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 is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

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 been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for BTC to see parabolic gains throughout the rest of the year.

It is important to note that there is currently a multitude of separate factors that are influencing Bitcoin’s price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.

As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.

Bitcoin’s Firm Uptrend Allows Its Macro Outlook to Look Increasingly Bullish

Bitcoin has seen some turbulent price action over the past 24-hours – rallying to highs of $9,600 before facing a swift selloff that sent it reeling back to lows of $9,200.

The crypto does appear to be caught within a wide short-term trading range between these two levels, and how this range resolves could offer significant insight into where the cryptocurrency is heading next.

One factor that should be considered is that Bitcoin’s bulls have been ardently defending against the crypto dipping below a key trendline that it has been respecting for nearly a decade.

Jonny Moe, a prominent cryptocurrency analyst on Twitter, explained in a recent tweet the halving is estimated to occur on May 12th of this year, which could coincide with another test of this macro trendline.

“Been about a month, updating again. Incredible bounce off the curve. Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives,” he explained.

Been about a month, updating again. Incredible bounce off the curve.

Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives.$BTC pic.twitter.com/Y9rcOjZXH2

— Jonny Moe (@JonnyMoeTrades) February 3, 2020

BTC’s Market Dominance Could Also Catalyze Momentum 

The halving’s close correlation with Bitcoin’s next trendline test isn’t the only factor signaling that massive fireworks are imminent, as BTC’s market dominance also suggests that the benchmark cryptocurrency will soon see significant volatility – and it favors buyers.

Dave The Wave, another popular crypto analyst on Twitter, explained that BTC’s rise in dominance over the past couple of years will ultimately lead the crowd to “follow the money.”

“Peak BTC dominance marked also by peak maximalism. Won’t take long for the crowd to follow the money,” he explained.

Peak BTC dominance marked also by peak maximalism. Won't take long for the crowd to follow the money…🙂 pic.twitter.com/VJGcnLP6fZ

— dave the wave🌊🌓 (@davthewave) February 3, 2020

The culmination of all these bullish factors is highly likely to provide Bitcoin with some significant momentum throughout the rest of the year, with its recent momentum likely marking the start of what could be a major macro uptrend.

Featured image from Shutterstock.
Tweet123Share519ShareSend
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

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

If you’ve been around crypto long enough, you know the signs. Bitcoin wakes up. Ethereum starts stretching. Suddenly, the air feels...

Aaron Walker 4 hours ago
Solana

Solana’s Pump.Fun Loses Steam With Exit Scam Rumors, LetsBonk.Fun Claims 54% Of Total Market Share

Solana meme coin launchpad Pump.fun has lost a significant chunk of its market share to LetsBonk.fun. This comes just ahead...

Scott Matherson 6 hours ago
Trump

TRUMP Meme Coin Plants Flag On TRON Network—Details

Meme coin TRUMP made waves when it launched on Solana on January 17, 2025, issuing 200 million tokens out of a...

Christian Encila 6 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 price news

Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating?

Jake Simmons 42 minutes ago
Bitcoin

Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options

Scott Matherson 1 hour ago
PEPE

PEPE Traders Spot Breakout Echo—Explosive Surge Back On The Table?

Christian Encila 3 hours ago

Premium Sponsors

Press Releases

  • Felpörgő alternatív kriptovaluta a Dogecoin (DOGE) helyett – 650 dollárból 65 000 dollár lehet 4 hónap alatt

    Felpörgő alternatív kriptovaluta a Dogecoin (DOGE)...

    3 hours ago
  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    4 hours ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    6 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    7 hours ago
  • Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE), który zamieni 650 USD na 65 000 USD w ciągu 4 miesięcy

    Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE)...

    7 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.