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 Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends

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.

Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower.

Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a bearish weekly candle close that could spell trouble for the cryptocurrency.

Bitcoin Drifts Lower After Sharp Rejection at $11,000 

At the time of writing, Bitcoin is trading down over 2% at its current price of $10,430, which marks a significant decline from its 24-hour highs of over $11,000 that were set yesterday evening.

Currently, it does appear that BTC is finding some support around $10,400, but it is highly unlikely that the cryptocurrency incurs any significant buying pressure until it drops towards $10,000, which remains a key psychological price level for the crypto.

How Bitcoin ends the day is of critical importance for how it trades in the week ahead, as BTC is about to close its weekly candle.

Big Cheds, a popular cryptocurrency analyst on Twitter, spoke about this close in a recent tweet, noting that this selloff is seller’s attempt to form a weak weekly candle for BTC.

“$BTC #Bitcoin 4 hour – Bears stepping up pressure as we head into the week’s close,” he said while referencing the below chart.

$BTC #BItcoin 4 hour – Bears stepping up pressure as we head into the week's close pic.twitter.com/z16TdxCRyr

— Cheds (Trading Quotes) (@BigCheds) July 21, 2019

BTC Daily EMAs Form Bear Cross; Are Further Losses Imminent? 

Notably, this recent sell off has done some technical damage to Bitcoin, as its daily EMAs are now forming an intra-day bear cross which could mean that further losses are imminent.

Chonis Trading, another popular crypto analyst on Twitter, spoke about this formation in a recent tweet, noting that bulls have historically ramped up the buying pressure in an effort to stop this pattern from forming.

“$BTC – daily EMA’s 12,26 once again in an intra-day Bear cross…the #bitcoin Bulls we able to step in a few days ago and save it…if it closes this way it would be the first time since February, and would be very notable,” he explained.

$BTC – daily EMA’s 12,26 once again in an intra-day Bear cross…the #bitcoin Bulls we able to step in a few days ago and save it…if it closes this way it would be the first time since February, and would be very notable… pic.twitter.com/u3Em6jcTXa

— BIG Chonis (@BigChonis) July 21, 2019

Although it remains unclear as to whether or not bears will soon take full control of Bitcoin and send its price reeling lower, it is important to note that it is still trading well off of its weekly lows of $9,100.

Featured image from Shutterstock.
Tweet123Share280ShareSend
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

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 2 hours ago

Saylor (Strategy): Acquisto Bitcoin da 530 Milioni di Dollari

Strategy (ex MicroStrategy), il principale detentore di Bitcoin (BTC) al mondo, si avvicina a un traguardo storico: il possesso di...

clararosati 2 hours ago
Strategy

Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase

Strategy (previously MicroStrategy), the leading corporate holder of Bitcoin (BTC), is on the verge of reaching a significant milestone as...

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

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

Scott Matherson 58 minutes ago
gamestop-inspired-a-lingerie-mma-league-to-buy-bitcoin-subbd-token-soars

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

Aaron Walker 1 hour ago
qwatio

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

Ανθή Ντόνκοβα 2 hours ago

Premium Sponsors

Press Releases

  • 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!

    ...

    2 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

    ...

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

    2 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?

    ...

    3 hours ago
  • 新しい仮想通貨プレセール開始|次世代の革新的ミームコインが登場か?

    ...

    3 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.