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: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • 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: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

This One Trend Could Be a Precursor to An Even Bigger Bitcoin Rally

Nick Chong
Nick Chong
1 year ago
2 mins read
btcusd

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.

Despite the retracement since Friday’s $6,900 top, Bitcoin remains decisively higher than it was three days ago, when it was wallowing in the low-$5,000s as investors feared a deeper crash. 

According to a prominent cryptocurrency trader, a trend has appeared on BitMEX’s futures market that suggests bulls remain in control.

BitMEX’s Funding Rate Signals Good Things For Bitcoin

In a note published to his Telegram channel, Joe McCann, a Wall Street trader-turned-AI and Cloud specialist at Microsoft (and crypto analyst), remarked that BitMEX’s funding rate (the rate longs pay to shorts or vice-versa) is “exactly what bulls want to see:

Negative rolling rate, lowest print is very low, high print is not crazy, and price is quickly regaining steam.

This confluence, McCann wrote, is likely going to start to see longs “bid the price [of Bitcoin] higher.”

Related Reading: Is The Crypto Market Bottom In? This News Headline Suggests It’s Near

Not Bitcoin’s Only Bull Catalyst

This is far from the only trend that has analysts bullish on Bitcoin.

Su Zhu, CIO and CEO of Three Arrows Capital, remarked that Bitcoin could rally to $50,000 “relatively quickly,” which would mark a 730% gain from the current price of $6,000.

https://twitter.com/zhusu/status/1240193548454002688

As to why he thinks such explosive growth can take place in such a short amount of time, Su looked to the fact that several emerging markets are “now pricing in significant risk of sovereign defaults.” Su Zhu added that with the U.S. dollar set on a course for inflation “it will be hard to turn back from,” which has been corroborated by trends in the bond market.

All this gives the decentralized and disinflationary Bitcoin a chance to shine.

$6,400 Is Key

Notably, though, BTC remains under $6,400, which isn’t the best sign for the cryptocurrency’s rally.

Prominent cryptocurrency trader Josh Rager remarked that despite the recent rally, Friday’s candle close saw Bitcoin close under this level, which is important because it is the “macro point of control,” effectively making it the cryptocurrency’s most important price point, at least over the past two years.

Related Reading: Analyst Who Predicted Bitcoin’s January Rally Thinks 700% Surge Is Possible: Here’s Why

Indeed, $6,400 marked the bottom of the drop in December, while also acting as support during 2018’s bear market, during which BTC tested the low-$6,000s on multiple occasions before the 50% crash lower in November and December.

Featured Image from Shutterstock
Tweet123Share225ShareSend
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

Dogecoin news

Elon Musk Mentions Dogecoin Again — Is The Meme Coin About To Rally?

Elon Musk waded back into the money-meets-energy debate on X today, endorsing Bitcoin and Dogecoin. The Tesla CEO replied to...

Jake Simmons 1 hour ago
Solana

Historic Liquidation Event Highlights Solana Resilience Against Ethereum, Which Is Leading?

The sudden and violent market correction triggered by geopolitical shockwaves served as an unprecedented stress test for the entire cryptocurrency...

Godspower Owie 2 hours ago

Wall Street Pepe 現已上線 Solana 統一 WEPE 代幣空投已到達

Wall Street Pepe (WEPE)今天正式跳上 Solana(SOL),橋接代幣空投已經完成。 最初誕生於以太坊(ETH)的 WEPE,如今通過 Wormhole 橋進入 Meme 幣世界...

newsbtc 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

Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover?

Christian Encila 6 minutes ago
Bitcoin Price Under Pressure

Bitcoin Price Under Pressure – Charts Turn Bearish As Bulls Lose Control

Aayush Jindal 44 minutes ago

DeepSeek AI最新預測:點名Solana、XRP、Chainlink與Bitcoin Hyper成年底翻倍焦點

Mark Mak 52 minutes ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    11 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    12 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    12 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    13 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    13 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.