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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Prominent Analyst: Crypto Market is Undergoing a Clear Breakout

Nick Chong
Nick Chong
6 years ago
3 mins read
Crypto

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.

After months in a seemingly endless downtrend, which saw the aggregate value of all crypto assets see a 75% haircut, analysis done by one of this industry’s best illustrates the fact that this market could finally be undergoing a breakout.

“Output: Bullish”

Contrary to popular belief, the crypto market’s relative non-action, which saw the volatility levels of the stocks of Amazon (AMAZ), Netflix (NFLX), Nvidia (NVDA), surpass that of Bitcoin (BTC), may be aiding the long-term prospects of this decade-old asset class.

Seemingly touching on this point, Crypto Rand, a prominent cryptocurrency analyst, trader, and advisor, recently took to Twitter convey two charts pertaining to the market capitalization of all crypto assets in circulation. The charts, which highlighted the 18-month logarithmic and linear performance of this market, indicated that crypto is finally breaking out of a colossal falling wedge.  The wedge under Rand’s analysis, which formed in mid-January 2018, was just six weeks away from its inflection point, making this breakout one of great importance.

But, unlike normal breakouts, the one that Rand highlighted wasn’t catalyzed by a strong move to the upside, but rather, the stagnation of prices.

Overview of #CryptoCurrencies market cap in both Log & Linear scale.

Showing a clear breakout in both perspectives.

Output: Bullish.#Bitcoin #Blockchain #Trading pic.twitter.com/F7nmETGcwn

— Crypto Rand (@crypto_rand) November 5, 2018

Regardless, the crux of the prominent analyst’s point is that the bears seem to be preparing for hibernation, so to speak, while the bulls come round the corner. As Rand put it, “Output: Bullish.”

Vildana Hajric, an analyst at Bloomberg, echoed Rand’s breakout call, bringing attention to an indicator — Directional Movement Index (DMI) — that is reportedly signalling for BTC to head higher. More specifically, DMI, a popular indicator of the trend strength of an asset has “entered a new bullish phase.” Moreover, BTC recently broke out of its upper VERA band, which is apparently “widely considered an encouraging sign.”

In short, after months of declining volatility and an absence of bearish candles, indicators are pointing to the growing sentiment that Bitcoin, along with its altcoin brethren, is ready to establish a bottom and subsequently move off its near-year-to-date lows.

Crypto News Cycle Remains Bullish

Not only are the crypto market’s charts starting to look promising, but so are fundamental factors, such as the establishment of a number of crypto-centric startups aimed at marshaling mass adoption.

Blockchain Capital’s Spencer Bogart, known for his undying bullish sentiment, recently claimed that while patience is key, due to the positive developments that crypto market has seen, a bottom is within this industry’s grasp.

Bakkt, a cryptocurrency platform aimed at revolutionizing how institutions, retail investors, and merchants interact with this industry, is slated to launch its first product on December 12th. If the launch of its physically-backed futures products goes according to plan, Bakkt, which has been endorsed by the Intercontinental Exchange (ICE), Microsoft, and Starbucks, will only increase real-world use of crypto assets and blockchain technologies.

Boston-based Fidelity Investments, meeting ICE and its partners head-on, recently announced Fidelity Digital Asset Services, its own crypto-centric subsidiary, that will be solely focused on offering products pertaining to digital assets, like Bitcoin and Ethereum. FDAS, headed by Tom Jessop, has intentions to satisfy crypto custody and trade execution needs for Fidelity’s 13,000 institutional clients, which hold trillions of dollars worth of assets.

The two aforementioned developments are just the tip of the iceberg when it comes to constructive crypto-related news. So make no mistake, in spite of the dismal performance of the market, this industry is far from dead in the water.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

Ethereum

Echoes Of 2020: Ethereum Signals Possible Bullish Rally After Reclaiming $2,600

Ethereum (ETH) has recently experienced a significant resurgence, reaching a three-week high of $2,600 after a notable spike on Wednesday....

Ronaldo Marquez 5 hours ago
Ethereum, ETH, Crypto

Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch

Ethereum (ETH) has surged 7.5% in the daily timeframe to break above a key resistance level for the first time...

Rubmar Garcia 7 hours ago
Bitcoin

Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says

The on-chain analytics firm Glassnode has revealed Bitcoin has recently been trading within a short-term band that has its upper...

Keshav Verma 8 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

Bitcoin

The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead

Christian Encila 1 hour ago
buy bitcoin Arthur Hayes

Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes

Jake Simmons 2 hours ago

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|SPX6900のように急成長が期待される最新ミームコインプレセール

    ...

    1 hour ago
  • 新しい仮想通貨|注目のプレセールが7月7日ローンチ前に800万ドル突破間近

    ...

    1 hour ago
  • 仮想通貨おすすめ|キャシー・ウッドが2200%の急騰を予測する注目の1銘柄

    ...

    1 hour ago
  • XRPの600%急騰を的中させた暗号資産トレーダーが、次は0.1ドル未満のミームコインで100倍の上昇を予測

    ...

    2 hours ago
  • A perfect combination! ETHRANSACTION three-coin joint...

    3 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.