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

Analyst: Bitcoin (BTC) Likely to Continue Surging to 5,500, But Significant Pullback is Imminent

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

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 yesterday’s monumental price surge that led Bitcoin to surge from the low-$4,000 region and past $5,000, there has been a lot of noise as to whether or not this move confirms the end of the persisting bear market – and if so, whether or not BTC will begin moving towards its late-2017 highs of nearly $20,000.

Although embattled investors are understandably anxious for the persisting bear market to be over, one prominent cryptocurrency analyst explained that he believes Bitcoin will continue pushing towards $5,500 before it incurs a significant amount of selling pressure that pushes it back into the $4,000 region.

Bitcoin Maintains Upwards Momentum After Yesterday’s Price Surge

At the time of writing, Bitcoin is trading up over 6% at its current price of $5,015, up from its 24-hour lows of $4,700. Yesterday’s price surge came on the heels of Monday’s surge that sent BTC from roughly $4,200 to above $4,800, which ultimately resulted in a massive upwards swing that harkened back to the days in which the crypto markets would see price moves of this magnitude on a consistent basis.

Although this parabolic price move has led many investors to flip bullish on Bitcoin and the crypto markets as a whole, traders ought to move slowly before making any large decisions, as one analyst believes Bitcoin will retrace back towards $4,500 in the near future.

UB, a popular cryptocurrency analyst on Twitter, discussed this possibility in a recent tweet, noting that he will be looking to open short positions on BTC after it reaches $5,500.

“$BTC – I’m expecting a test of ~5.5k before any significant pullback which is where I’ll begin to look for shorts. After that, I’m a buyer in the $4.6k to $4.5k area. This is pure speculation but I could see a new Range form at $4350 to $5550 before the next major move,” he explained.

$BTC – I'm expecting a test of ~5.5k before any significant pullback which is where I'll begin to look for shorts.

After that, I'm a buyer in the $4.6k to $4.5k area.

This is pure speculation but I could see a new Range form at $4350 to $5550 before the next major move.#BTC pic.twitter.com/y02NmLcpP4

— UB (@CryptoUB) April 3, 2019

Latest Price Surge Driven by Massive Volume Influx  

Following yesterday’s massive price climb, rumors abound regarding what may have caused it, with everything ranging from an April Fool’s joke regarding the SEC’s approval of a highly anticipated Bitcoin ETF, to another fun rumor that jokingly claimed that BTC was simply tracking Avocado prices – which also surged yesterday on growing concerns regarding the United States closing its southern border.

Avocado prices are clearly tracking Bitcoin. pic.twitter.com/JgxrwnzWcw

— Tracy Alloway (@tracyalloway) April 2, 2019

One theory that seems more plausible was first propagated by Reuters, and claims that a mystery BTC buy order worth approximately $100 million was the catalyst for the price surge, although as Mati Greenspan, the senior market analyst at eToro, pointed out in a recent email, this would be impossible to prove.

“Of course, due to the anonymous nature of the crypto market, it would be impossible to prove… If true, the mystery buyer certainly knew what he was doing. The order buildup above $4,200 that we’ve been talking about would have certainly spurred a price reaction of his order,” Greenspan explained.

Although Avocados and April Fool’s day are not factors in the latest BTC price surge, one thing that is for sure is that the overall market sentiment is beginning to shift for the better.

Featured image from Shutterstock.
Tweet123Share328ShareSend
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

hyperliquid-vs-aster-accusation-complot-cz

Hyperliquid vs Aster : la vérité sur l’accusation de complot impliquant CZ

Hyperliquid et Aster ne se disputent pas qu’un narratif : ils se disputent la liquidité, les volumes et l’attention du...

guillaumev 6 hours ago
Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff

Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff

Ethereum is under pressure after sliding below the $4,200 level, with price now testing the $4,000 support zone. The market...

Sebastian Villafuerte 9 hours ago
New Wall Street ETF Hypes Market: Get Best Wallet as Your Personal Treasury

A New Frontier in Crypto Investing: GSR’s Treasury-Company ETF Proposal Lifts Best Wallet Prospects

The world of crypto investing is changing. Companies are shifting from solely token-based assets to more sophisticated, equity-backed exposures. In...

Aaron Walker 9 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

Ethereum

Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know

Godspower Owie 3 hours ago
Dogecoin

Analysts Predict Dogecoin Price Will Explode: Why The $1 Mark Is Inevitable

Scott Matherson 4 hours ago
11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Sebastian Villafuerte 6 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望 ― 0.30ドル到達と「買うべきミームコイン」論争

    ドージコイン 今後の展望 ―...

    10 hours ago
  • リップル 今後の展望:RLUSDステーブルコインがマネーマーケットファンドに統合

    リップル...

    11 hours ago
  • 仮想通貨プレセール動向:次世代ビットコインレイヤー2が資金を集める

    ...

    11 hours ago
  • テザーが5,000億ドル規模の資金調達を計画、今注目すべき仮想通貨おすすめ

    ...

    11 hours ago
  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    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.