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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Technical Analysis Suggests Bitcoin is On the Cusp of Another Big Rally; 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.

Following Bitcoin’s recent immense volatility, the cryptocurrency has found itself caught within an extended bout of sideways trading that has led BTC to hover around $8,100 for the past couple of days.

In the near-term, the cryptocurrency’s bulls and bears do appear to remain at an impasse, which has muddied the clarity that some analysts previously had as to where BTC could be heading next.

Over a macro time frame, it is clear that Bitcoin is currently in a firm uptrend, which is leading some analysts to note that a continued defense of its key support by bulls could lead the cryptocurrency to climb as high as $8,750 in the coming hours and days.

Bitcoin Continues Consolidating, But Uptrend Remains Firm 

At the time of writing, Bitcoin is trading down marginally at its current price of $8,135, which marks a notable decline from its daily highs of $8,200 that were set yesterday.

When bulls generated some buying pressure that allowed the crypto to climb up towards $8,200 yesterday afternoon, the crypto incurred a strong as swift rejection that led it to drop as low as $8,000 before it found notable support.

Josh Rager, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that the key support level he is watching for in the near term $7,700, as a failure to hold above this level could spark a major sell-off.

As for upside targets, Rager believes that Bitcoin could surge up to $8,750 if its bulls are able to push it above $8,170.

“$BTC Update: $8170s is a significant area for Bitcoin to break and close above on higher time frame charts. It’s been an important support/resistance and high volume area (POC) for trading. Next resistance to break is $8750. And things get bearish below $7700s,” he explained in a recent tweet.

https://twitter.com/Josh_Rager/status/1216734154072711168

This Key Trendline May Bolster BTC in the Near-Term

Rager is not alone in his belief that bulls could soon push BTC up towards the upper-$8,000 region, as Squeeze, another popular crypto analyst, recently told his over 100k followers that a key trendline is currently pushing Bitcoin up – which could mean a movement to $8,650 is inbound.

“Daily chart is holding quite well. As long as the trendline holds, I think we’re heading to $8,650,” he explained.

Daily chart is holding quite well.
As long as the trendline holds, I think we're heading to $8,650#Bitcoin $BTC pic.twitter.com/cZAYgi7dGm

— Squeeze (@cryptoSqueeze) January 13, 2020

The coming few hours could elucidate whether or not this bullishness is valid, as any break below $8,000 will likely lead BTC down towards $7,700, and its reaction to this level could set the tone for where it trends in the mid-term.

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

stellar xlm xlmusd

XLM Battles $0.45 Resistance Again: Is This the Breakout That Finally Sparks a Run to $1?

Stellar (XLM) has made its fourth attempt since June to break the $0.45 resistance, though it now trades at $0.36...

James Halver 1 hour ago
bingx

Το BingX δείχνει τον δρόμο στα κρυπτονομίσματα – Πως θα διεκδικήσετε έπαθλο $5.000

Η πλατφόρμα BingX συνεχίζει να καινοτομεί, αυτή τη φορά με μια δυναμική καμπάνια που φέρνει στο επίκεντρο τους χρήστες της....

Ιωάννης Ριζόπουλος 2 hours ago
Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details

Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details

Ethereum (ETH) is currently trading above the $4,400 level, showing resilience despite recent selling pressure and market-wide volatility. However, price...

Sebastian Villafuerte 2 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

dogecoin-resistance-ema-hashrate-record

Dogecoin : test de la résistance EMA à 0,22 $ et un hashrate en plein record

guillaumev 48 minutes ago
Analist waarschuwt: XRP ETF's kunnen mislukken - Wall Street reuzen blijven weg

Analist waarschuwt: XRP ETF’s kunnen mislukken – Wall Street reuzen blijven weg

Lars Diederiksen 1 hour ago

Chainlink: Πού κατευθύνεται η τιμή μετά την εντυπωσιακή άνοδο;

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • Earn 1,000 XRP Daily? Rich Miner Cloud Mining Enables...

    54 minutes ago
  • ドージコイン 今後の価格予測:DOGEのゴッドキャンドルが間もなく出現か – 1ドル未満の最後のチャンス?

    ドージコイン...

    1 hour ago
  • ETF承認でXRPは7ドルに到達か?アナリストが見るリップル 今後の4ドルと7ドルの価格予測

    ...

    1 hour ago
  • 専門家が予測する100倍の成長と、機関投資家の役割

    イーサリアム...

    1 hour ago
  • 残りわずか3日!仮想通貨プレセールで話題の新興ミームコインが資金調達300万ドル達成

    ...

    2 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.