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

Bitcoin Price Rangebound But a Upside Move is On Its Way: Analysts

Davit Babayan
Davit Babayan
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.

Bitcoin (BTC) has not experienced any substantial market movement since June 4.

The world’s leading cryptocurrency has been fluctuating between $7,440 and $8,100 from the last seven days. The move has established a strict $600-wide sideways pattern, which is offering day traders plenty of opportunities to enter and exit the market on smaller profits. The bulls so far have failed to secure a breach above $8,100, now a crucial resistance level of the sideways channel. At the same time, the bears have struggled to execute a similar action below $7,440.

bitcoin
Bitcoin Price Hinting Stable Action in Coming US Session | Image Credits: TradingView.com

The bitcoin price, for now, has entered a bias conflict zone, wherein its probability of trending sideways is growing higher in the absence of stronger volume. Traders are waiting for big whales to set the next course of bitcoin trend. But nobody exactly knows the direction the price would pursue: north or south.

Sideways is the New Bitcoin Bias

According to cryptocurrency analyst pseudonym, the Crypto Dog, it is wiser for small traders to park their funds into a stablecoin unless a big move decides the next bitcoin trend. The analyst said he is betting on the cryptocurrency to fall further towards $7,000 but is unsure about achieving the said target, anyhow.

“Patience will pay off, we’ll get a clear direction for the market soon enough.” said the Crypto Dog.

https://twitter.com/TheCryptoDog/status/1138271555895435264

Josh Rager, another prominent cryptocurrency analyst, settled his downside target $500 higher than that of the Crypto Dog — based on a textbook trading method known as the Wyckoff Method. The process typically involves a five-step approach, as shown in the chart below:

Wyckoff, bitcoin
Wyckoff Method Illustrated | Image Credits: StockCharts.com

According to Rager, the bitcoin price was in Phase C, which means it would bounce back from the support range defined by $7,440 and $7,570 to enter Phase D. The move would further prompt bitcoin to retest the so-called SOS level of $8,117 before continuing higher in the upward direction.

“In my opinion, the more it goes sideways, the more likely it’s accumulation,” said Rager.

https://twitter.com/Josh_Rager/status/1138478442020855808

When Bitcoin Becomes Stable

It is not the first time when bitcoin is continuing its business without showing its trademark volatility. The cryptocurrency’s slow volatility typically marks the end of a bearish trend. According to Victor Dergunov, the founder of Albright Investment Group, bitcoin’s humble price swings come when its bearish bias shows signs of exhaustion.

“Primarily, similar low volatility phenomenon has occurred in the very late stages of bitcoin bear markets [whereby prices fall as investors sell],” he had said ahead of November 2018 crash. “Everyone seemingly loses interest, volume dries up, news flow quiets down, and then, when you least expect it, the next bitcoin bull market begins [whereby prices rise as investors buy].”

One month later, on December 13, 2018, bitcoin bottomed out in $3,100-3,200 range and rebounded by as much as 190 percent.

The cryptocurrency experienced another but a relatively smaller stable period above $3,600 in February this year, as covered by NewsBTC here. Nevertheless, despite a weaker support level, the price later marched towards $4,200 in March and to $9,090 ahead of the May close.

That explains why analysts are finding accumulation opportunities in bitcoin’s ongoing sideways trend.

Featured Image from Shutterstock. Charts Courtesy of TradingView.com
Tweet123Share260ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found 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

Ethereum ETF Inflows Hit 8-Week Streak—Institutions Still Buying

Data shows the US Ethereum spot ETFs have seen net inflows for eight consecutive weeks now, a sign of continued...

Keshav Verma 4 hours ago
Bitcoin price news

Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating?

The Bitcoin market appears to be coiling for a major move, according to prominent crypto analyst CrediBull Crypto (@CredibleCrypto), who...

Jake Simmons 5 hours ago
Bitcoin

Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options

Bitcoin’s recent price action is holding firm above the $108,000 level despite a string of minor pullbacks in recent trading...

Scott Matherson 6 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 Price Respects Support Zone

Bitcoin Price Respects Support Zone — Bulls Eye Fresh Rally

Aayush Jindal 26 minutes ago

Snorter 募資達 160 萬 打造更聰明的迷因幣量化機器人

estherw 1 hour ago
Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • 🚀CRYPTO MINING FIRM launches an APP cloud mining...

    50 minutes ago
  • Felpörgő alternatív kriptovaluta a Dogecoin (DOGE) helyett – 650 dollárból 65 000 dollár lehet 4 hónap alatt

    Felpörgő alternatív kriptovaluta a Dogecoin (DOGE)...

    8 hours ago
  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    10 hours ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    11 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    12 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.