Categories: Bitcoin Business

BTC Capitulation Stage is Over. New Bullish Trend is Expected, Adamant Capital Reports

Click here to view original web page at

Bitcoin (BTC) is approaching an exciting stage for hodlers and enthusiasts because after testing the 5k zone, there don’t seem to be any immediate signs of a drop in price. This stability pattern after the downtrend of 2018 has led many analysts to conclude that the bearish trend is over, and Adamant Capital has issued a report providing sufficient arguments to support this idea.

The team fund owned by the well-known analyst and CT influencer Tuur Demeester explained that over time, BTC has gone through a cycle of bullish and bearish euphoria, among which several identifiable stages make it possible to calculate when a trend shift is likely to happen. According to the report, a few months ago, the crypto market began to show signs of capitulation – which is the stage prior to the beginning of the bullish period.

Most investors didn’t want to hear about the possibility of a strong decline or a year-long bear market, as illustrated by the backlash generated by sober analyses. At the time, we thought there was still too much hope and fear in the market to call a bottom … In the depth of a bear market people don’t feel hope and fear. Capitulation is about disgust, indifference and a loss of hope

The market experienced this stage just when BTC broke the 6k support and started a slide towards the 3k. The Adamant Capital team comments they received so many negative responses they were able to conclude that fear and hope turned into disgust and apathy, giving a clear sign of capitulation in the market.

There is Light at The End of The Tunnel for BTC hodlers

However, this decline appears to be natural and cyclical. On previous occasions very similar scenarios occurred. Adamant Capital explains that after capitulation comes a period of hope, which in turn precedes a period of optimism. They explain that the recent rise in BTC prices put an end to capitulation and started the period of optimism in which there is a strong accumulation of token by powerful investors.

The recent price rally from $4000 to over $5000 markedly improved HODLer’s Unrealized P&L, improving our reported sentiment value from capitulation to hope

Adamant Capital believes that hodlers are gradually returning to cryptomarkets, which is good news for investors as the number of hodlers increases, the value of tokens in circulation tends to increase.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Authorities Bust Illegal Crypto-Mining Lab In Nuclear Power Plant

Ukrainian news media is reporting that last month an illegal cryptocurrency mining operation was discovered and confiscated on the site… Read More

6 hours ago

Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency

While Jerome Powell's highly anticipated Jackson Hole speech was, in the words of Brean Capital's Russ Certo "underwhelming and anti-climatic",… Read More

6 hours ago

Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests

Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an… Read More

6 hours ago

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions… Read More

6 hours ago

Analyst Says Bitcoin Is About to Seriously Impress Us

As of late, bitcoin – the granddaddy of all crypto – is once again experiencing small bursts of bearish behavior.… Read More

6 hours ago

Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China's latest taunt, in which it warned it would "fight to the end"… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More