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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Establishes Firm Trading Range as Volatility Abounds; 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 once again incurred an influx of volatility that has extended the instability that was first incurred just over one week ago when BTC sharply moved towards $11,000 but failed to sustain this movement.

Now, analysts are noting that Bitcoin’s recent trading action has allowed it to form a firm trading range that is likely to persist for the near-future, which may give traders insight into where the volatile crypto is heading next.

Bitcoin Faces Choppy Trading Session Between Tight Trading Range 

At the time of writing, Bitcoin is trading up nominally at its current price of $9,560, which is up slightly from its daily lows of $9,200 and is down slightly from its daily highs of nearly $9,700.

Over a one-week period, BTC has found itself in a wide range between $9,200 and $10,400, forming multiple “bart” patterns through this time period. Importantly, it does appear that Bitcoin has found strong support around $9,200.

This volatile week has marked an extension of the downwards pressure that Bitcoin first incurred in late-June when BTC sharply moved to $13,800, which has significantly bolstered bears and has jeopardized the upwards momentum that Bitcoin has faced since earlier this year.

Additionally, this choppy price action over the past several weeks has allowed BTC to establish a new price range between roughly $9,350 and $9,650, which is likely to persist for the near-future.

“$BTC tapping 9350 & 9650 in same 15 minute candle. Tough to say whether the case extension is outright bullish or bearish,” Luke Martin, a popular cryptocurrency analyst, noted in a recent tweet, referencing the ongoing Bitfinex court case as one possible factor behind the recent volatility.

$BTC tapping 9350 & 9650 in same 15 minute candle.

Tough to say whether the case extension is outright bullish or bearish. pic.twitter.com/ROMBPXaFVO

— Luke Martin (@VentureCoinist) July 29, 2019

BTC Monthly Must Close Bullish or Else Drop to $7k Could be Imminent 

In only a few days, Bitcoin will be closing its monthly candle, which is highly likely to elucidate whether or not the markets will face further downwards pressure in the near-future.

DonAlt, a popular cryptocurrency analyst on Twitter, spoke about the importance of this monthly close in a recent tweet, explaining that a close below $10k could spell trouble for the cryptocurrency.

“$BTC monthly: Bulls have 3 days to push BTC above 10k to make this monthly look godlike. I’ll be bullish due to the weekly being at support as long as the monthly closes above resistance. If it doesn’t I’ll assume 7.7k is in play, if it does, there is only free air above us,” he explained.

$BTC monthly

Bulls have 3 days to push BTC above 10k to make this monthly look godlike.
I'll be bullish due to the weekly being at support as long as the monthly closes above resistance.
If it doesn't I'll assume 7.7k is in play, if it does, there is only free air above us. pic.twitter.com/uRhwaKjNSx

— DonAlt (@CryptoDonAlt) July 29, 2019

As the week kicks off and the month wraps up, it is highly probable that analysts and traders alike will soon gain better insight into which direction the markets are heading next.

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

etf-xrp-doge-lancement-explosif-54-millions-echanges

ETF XRP et DOGE : un lancement explosif avec 54 millions $ échangés

Ouverture canon. Les ETF adossés à XRP et DOGE ont enregistré 54 M$ de volumes pour leur première séance. Ce...

guillaumev 3 hours ago
snorter-bot-4-millions-ico

Snorter Bot approche les 4 M$ lors de son ICO, alors que d’importantes mises à jour de l’écosystème sont déployées

Jeudi 18 septembre 2025 – Alors que le trading bot Telegram Snorter Bot Token (SNORT) frôle les 4 millions de...

guillaumev 3 hours ago
Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase has reached a new milestone, with Coinbase Advance’s total USD reserves climbing to $112 billion, the highest level since...

Sebastian Villafuerte 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

Chainlink

Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Godspower Owie 20 minutes ago
Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

Scott Matherson 1 hour ago
XRP

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    6 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    6 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    6 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    6 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    7 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.