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

Analyst: Bitcoin Traders Should Look Towards BTC’s Fundamental Developments for Guidance on Future Price Action

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.

Following Bitcoin’s relatively large levels of volatility over this past weekend, the cryptocurrency has been experiencing a bout of choppy trading but has been able to find some levels of stability above $3,800. BTC’s recent price action also seems to validate $4,200 as its next strong level of resistance.

Although $3,800 has proved to be a level of support so far, one analyst believes that Bitcoin may drop towards $3,500 in the near future, as its current support levels weaken.

Long-Term Bitcoin Traders Should Look Towards Fundamental Developments, Claims Analyst

At the time of writing, Bitcoin is trading flat at its current price of $3,860, where it has been trading at for the past couple of days.

Although traders and analysts are typically focused primarily on Bitcoin’s price action and chart formations, one analyst recently explained that he believes the fundamental developments behind the cryptocurrency are what is valuable while assessing long-term price action.

“No matter how strange it may sound to crypto enthusiasts, the best thing that can happen with the crypto market is a moderate dynamic in which all participants can concentrate on the development and implementation of technologies, rather than on prices jumps,” Alex Kuptsikevich, a markets analyst at FX Pro, explained while speaking to MarketWatch.

Furthermore, Kuptsikevich spoke about BTC’s recent price action, noting that the cryptocurrency still hasn’t surged with enough pressure to validate the low-$3,000 region as a long-term bottom.

“The rapid growth to $4,200 for bitcoin launched active profit taking, taking away immediately $400. Thus, no matter how crypto-optimists would like to believe in reaching the bottom, we are still faced with the usual speculations [of a new low],” he said.

Analyst: Bitcoin May Drop Towards $3,500 Before Finding Strong Support 

Although Kuptsikevich believes Bitcoin may drop back to – or even below – its 2018 lows before finding a long-term bottom, other analysts believe that in the short-term Bitcoin will find support around $3,500.

Analysts have mixed opinions on where BTC will ultimately find lasting levels of support.

DonAlt, a popular cryptocurrency trader on Twitter, recently told his nearly-85k followers that he is looking to buy support around $3,500 in order to make profits while Bitcoin experiences a bout of sideways trading.

“$BTC daily update: This is a perfect example of S/R zones at work – a perfect range. Play it accordingly by buying support & selling resistance or stay out. Everything else will chop you up… I’d personally love to get 3500… Not sure I’ll get it. S: 3700 & 3500 R: 3950,” he explained in a daily update.

$BTC daily update:

This is a perfect example of S/R zones at work – a perfect range.
Play it accordingly by buying support & selling resistance or stay out.
Everything else will chop you up.

I'd personally love to get 3500.
Not sure I'll get it.

S: 3700 & 3500
R: 3950 pic.twitter.com/UKQuFSn7gW

— DonAlt (@CryptoDonAlt) February 26, 2019

Bitcoin has been forming a consistent pattern over the past month, where it makes large price swings before trading sideways for several days, and then swinging again. It is possible that BTC’s current choppy trading will be followed by another large price swing as we head toward the end of this week and into the weekend.

Featured image 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

gamestop-inspired-a-lingerie-mma-league-to-buy-bitcoin-subbd-token-soars

GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars?

Shaun Donelly knows a hot item when he sees one – and Bitcoin’s the hottest item of them all. The...

Aaron Walker 4 hours ago
qwatio

Ο «κακότυχος» trader ‘qwatio’ έχασε $12,5 εκατ. μετά από 8 ρευστοποιήσεις σε μία εβδομάδα

Ένας άτυχος trader με το ψευδώνυμο “qwatio” βρέθηκε θύμα της κρυπτο-αγοράς, χάνοντας $12,5 εκατομμύρια από υπερμοχλευμένες θέσεις σε Ethereum και...

Ανθή Ντόνκοβα 4 hours ago
BitMine

BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on...

Ronaldo Marquez 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

bitcoin

Bitcoin Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing?

Ash Tiwari 47 minutes ago
Ethereum

Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key

Godspower Owie 1 hour ago
Bitcoin

Here’s What Will Happen If The Bitcoin Price Can Manage A Clean Break Above $108,500

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    10 minutes ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    4 hours ago
  • 仮想通貨プレセール終了間近|上場価格で購入できる最後の7日間がスタート

    ...

    5 hours ago
  • From traditional mining to smart contract mining, XRP...

    5 hours ago
  • 初の国家デジタル通貨銀行で銀行業界が新時代へ:今買うべき仮想通貨おすすめとは?

    ...

    5 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.