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

Crypto Markets May Be Close to Posting a Bullish Rebound, But All Eyes Remain on BTC

Cole Petersen
Cole Petersen
5 years 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 increasing bearishness over the past several days and weeks, with many major altcoins posting massive losses as BTC remains stuck below the key resistance levels that will determine whether or not its market structure is bullish.

One prominent analyst is now noting that the crypto markets may be on the cusp of incurring a significant amount of bullish momentum that could help them put a significant amount of distance between their recent lows.

Crypto Markets Inch Lower as Altcoins Follow Bitcoin’s Lead

Most major cryptos have been closely tracking Bitcoin’s price action over the past several days and weeks, which has led the markets significantly lower as it has remained in the firm control of its bears over the past several weeks.

Bitcoin’s downwards momentum first began when it failed to stabilize above the $10,000 level in late-October, which sparked a downtrend that has lasted throughout November and may extend as we head into the end of 2019.

This downtrend has reached beyond Bitcoin and has impacted virtually all major altcoins. XRP is currently trading at fresh yearly lows in the low-$0.20 region, while Ethereum is trading at the lowest prices seen over the past several months.

Where the aggregated crypto markets head next will likely be dictated by whether or not BTC will be able to climb from its recent lows and develop a bullish market structure, or if it will continue dropping lower.

Teddy, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that Bitcoin will only be able to find noteworthy bullishness if it climbs and stabilizes above its near-term resistance at roughly $8,000.

“BITCOIN | $BTC: Perfect close on the support of pattern, followed by a bounce. There are only two clear breaks that will confirm a bullish continuation, noise aside: BREAK OF RED LINE: – Key level for bull structure. BREAK OF DOTTED LINE: – Key support flipped resistance,” he said while referencing the lines seen on the chart below.

https://twitter.com/teddycleps/status/1199146457481134080

Will Cryptocurrency Markets Soon Post a Strong Rebound?

Assuming that Bitcoin either stabilizes around its current price level or begins inching higher to form a bullish market structure, the aggregated crypto markets may be close to posting a strong rebound.

Bitcoin Jack – another popular cryptocurrency analyst on Twitter – explained in a tweet that he believes altcoins may soon begin surging higher.

“If we print a signal of strength, you better be paying attention because things could start moving like before. Alts are up 25% vs BTC since September 6 but if we see the SoS then we could quadruple this quickly,” he noted while pointing to the below chart.

If we print a signal of strength, you better be paying attention because things could start moving like before

Alts are up 25% vs BTC since September 6 but if we see the SoS then we could quadrupple this quickly pic.twitter.com/xpBdEAiULC

— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) November 26, 2019

How Bitcoin trends in the near-term will likely have significant influence on the aggregated crypto markets, and any near-term BTC bullishness could spark a significant relief rally for most major altcoins.

Featured image from Shutterstock.
Tweet123Share224ShareSend
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

Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices,...

Sebastian Villafuerte 4 hours ago
Bitcoin

Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move

Crypto analyst Stockmoney Lizards has provided an update on the current Bitcoin price action, predicting that the flagship crypto could...

Scott Matherson 5 hours ago

Bitcoin Hyper預售火爆臨界點!6小時內漲價 442%質押年化收益引爆市場

Bitcoin Hyper (HYPER)自上線不到一個月以來,預售融資即將突破180萬美元。 作為比特幣(BTC)最新且最快的第二層解決方案,Bitcoin Hyper 旨在將比特幣網路從“貨幣的互...

estherw 8 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

Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs

Scott Matherson 1 hour ago
Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Samuel Edyme 2 hours ago

免費比特幣空投獎勵引爆加密社區熱潮 BTCBULL預售倒數最後今日!

Mark Mak 4 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    8 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    8 hours ago
  • Най-добрите криптовалути преди...

    8 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    9 hours ago
  • BTC

    仮想通貨 おすすめ:BTC Bull...

    9 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.