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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Tezos’s XTZ Could Hit Historic High against Bitcoin in 2020

Yashu Gola
Yashu Gola
5 years ago
2 mins read
tezos, cryptocurrency, bitcoin, xtzbtc

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.

  • Tezos’ native token XTZ is steadily trending upwards against Bitcoin since October 2019.
  • A medium-term ascending trendline is offering strong support to the said uptrend.
  • Favorable fundamentals and technicals could lead XTZ to establish an all-time high in bitcoin-enabled markets.

Tezos blockchain’s native asset XTZ could register a historic high against Bitcoin in 2020 despite facing the risks of deeper dives.

The tenth-largest cryptocurrency surged by circa 313 percent after bottoming out near 7,963 sats in October 2019. At its highest, XTZ was trading at 38,644, but a Coronavirus-induced sell-off led it lower towards a fresh 2020 low of 24,596. Nevertheless, it has since rebounded impressively, marking one of the best recoveries among the top crypto assets.

tezos, cryptocurrency, bitcoin, xtzbtc
XTZBTC rose steadily, supported by a medium-term ascending trendline | Source: TradingView.com, Binance

XTZ’s uptrend received ample technical support from a medium-term ascending trendline, as illustrated in the chart above. Each of the cryptocurrency’s downside correction since October 2019 landed at the purpled line. Traders used the level as their cue to accumulate, giving prices the much-needed bounce back.

So it appears, the market is looking forward to repeating the bullish fractal. XTZ last bounced from the trendline April 6 – and has since extended its rebound by 36.52 percent.

Pullback before Gains

Popular Crypto Youtuber Quentin Francois sees the Tezos price testing resistance near 34,202 sats and then falling back to retest the trendline. But the trader seems convinced that XTZ’s long-term price target is way beyond its all-time high of 40,495. Excerpts from his statements:

“A very good-looking chart is that of Tezos’s XTZ. Currently sitting at resistance, it looks like it wants more though. A possible pullback towards 29600 sats before another attempt to break the resistance and attack the all-time high vs BTC.”

XTZ’s likelihood to fall below its ascending trendline support is also high. The reason lies in the macroeconomic sector that is seeing investors dumping risk-on assets for cash. That is due to the fast-spreading novel Coronavirus that has locked down economies all around the globe.

Investors, most likely, could utilize XTZ’s impressive gains to go back into the bitcoin or US dollar market. Nevertheless, holding the ascending trendline support would preserve the altcoin’s long-term bullish target above 40,495 sats.

Favorable Tezos Fundamentals

XTZ’s price rise also came on the back of a string of positive developments in the Tezos blockchain ecosystem. First, it bagged new clients in the Digital Transfer Agent platform Vertalo and trading system tZero. They want Tezos ledger to tokenize $300 million worth of real estate properties.

Second, Ethereum developer Truffle announced that it would allow its users to develop and deploy apps on the Tezos blockchain.

Photo by Christopher Burns on Unsplash

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

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

Chainlink: Πού κατευθύνεται η τιμή μετά την εντυπωσιακή άνοδο;

Η Chainlink (LINK) επιστρέφει δυναμικά στο επίκεντρο του ενδιαφέροντος, μετά από μια θεαματική πορεία τιμών που προκάλεσε αίσθηση στην αγορά....

Ιωάννης Ριζόπουλος 1 hour ago
stellar xlm xlmusd

XLM Battles $0.45 Resistance Again: Is This the Breakout That Finally Sparks a Run to $1?

Stellar (XLM) has made its fourth attempt since June to break the $0.45 resistance, though it now trades at $0.36...

James Halver 1 hour ago
bingx

Το BingX δείχνει τον δρόμο στα κρυπτονομίσματα – Πως θα διεκδικήσετε έπαθλο $5.000

Η πλατφόρμα BingX συνεχίζει να καινοτομεί, αυτή τη φορά με μια δυναμική καμπάνια που φέρνει στο επίκεντρο τους χρήστες της....

Ιωάννης Ριζόπουλος 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-resistance-ema-hashrate-record

Dogecoin : test de la résistance EMA à 0,22 $ et un hashrate en plein record

guillaumev 47 minutes ago
XRP

XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming

Scott Matherson 52 minutes ago
Analist waarschuwt: XRP ETF's kunnen mislukken - Wall Street reuzen blijven weg

Analist waarschuwt: XRP ETF’s kunnen mislukken – Wall Street reuzen blijven weg

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • Earn 1,000 XRP Daily? Rich Miner Cloud Mining Enables...

    53 minutes ago
  • ドージコイン 今後の価格予測:DOGEのゴッドキャンドルが間もなく出現か – 1ドル未満の最後のチャンス?

    ドージコイン...

    59 minutes ago
  • ETF承認でXRPは7ドルに到達か?アナリストが見るリップル 今後の4ドルと7ドルの価格予測

    ...

    1 hour ago
  • 専門家が予測する100倍の成長と、機関投資家の役割

    イーサリアム...

    1 hour ago
  • 残りわずか3日!仮想通貨プレセールで話題の新興ミームコインが資金調達300万ドル達成

    ...

    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.