NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Bitcoin Price Watch; Trading The Overnight Fallout

Samuel Rae
Samuel Rae
1 year ago
2 mins read
Trend

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It’s Wednesday morning and what a 24 hours we’ve had with the bitcoin price. In last night’s analysis we set up some levels that we thought might be relevant as far as executing on a short term breakout strategy was concerned and left ahead of the US evening session with a pretty bullish outlook on what was to come.

We left our desks, had our buy orders in place and shut down for the evening.

Fast forward 24 hours and everything is moving.

Jamie Dimon, the guy at the helm of JP Morgan, has said that bitcoin is doomed to failure. This is wrong, of course, but guys like him have a pretty big swing in the financial world and many of those holding have picked up on his sentiment and run for the exit.

Price is down below $4,000 for the first time in a while and it’s looking like we may see a bit more weakness before things bottom out.

We’ve got to remember these are temporary blips and the opinion of one man that has gotten it wrong so many times before shouldn’t sway overarching sentiment.

So how does all this play into our intraday strategy today?

Well, it means we’re almost certainly in for some volatility.

Take a look at the chart below before we get started so as to get an idea what’s on and where things stand right now.

As the chart shows, the range we are using for the session tonight is defined by support to the downside at 3889 and resistance to the upside at 3971. If we see price break up above resistance, we will enter long on a close above that level towards a target of 4030. Conversely, a close below support will have us in short towards a downside target of 3850.

Let’s see what happens.

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Comments 3

  1. bitfur says:
    8 years ago

    is everyone jamie ‘s pet , the person never invested he said something and people panic , will he give you the compensation for loss you sold at low and then see the price back on track, he will just buy some silently
    these people are clever they know market is eyeing on them so they say what they could benefited from , they earn for themself not you , beat that person if bitcoin price go above 5000

    Reply
    • Andy De says:
      8 years ago

      ABSOLUTELY CORRECT my friend. It’s a different type of GAME these some FANCY people play and make the most of it for their own profits. Even a 500-600 USD drop in a price in a single day would let millions of dollars profit for big fish from their kind of purchase power in this space. We should not fall prey for such hoax or tricks and sell out in loss. BTC is long run horse with unimaginable benefits technology wise, financial wise in coming YEARS.

      Reply
  2. Luciano Canzanella says:
    8 years ago

    This guy was probably shorting bitcoin and wanted to make a quick million

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 3

  1. bitfur says:
    8 years ago

    is everyone jamie ‘s pet , the person never invested he said something and people panic , will he give you the compensation for loss you sold at low and then see the price back on track, he will just buy some silently
    these people are clever they know market is eyeing on them so they say what they could benefited from , they earn for themself not you , beat that person if bitcoin price go above 5000

    Reply
    • Andy De says:
      8 years ago

      ABSOLUTELY CORRECT my friend. It’s a different type of GAME these some FANCY people play and make the most of it for their own profits. Even a 500-600 USD drop in a price in a single day would let millions of dollars profit for big fish from their kind of purchase power in this space. We should not fall prey for such hoax or tricks and sell out in loss. BTC is long run horse with unimaginable benefits technology wise, financial wise in coming YEARS.

      Reply
  2. Luciano Canzanella says:
    8 years ago

    This guy was probably shorting bitcoin and wanted to make a quick million

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

After weeks of whisper-quiet consolidation, Ethereum has finally found its voice, roaring through a historically thin price zone with conviction....

Godspower Owie 1 hour ago

How a Single Burn Sparked a Frenzy: $FUN Skyrockets Towards 500% After 25 Million Tokens Burn

Few events in crypto can ignite a market rally quite like a well-timed burn. For FUNToken, the June 24 announcement...

NewsBTC 2 hours ago
Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin volatility is back on the rise after a dramatic week of price action. On Monday, BTC surged to a...

Sebastian Villafuerte 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH?

Scott Matherson 26 minutes ago

Deepseek crypto prediction despre proiecte cu potențial

Elvira C. 46 minutes ago
MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

PR Desk 1 hour ago

Premium Sponsors

Press Releases

  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    10 minutes ago
  • 2 криптовалути с небесни оценки...

    3 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    3 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    3 hours ago
  • 新しい仮想通貨|ビットコインの強気相場に乗るための注目トークン

    ...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.