity Bitcoin is getting is proof that interest has died.<\/p>\n<p>\u201cThe fascination with it has worn off,\u201d Kathy Jones, chief fixed income strategist for Schwab Center for Financial Research, declared to <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-16\/bitcoin-s-gunning-for-a-record-and-no-one-s-talking-about-it?sref=323RPL5z\">Bloomberg<\/a>.<\/p>\n<blockquote><p>\u201cYou have the hardcore \u2018I\u2019m a cryptocurrency investor\u2019 group but it hasn\u2019t really expanded because it\u2019s been so volatile, there have been so many questions around security and what regulations might do. The number of questions I get on it now is a fraction of what I got a couple of years ago when it was really hot.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>The perspective underscores the divide between those within the cryptocurrency sphere and those outside it, the latter still convinced that 2017 marked the peak of the Bitcoin \u201cfad.\u201d<\/p>\n<p>\u201cThe $20,000 level is clearly the next target for bitcoin. Should we surpass that this year, which I believe is possible, then we are into uncharted territory as sentiment remains positive,\u201d Simon Peters, cryptoasset analyst at multi-asset investment platform eToro, commented to Cointelegraph. <\/p>\n<blockquote><p>\u201cBitcoin\u2019s maturity, evidenced by the diversity of its investors and extensive and wide-ranging data sets, mean that we can say with some trepidation, \u2018This time is different\u2019.\u201d<\/p><\/blockquote>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isn-t-like-2017\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# &#8216;This time is different&#8217; \u2014 10 Bitcoin charts show that this rally isn&#8217;t like 2017 &#8221; Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally. In a blog post on Nov. 17, Nic Carter, co-founder&#8230;<\/p>\n","protected":false},"author":1,"featured_media":114573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/f4eb8eb2-42e3-487f-9c4e-f9052c4ff074.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-114572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=114572"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/114573"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=114572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=114572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=114572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}