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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Analyst Who Called 2019 Bear Market Believes Bitcoin is Primed for Massive Gains

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.

2020 has so far been a great year for Bitcoin (BTC), with the cryptocurrency climbing significantly from its year-to-date lows of $6,800 that were set just prior to the massive upswing incurred by the aggregated crypto market.

Bitcoin’s bullish price action throughout the early weeks of 2020 seem to confirm one prominent – and eerily accurate – analyst’s belief that the cryptocurrency could set fresh and sustainable all-time-highs in the coming couple of years.

Importantly, the same analyst also believes that a few key factors are lining up for BTC, which all suggest that its ongoing rally is far from being over.

Bitcoin Caught in Firm Uptrend as Technical Analysis Grows Increasingly Bullish

At the time of writing, Bitcoin is trading up nominally at its current price of $8,150, which marks a slight climb from its daily lows of just under $8,000, and a slight decline from its highs of $8,300 that were set when bulls attempted to spark another rally last night.

The rejection at $8,300 led many analysts to grow bearish on the cryptocurrency, but its ability to sustain its position within the $8,000 region signals that its bulls are incredibly strong at the present moment.

Dave The Wave – a popular cryptocurrency analyst on Twitter who accurately called nearly all of Bitcoin’s major price movements in 2019 – is now explaining that he believes 2020 is shaping up to be a great year for Bitcoin, offering his followers a chart that shows BTC is on track to find itself caught within a major uptrend in the coming months.

pic.twitter.com/zh7PlnwTKi

— dave the wave🌊🌓 (@davthewave) January 12, 2020

The data within this chart seems to indicate that Bitcoin is only a matter of months away from beginning its next parabolic ascent.

Will BTC Set Fresh All-Time-Highs in 2021? History Suggests So

Dave the Wave also predicted in a tweet from last month that Bitcoin could easily set fresh and sustainable all-time highs in the early part of next year.

“End of year prediction: Some consolidation and coiling of price within the symmetrical triangle [1] in the first half of the year followed by a breakout and resistance met in the ascending triangle [2] for the second half of the year. New sustainable ATHs early 2021,” he said.

End of year prediction.

Some consolidation and coiling of price within the symmetrical triangle [1] in the first half of the year followed by a breakout and resistance met in the ascending triangle [2] for the second half of the year. New sustainable ATHs early 2021. pic.twitter.com/ldMTJMAMR7

— dave the wave🌊🌓 (@davthewave) December 30, 2019

If the factors he mused in the above tweet – which have historical precedence – do line up, it would signal that BTC will see some tempered gains throughout the first part of 2020, before starting a major ascent that allows it to set fresh highs in 2021.

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

Bitcoin

Bitcoin Price: 7 Vital On-Chain Signals Spotted From Recent Crash

In the last week, Bitcoin prices fell from around $115,000 to below $105,000 amid a widespread crypto market correction. According...

Semilore Faleti 7 hours ago
Bitcoin

Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?

Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is...

Semilore Faleti 10 hours ago
Chainlink

Chainlink Bears Show Strength, But $16 Support Could Flip The Downtrend

In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level....

Godspower Owie 15 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

Bitcoin’s Moment? Analyst Urges Traders To Swap Gold For Crypto

Christian Encila 1 hour ago
scaderea_bitcoin

Bitcoin își testează limitele: ce urmează după cea mai mare corecție din 2025?

antonio 4 hours ago
Bitcoin

Bitcoin’s Creator Just Took A $20 Billion Hit — If He’s Still Watching

Christian Encila 5 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格動向:$4,232のレジスタンス再試し後に下落、しかし新興格安仮想通貨が10倍の可能性

    イーサリアム...

    14 hours ago
  • ビットコイン 今後の価格見通し:下降トライアングル崩壊後、10万5,000ドルを下回る可能性はあるか?

    ビットコイン...

    14 hours ago
  • シバコイン 今後はどうなる?価格予測と3日後に終了する注目プレセール

    シバコイン...

    14 hours ago
  • パイネットワーク 価格 予測:1ドル以下で注目される次世代の有望仮想通貨が投資家の注目を集める

    パイネットワーク 価格...

    14 hours ago
  • ドージコイン 今後:ナスダック報道後の大規模売却、次の大きな動きの前兆か?

    ドージコイン...

    15 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.