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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Top Bitcoin Trader Offers Grave Warning to Investors Amidst Sharp Selloff

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.

Bitcoin (BTC) has seen some intense selling pressure over the past several days, with its recent flash crash from $10,200 to lows of $9,200 doing damage to the cryptocurrency’s technical strength, subsequently sparking what appears to be a short-term downtrend.

This downtrend was further confirmed when the cryptocurrency faced a swift rejection at $10,000 this past Sunday, with its subsequent price action favoring sellers.

One top Bitcoin trader who is historically bullish recently offered a grave warning for BTC bulls, with his current bearishness being a sign that the benchmark cryptocurrency could soon see significantly further downside.

Bitcoin Begins Plummeting Towards $9,000 as Top Trader Issues Grave Warning 

At the time of writing, Bitcoin is trading down over 3% at its current price of $9,400, which marks a notable decline from daily highs of $9,800 that were set around this time yesterday.

Bitcoin’s ongoing downtrend has come as the result of its recent rejection at $10,000, with its recent visit to this level occurring in the minutes following its weekly close this past Sunday.

In the time following this rejection, the crypto has been slowly grinding lower, and today’s ongoing selloff seems to suggest that BTC’s bullish market structure is beginning to degrade.

Flood – a mysterious yet highly prominent Bitcoin trader who is historically bull-biased – recently offered a warning to buyers, noting that “triple bottoms almost never fair well.”

“Bitcoin triple bottoms almost never fair well. Stay safe bulls,” he warned in a recent tweet.

https://twitter.com/ThinkingUSD/status/1232167670641913859

This warning led Romano – another prominent trader – to comment that “whenever flood isn’t bullish, you may have to reconsider your long position.”

Analyst: BTC Bound for a Dip to $9,000 as Bearish Confluence Grows 

In the near-term, analysts do believe Bitcoin will soon visit its support that exists around $9,000, which is partially due to its recent break below its previous support at $9,560.

Smokey – a well-respected cryptocurrency analyst on Twitter – spoke about this in a recent tweet, telling his followers that the chances BTC dips to $9,080 are “fairly high.”

“BTC: I think chances that we’ll retest 9080 are fairly high. Lot of confluence around that level, and 9560 is being tested frequently, and if there’s one thing we all learned in 2018, support becomes weaker the more often it’s tested,” he explained.

$BTC

I think chances that we'll retest 9080 are fairly high. Lot of confluence around that level, and 9560 is being tested frequently, and if there's one thing we all learned in 2018, support becomes weaker the more often it's tested. https://t.co/BcQHbJDZpB pic.twitter.com/HVuzxYz0Wy

— Smokey 一目均衡表 (@SmokeyHosoda) February 25, 2020

If buyers are able to defend Bitcoin from dipping below $9,000, this could be enough to catalyze a relief rally that sends it back into the mid-$9,000 region, but a break below this level could be dire.

Featured image from Shutterstock.
Tweet123Share220ShareSend
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

Comprare cripto su MEXC è Ora Più Semplice Con Apple Pay e Google Pay

La piattaforma di scambio di criptovalute MEXC introduce una nuova funzione che rende ancora più semplice per gli utenti accedere...

Orfeo Barone 2 hours ago
BEST WALLET

Najnovejša Best Wallet je na voljo v App Store in Google Play

Best Wallet v2.11 prihaja v App Store in Google Play z novimi funkcijami za transakcije in integracijo Solane. Best Wallet,...

tanjapotocnik 2 hours ago

Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details

Tron has been making headlines after bouncing strongly from its recent low. On September 6, the token slipped to fresh...

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

etf-crypto-sec-donne-feu-vert

ETF Crypto : la SEC donne le feu vert

evanss 13 minutes ago
fed-uptober-bitcoin-altseason

La Fed coupe les taux : un « Uptober » historique pour Bitcoin et l’altseason ?

evanss 48 minutes ago
trump-dogecoin-deal-75-millions-pepites-crypto-a-saisir

Trump propulse Dogecoin avec un deal à 7,5 M : les prochaines pépites crypto à saisir

evanss 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    1 hour ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    2 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    2 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    2 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    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.