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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Crypto Markets Surge as Bitcoin Nears $7,000: Is “Altseason” Upon Us?

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin Crypto Markets

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’s recent series of upwards surges that have led it towards $7,000 have put the final nail in the coffin for the crypto’s bears and have drastically altered the overall market sentiment for the better.

Now, analysts are closely watching to see how altcoins respond to Bitcoin’s recent surge, and many analysts believe that Bitcoin’s rally may begin to cool-off, allowing the overall crypto markets to surge higher.

Crypto Markets Surge as Bitcoin Nears Resistance at $7,000 

Although the crypto markets have endured a long and dark Crypto Winter, it now appears that Spring has begun, with Bitcoin surging to fresh year-to-date highs and multiple altcoins flashing bullish technical signals.

Although the altcoin markets have been caught in a bout of sideways trading ever since Bitcoin began its upwards surge, many cryptos have started climbing higher today, and analysts believe that many alts will soon incur an explosive upwards surge.

DonAlt, a popular cryptocurrency trader on Twitter, spoke about this possibility in a recent tweet, explaining that he believes longing various altcoins will be more profitable in the near-term than trying to short BTC.

“To all the people trying to snipe the Bitcoin top by shorting it: Have you thought about longing altcoins instead? They’ve been / are capitulating and will very likely explode the moment BTC tops out. There is more money in that than shorting BTC in my opinion,” he explained in a recent tweet.

To all the people trying to snipe the Bitcoin top by shorting it:

Have you thought about longing altcoins instead? They've been / are capitulating and will very likely explode the moment BTC tops out.

There is more money in that than shorting BTC in my opinion.

— DonAlt (@CryptoDonAlt) May 11, 2019

Today, many altcoins have already began breaking out, with Ethereum jumping 10% to its current price of $191, XRP surging over 7% to its current price of $0.322, and Litecoin pumping a whopping 16% to $88.

“Altseason” Could Soon Be Upon the Crypto Markets

Although today’s gains are certainly positive, they are a far cry from the massive 100%+ gains many altcoins have seen in previous bull markets.

Despite this, altseason – the term many investors use to refer to period of parabolic gains for cryptocurrencies excluding Bitcoin – may soon be upon the crypto markets.

Josh Rager, another popular cryptocurrency analyst on Twitter, spoke about altseason in a recent tweet, explaining that he is closely watching Bitcoin’s dominance for insight into whether or not a surge in the aggregated crypto markets is imminent.

“$ALT Season in the making? – Just watch Bitcoin dominance. Bitcoin dominance dropped 10% to 14% during the monster altcoin runs in 2018. My strategy for buying altcoins is to watch the charts for BTC dominance % to pullback. An alt rally could push BTC % back down near 50%+/-,” he noted.

https://twitter.com/josh_rager/status/1127050826596454400

Whether or not the crypto markets are able to sustain their newfound upwards momentum throughout the weekend will likely signal whether they are ready to continue surging higher during the week ahead.

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

Το Solana διασπά κρίσιμη αντίσταση – Νέος μεσοπρόθεσμος στόχος τα $362

Το Solana επιστρέφει στο προσκήνιο της αγοράς κρυπτονομισμάτων μετά από μια εντυπωσιακή άνοδο 20,89% σε μία εβδομάδα. Η τιμή του...

Ιωάννης Ριζόπουλος 1 hour ago
Crypto news

December 2024 Crypto Crash Signal Returns As Altcoins Go Wild

Crypto analyst Maartunn (@JA_Maartun) warned on September 14 that a familiar—and historically unfriendly—market pattern has reappeared: speculative leverage pouring into...

Jake Simmons 3 hours ago
Kas ir Pepe Coin

The Big PEPE Price Breakout: Falling Wedge Pattern Points To 64% Rally

Recent PEPE price performance has not lived up to the explosive rallies that the meme coin has become known by,...

Scott Matherson 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

Dogecoin price news

Dogecoin Bulls Eye $0.54 ‘Final Boss’ Breakout, Says Top Analyst

Jake Simmons 17 minutes ago

Previsioni Ethereum: L’MVRV di ETH Raggiunge 1,97 — I Tori Riusciranno a Mantenere la Loro Posizione?

clararosati 40 minutes ago
Dogecoin

Dogecoin May Pause Above $0.27 Before Charging Toward $0.45 – Analyst

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • Aceste altcoinuri explodează în timp ce Bitcoin (BTC) testează din nou pragul de 113.000 de dolari Monitorizarea pieței

    Трите „вечни“ криптовалути...

    3 minutes ago
  • 5 kryptomien, ktoré treba sledovať v októbri pre...

    10 minutes ago
  • Cei mai buni altcoini de cumpărat înainte de decizia FED...

    19 minutes ago
  • 6 významných altcoinov, ktoré môžu v októbri rásť

    6 významných altcoinov, ktoré môžu v októbri rásť

    34 minutes ago
  • 6 altcoin-uri de urmărit în octombrie, cu potențial de creștere

    6 altcoin-uri de urmărit în octombrie, cu potențial de...

    37 minutes 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.