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: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • 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: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Bitcoin Back Up as Buyers Snap Up Four Figure BTC

Martin Young
Martin Young
6 years ago
2 mins read
bitcoin, bitcoin price

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.

Crypto markets are back up today following another foray into four figures for Bitcoin. The king of crypto did not stay there long and has bounced back over $10k again during today’s Asian trading session.

Bitcoin Back Over $10k

There appears to be a lot of buyers lurking in the mid-$9000 range as Bitcoin does not hang around there for long. From an intraday and weekly low of $9,500 BTC shot back into five figures a few hours ago as buying pressure escalated. According to Tradingview Bitcoin topped out at $10,180 where the 200 moving average lies on the one hour chart.

bitcoin
BTC price 24 hours – Coinmarketcap.com

The 7 percent surge has added over $10 billion to total market capitalization and Bitcoin’s dominance remains above 65 percent. BTC market capitalization is back to $180 billion again. Trader and analyst, Josh Rager, commented on the buying frenzy whenever BTC drops back into four figures:

“If interested in accumulating more Bitcoin at sub $10k prices. Remember that majority won’t catch the bottom. It may be wise to consider scaling in slowly but it’s totally up to you. But it’s likely the bottom will bounce hard and most will be frontrun by big players”

https://twitter.com/Josh_Rager/status/1154072765831483392

The general consensus from the twittersphere is that in the long run it doesn’t really matter but anything below $10k is more of a psychological gain. As the consolidation continues the likelihood of a larger move becomes greater.

The last three times Bitcoin has dropped below $10k it has bounced back within a couple of hours which has kept the bears at bay.

Echo Bubble?

There has been talk of an ‘echo bubble’ theory that says the last rally was a mirror of the 2017 one and that BTC will come crashing down again in another prolonged bear market.

Analyst Alex Krüger has refuted this however stating that there is more real demand for Bitcoin this time around.

“I’ve been asked if I see bitcoin as a bubble, following the “Echo Bubble” tweet below. I do not. Fundamentals come first. There’s real demand for $BTC from HNWI, Family Offices, traders, libertarians, market makers, leveraged funds, and others.”

I've been asked if I see bitcoin as a bubble, following the "Echo Bubble" tweet below. I do not. Fundamentals come first. There's real demand for $BTC from HNWI, Family Offices, traders, libertarians, market makerts, leveraged funds, and others. https://t.co/53WWfYlnXM

— Alex Krüger (@krugermacro) July 24, 2019

It does appear that Bitcoin price has found a floor around the $10k level at the moment and yesterday’s low was higher than the previous so a pennant could be forming. This may well lead to a breakout later this week but analysts are still conflicted over its direction.

Elsewhere on crypto markets there is a lot of green as some of the altcoins are outpacing Bitcoin’s gains at the moment. Ethereum has cranked 8 percent as it approaches $225 again and EOS has surged 10 percent to recover some of its heavy losses.

Image from Shutterstock
Tweet123Share223ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

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

Bitcoin

Bitcoin Price Forms Bearish Evening Star Pattern On Weekly Chart, But Can Price Go Below $100,000?

Market expert Tony Severino has raised some concerns with the current Bitcoin price action on the weekly chart. This comes...

Scott Matherson 5 hours ago
Bitcoin

Bitcoin Cycle Confluence Hints No Bottom Before October – What This Means

Bitcoin’s market structure is showing signs of cycle alignment that could delay a true bottom until October. As technical signals...

Godspower Owie 4 hours ago
Bitcoin

Bitcoin Tipped To Peak In 2026 – Here’s Why

Following a rather turbulent trading week, Bitcoin prices now sit below $110,000, representing a 12% decline from its all-time high...

Semilore Faleti 7 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

Chainlink koers onder vuur - crypto experts voorspellen nieuwe bull run

Chainlink koers onder de loep – crypto experts voorspellen nieuwe bull run

Lars Diederiksen 30 minutes ago
XRP

When Will XRP Reach $25? Bitcoin Investor Shares A Bold Prediction

Christian Encila 1 hour ago
Bitcoin

Bitcoin Daily RSI At Most Oversold Level Since April — Time To Buy? 

Opeyemi Sule 3 hours ago

Premium Sponsors

Press Releases

  • Крипто китовете напускат Shiba Inu заради този токен на цена 0,00000012 $ с цел 25 $

    Крипто китовете напускат Shiba Inu...

    7 hours ago
  • Krypto veľryby opúšťajú Shiba Inu kvôli tomuto tokenu za cenu 0,00000012 $ s cieľom 25 $

    Krypto veľryby opúšťajú Shiba Inu kvôli tomuto tokenu...

    8 hours ago
  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    23 hours ago
  • Shiba Inu (SHIB): Мемкойн върху Ethereum с нарастваща полезност

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    1 day ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    1 day 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.