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 Jumped 140% Last Time it Registered This Key Symbol, and It’s Back Again

Nick Chong
Nick Chong
1 year ago
3 mins read
bitcoin

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.

Since the start of this year, Bitcoin (BTC) has seen its price explode higher; year to date, the leading cryptocurrency has posted a gain of nearly 30%, surging from the $7,000s to the $9,250 in a few weeks’ time.

Related Reading: Crypto Tidbits: Bitcoin Stalls Above $9,000, Andrew Yang Bumps Cryptocurrency, Japan’s Digital Currency

This seemingly marks a decisive end to the 50% downtrend that plagued Bitcoin throughout the second half of 2019, for positive technical signals have been flashing over the past few days, implying further reversal some say.

Bitcoin Begins to Print Key Reversal Signs

Cryptocurrency trader Brent or Blockchainblitz recently noted that Bitcoin’s daily chart just registered a key technical signal: the 50-day moving average just today crossed above the 100-day moving average, creating a bull cross formation.

He notes that in the past eight times this technical signal was seen since 2014, a “rip upward followed.”

Indeed, NewsBTC’s own analysis of this specific moving average cross found that this last took place when BTC was at $5,800 in early-2019, and preceded a 140% move higher. There are also the other historical instances Brent pointed to in his chart.

Golden Cross on the 1D chart today for #Bitcoin
Historically speaking, from 2014, 7 times out of the 8 this happened, a rip upward followed.$BTC pic.twitter.com/3kmvd4hemK

— Bubba (@BubbaTreks) February 5, 2020

That’s far from the only technical signal to have recently suggested Bitcoin’s rally is just starting.

Trader Coiner Yadox earlier this week gave a confluence of 25 factors why Bitcoin may restart a bull trend. Some of those are as follows, as covered by this outlet:

  • BTC recently took the monthly price support of the key 21-month exponential moving average, then closed above the 10-month exponential moving average.
  • Bitcoin’s weekly Relative Strength Index (RSI) recently moved above the key 55 range, which has historically been an inflection point for the market; when the RSI is above 55, BTC is technically in a bull market.
  • The leading cryptocurrency has moved above the 200-day moving average. Yadox said that this is a sign of a bull market, and Fundstrat’s Tom Lee agrees.

Not to mention, some of the most prominent traders (in that they have been historically accurate) have touted bullish sentiment over recent weeks.

Case in point: SmartContracter — who famously called the $3,200 Bitcoin bottom for 2018 literal months before it took place — said that there is a high likelihood of Bitcoin breaking $14,000 by the middle of 2020, likely around or just after the time of the block reward reduction in May 2020.

Not Everyone is Convinced

While there are these signs, not everyone is convinced that Bitcoin will continue higher from here.

Per previous reports from NewsBTC, Bitfinex’s top publicly-known trader, J0e007, recently said that market trends are formed by “supply/demand imbalances and backed by fiat in/out-flows.”

J0e007 continued in a later tweet that “I’ll believe it when I see the fiat inflows,” suggesting that he isn’t seeing the market data to back Bitcoin’s 50% rally from the $6,400 bottom in the past 50-odd days.

He affirmed this sentiment further down in the same Twitter thread, noting that the Tether’s flatlining market capitalization is “hard to explain from a position that we’re in the middle of a new bull market” and that Grayscale’s inflow data doesn’t convince him there is enough demand to absorb the mined supply.

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

Bitunix bonus krypto giełda promocja USDT

Nowa promocja Bitunix. Bonus w wysokości 2410 USDT na start

Bitunix – jedna z najszybciej rozwijających się giełd krypto – wystartował z nową kampanią promocyjną, która potrwa aż do 20...

News BTC 1 hour ago
Dogecoin

Analysts Predict Major Dogecoin Price Rally After Breaking 50-Day Trendline

The Dogecoin price may be setting up for a significant rally as a technical analyst identifies a bullish breakout above...

Scott Matherson 2 hours ago

Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

Long‑term holders of Bitcoin may need to see a fresh high around $140,000 before they enjoy the same kind of...

Christian Encila 3 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 Coiling Up

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

Aayush Jindal 2 minutes ago

Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

Ash Tiwari 7 minutes ago
Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level

Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level

Sebastian Villafuerte 1 hour ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    3 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    10 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    10 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    10 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    10 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.