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

3 Reasons Why Bulls Think Bitcoin’s Rally to $8,800 Isn’t Done

Nick Chong
Nick Chong
1 year ago
2 mins read
crypto bitcoin altseason

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 (BTC) bulls don’t seem to be letting up the pressure. Over the past few hours, the price of the leading cryptocurrency has rocketed higher again, just tapping $8,800 minutes ago as of the time of writing this article.

With this latest push higher, Bitcoin has rallied by 30% from the local lows around $6,800. And over the past 24 hours, BTC has rallied by 8%.

Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again

But according to a number of indicators, the rally isn’t done yet.

Bitcoin Price Explodes Higher, Analysts Expect Further Gains

Firstly, Mohit Sorout, a partner at Bitazu Capital, noted that with BTC’s latest spike higher, it has broken above two key downtrend resistances that have constrained price action for the past seven months. Not to mention, the one-day Relative Strength Index (RSI) and On-Balance Volume (OBV) indicators have broken past similar downtrends, suggesting more upside is imminent.

A wild new trend emerging on $BTC

7k longs cozy. pic.twitter.com/TVoJB3yWVJ

— MS📈 (@singhsoro) January 14, 2020

Secondly, Financial Survivalism, a pseudonymous cryptocurrency trader that called BTC’s ongoing price explosion when Bitcoin was in the low-$7,000s, pointed out that the Ichimoku Cloud — a sort of all-in-one indicator showing key price points and trends — is “fully bullish,” with the indicator printing three distinct signals that suggest prices will appreciate.

These three signals being a breakout from the Kumo cloud, a bullish Kumo cloud twist, and a bullish TK Cross.

The daily Ichimoku Cloud (traditional settings) is now fully bullish. 🚀 $BTC #Bitcoin pic.twitter.com/ewaBeIexeW

— Tyler Coates (@Sawcruhteez) January 14, 2020

And lastly, altcoins have been ripping higher, with the Satoshi Vision hardfork, for instance, gaining literally 100% in the past few days. Ethereum, too, has exploded higher, trying to redeem itself after the harrowing 2019 it had, during which it actually posted a loss.

Strong gains in altcoins should push Bitcoin higher, just like in 2017 and 2018, when the two segments of the cryptocurrency market correlated closely with each other at most times.

Key Resistance Overhead

There is key resistances overhead though. Trader BigChonis noted that BTC has just tapped the upper bound of a channel that has defined the price action for seven months now. The cryptocurrency will need to break above this level and confirm it as support if the rally will be maintained.

$BTC – tripple upper channel touch #bitcoin daily chart… pic.twitter.com/uKhi2nuB25

— BIG Chonis (@BigChonis) January 14, 2020

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

Analyst Says Dogecoin Price Is Ready To Surge, But Buy DOGE Under These Levels

The Dogecoin price may be preparing for a powerful breakout after a long period of sideways trading and consolidation. A...

Scott Matherson 3 hours ago
Ethereum news

Analyst Sounds Alarm: Ethereum Could Unwind To $2,850

In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone...

Jake Simmons 5 hours ago
Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

What to Know: Blockchain.com is reportedly considering a public listing via a special purpose acquisition company (SPAC). A SPAC route...

Aaron Walker 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

XRP

You Want $1K XRP? You’ll Need Iron Nerves — Or ‘Mental Illness’, Analyst Says

Christian Encila 37 minutes ago
Floki FLOKIUSD FLOKI price

Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

James Halver 1 hour ago
Crypto

Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead

Ronaldo Marquez 2 hours ago

Premium Sponsors

Press Releases

  • シバコイン 今後の価格予測:大口投資家が買い増しを加速、回復基調が続き0.0000235ドル突破への勢い

    シバコイン...

    9 hours ago
  • イーサリアム 今後の展望:10億ドル規模のETH信託設立が市場に楽観ムードをもたらす

    イーサリアム...

    10 hours ago
  • ビットコイン 今後の動向:11万ドルを下回る中で進む機関投資家の買い集め

    ビットコイン...

    10 hours ago
  • パイネットワーク 価格予測:上昇期待が高まる中、次世代ビットコイン系プロジェクトはより有望な選択肢か?

    パイネットワーク...

    10 hours ago
  • ドージコイン 今後の予測:Gemini AIが示す、新世代ミームトークンの台頭

    ドージコイン 今後の予測:Gemini...

    10 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.