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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • 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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Bitcoin Price Technical Analysis for 05/09/2018 – Potential Reversal Signal?

newsbtc
newsbtc
1 year ago
2 mins read
technical analysis bitcoin

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.

Bitcoin Price Key Highlights

  • Bitcoin price could be due for a drop as a double top can be seen on its 4-hour chart.
  • Price has yet to test and break below the neckline around $9,000 to confirm this potential selloff.
  • If so, it could fall by the same height as the formation, which spans $9,000 to $10,000.

Bitcoin price is forming a double top on its 4-hour time frame to signal that bears are ready to jump back in.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on the 4-hour time frame so the path of least resistance is still to the upside. This suggests that it’s possible for the uptrend to resume at this point.

However, bitcoin price is breaking below the 100 SMA dynamic support to signal a pickup in selling momentum. A break below $9,000 could send it down to $8,000 or until the 200 SMA dynamic inflection point closer to $8,500.

Stochastic is starting to move up from the oversold region but is showing hesitation and is turning back down. This suggests that sellers might still have enough energy to push for more losses. RSI also has some room to fall, so bitcoin price could follow suit.

Market Factors

By the looks of it, bitcoin price is still reeling from negative remarks by Warren Buffet and Bill Gates who cast doubts on the cryptocurrency’s ability to retain its value. To top it off, rising geopolitical tensions on Trump’s decision to exit the Iran deal are also weighing on risk sentiment and demand for bitcoin.

On a more upbeat note, NYSE parent company ICE is slated to launch a bitcoin exchange that could enable its clients to take advantage of the price changes, thereby leading to a boost in liquidity and activity. This platform reportedly aims to offer traders a swap contract that will allow clients to get their hands on Bitcoin the following day.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published.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

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

Bitcoin news

The ‘Once A Decade’ Bitcoin Moment No One Sees Coming

A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and...

Jake Simmons 4 hours ago
shiba-inu-october-rally-heats-up-snorter-meme-bot-presale-4m-25-days-left

柴犬幣10月行情熱度回升 Snorter迷因機器人預售倒數25天突破400萬美元

柴犬幣(SHIB)自2021年創下50萬倍漲幅後,儘管目前價格回落至0.0000121美元上下,但其作為模因幣文化元祖的地位未曾被撼動。2025年10月,加密市場在比特幣與以太坊進入高位盤整的背景下,...

Peter Chow 4 hours ago
Bitcoin Price Struggles Again

Bitcoin Price Struggles Again – Will Bears Push Price Into Deeper Decline Soon?

Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test...

Aayush Jindal 4 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

Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 10 minutes ago
stellar xlm xlmusd

Stellar (XLM) Shows Signs of Strength: Analysts See $0.5 Target in Play

James Halver 2 hours ago
hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

Peter Chow 3 hours ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    9 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    9 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    12 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago

Newsletter

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.