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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Analyst: Bitcoin (BTC) May Soon Flip Bullish if Able to Finish Weekend Above $3,480

Cole Petersen
Cole Petersen
1 year ago
2 mins read

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.

As the cryptocurrency markets enter the weekend, many investors are expecting Bitcoin (BTC) to see increased levels of volatility, as it has made some relatively large price swings over the past few weekends.

Although this volatility has been negative thus far, one cryptocurrency analyst now expects Bitcoin to possibly see a large upwards price swing in the next couple of days as long as it is able to finish the weekend above $3,480.

Bitcoin (BTC) Typically Sees Increased Volatility During Weekends

At the time of writing, Bitcoin is trading down marginally at its current price of $3,475. BTC has been stable in the upper-$3,400 region for the past several days after breaking below its previously established support level around $3,550.

Bitcoin’s typical weekend volatility around its current price levels first began on Saturday, January 19th, when BTC jumped to $3,750 from $3,650, before dropping back to $3,550. This drop established $3,550 as a level of relative support for the next week, until it finally broke below this price level on Sunday, January 27th, when it fell to lows of $3,400.

Although $3,400 has held as a level of support for the past several days, many analysts have previously speculated that Bitcoin will not see any major buying support until it revisits its 2018 lows that are set at around $3,200.

Bitcoin has experienced increased levels of volatility over the past several weekends.

Analyst Claims Bitcoin Could Surge in Coming Days

In a recent tweet from Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, he explained that Bitcoin may see a bullish price move in the next couple of days based on data from the Gann Price Cycle.

“Just finished a deeper $BTC analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3/4. (Gann Time Cycle) – It is time things turns around!”

Just finished a deeper $BTC analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3/4. (Gann Time Cycle) – It is time things turns around! 🐂 pic.twitter.com/7H55PxYtRG

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) February 1, 2019

He later noted that he would like to see BTC’s price climb above $3,480 in order for the aforementioned bullish price move to remain in play, but also said that he is looking to enter new long positions around $3,280 if BTC drops further.

“Closed my longs partially here, for the rest I would love something around 3480 // Weekend getaway is here so I’ll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance,” he explained.

Closed my longs partially here, for the rest I would love something around 3480 // Weekend getaway is here so I'll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance. $BTC pic.twitter.com/3DlWK2cGfM

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) February 2, 2019

How BTC trades over this weekend will likely set the tone for the coming week, but it is highly likely that a break below its support level around $3,400 will lead it to revisit its 2018 lows.

Featured images from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

shib-price-prediction-snorter-bot-ai-meme-coin-may-surge-21000-year-end-tw

SHIB價格預測可以再翻倍?AI迷因幣Snorter Bot爆紅預測年底或飆升21000%!

隨著2025年進入第四季度,加密市場的焦點再度回到迷因幣板塊。Shiba Inu(SHIB)作為老牌社群代幣仍穩居主流位置,而新興AI交易迷因幣Snorter Bot(SNORT)則以創新功能與實際應...

Kelvin Lee 2 hours ago
dogecoin doge dogeusd

Dogecoin (DOGE) Falls 10% to $0.17 as Whales Dump $74M Despite Nasdaq Merger Hype

In the past 24 hours, Dogecoin (DOGE)’s price slipped another 10% to $0.17, extending a weekly drop of more than...

James Halver 2 hours ago
Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest

Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest

Bitcoin is once again under heavy pressure, sliding toward the $103,000 level as the broader crypto market undergoes a sharp...

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

cardano ada adausd (2)

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

James Halver 46 minutes ago

BTC將在76天內漲至25萬美元? Bitcoin Hyper 達成重大里程碑 預售融資突破2400萬美元

newsbtc 46 minutes ago
bitcoin

Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End?

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    13 hours ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    15 hours ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    15 hours ago
  • 仮想通貨プレセール注目:2,390万ドルを突破した新世代ビットコイン系プロジェクト

    ...

    15 hours ago
  • 仮想通貨おすすめ:ソラナが500ドルへ?次に急騰が期待される新プロジェクト

    ...

    16 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.