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 Breaks Below $8,000 and Nears Range Lows as Analysts Eye Further Losses

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.

After experiencing a long period of sideways trading within the lower-$8,000 region, Bitcoin (BTC) has once again extended its downwards momentum and has begun moving lower today as it has broken below $8,000 on most major exchanges.

This extension of its downwards momentum has led most analysts to target lower-lows in the near-term, but BTC does still have one last level of near-term support before it posts a decisive break below the recently established trading range that it has been caught within for the past several days and weeks.

Bitcoin Breaks Below $8,000 on Most Major Exchanges as Bulls Falter 

At the time of writing, Bitcoin is trading down roughly 1% at its aggregated price of $8,010 across all exchanges, although it is important to note that its price is already trading below $8,000 on many individual exchanges.

Bitcoin’s bearish price action in recent times marks an extension of the bearishness that it incurred when it broke below $10,000 late last month, and BTC has failed to post any noteworthy upwards momentum in the time since this massive drop occurred.

In the near-term, it is highly likely that BTC continues to see insurmountable selling pressure, as the crypto’s inability to garner any sustainable upwards momentum points to an underlying bearishness for the cryptocurrency.

The Cryptomist, a popular crypto analyst on Twitter, told her over 40k followers that she expects the crypto to incur notable volatility in the week ahead, which could potentially lead to a leg up before it plummets to fresh multi-month lows.

“$BTC: Been ranging this week but expecting action this upcoming week. I still think there is new lows coming but perhaps leg up first. Potential falling wedge here present on the 4hr. If valid we could see break sooner than later,” she explained.

https://twitter.com/thecryptomist/status/1180820980362559488

Analyst: BTC Nears Range Lows as Sellers Build Strength 

Mitoshi Kaku, another popular crypto analyst on Twitter, explained in a recent tweet that BTC has been caught within a trading range between $7,900 and $8,250, with a break below its range-low support potentially leading to a period of capitulation.

“Early in the week when I opened the doors of the W&P Group, the system signaled a range for $BTC, that gave us the opportunity for a few nice scalps! It was a long wait since 9/21, but as I always say: It is time to pay attention,” he explained in a recent tweet.

Early in the week when I opened the doors of the W&P Group, the system signaled a range for $BTC, that gave us the opportunity for a few nice scalps! 🙌 It was a long wait since 9/21, but as I always say: It is time to pay attention". #CryptoIkagi – https://t.co/vIq6PMYg2A pic.twitter.com/Jet1XpgUGp

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) October 6, 2019

The coming days and weeks will likely prove to illuminate how Bitcoin will trend throughout the rest of 2019, as an inability to post any strong bounce in the near-term could spell trouble for the crypto’s mid-term trend.

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

本月最值得關注的5枚迷因幣與預售項目—10倍潛力幣一覽

進入2025年7月,加密貨幣市場重新迎來活躍期。在全球政治動盪與金融格局重組的背景下,資金不斷從傳統市場流向去中心化領域,形成了新一輪的代幣熱潮。在這樣的市場情緒中,迷因幣與預售項目的表現尤為亮眼。 ...

Mark Mak 3 hours ago
Dogecoin

Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based...

Keshav Verma 3 hours ago
Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Bitcoin has continued to trade within a tight range just below its previous all-time high, showing recent signs of upward...

Samuel Edyme 5 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

Станут ли 600 000 BTC точкой невозврата?

lisachaikina 32 minutes ago
Strategy

No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months

Ronaldo Marquez 1 hour ago
Bitcoin

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

Rubmar Garcia 2 hours ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    4 Alt coin Tốt Nhất Tuần Này Dựa Trên Tiện...

    6 minutes ago
  • EstateX Appoints Former RE/MAX Leader as Web2 CEO After...

    51 minutes ago
  • SWL Miner launches the best free cloud mining for BTC...

    3 hours ago
  • Criptomoneda alternativă în trend față de Dogecoin (DOGE) care poate transforma 3.200 RON în 320.000 RON în 4 luni

    Criptomoneda alternativă în trend față de Dogecoin...

    3 hours ago
  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 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.