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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

This Technical Index Forecasts a Bloody Week for the Cryptocurrency Market

Ali Martinez
Ali Martinez
1 year ago
2 mins read

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.

More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.

Bitcoin current chart thoughts. Have had a low conviction long bias from mid 6000's pic.twitter.com/KtNlJ4GFNf

— Thomas Thornton (@TommyThornton) April 23, 2020

A Sell Signal Across All Major Cryptocurrencies: Bitcoin, Ethereum, and XRP

The TD sequential indicator is currently presenting a sell signal across the 12-hour chart of the top three cryptocurrency by market cap, Bitcoin, Ethereum, and XRP. The bearish formations developed in the form of green nine candlesticks.

A further spike in selling pressure could validate these signals potentially triggering a one to four candlesticks correction that would likely be seen throughout the entire market before the uptrend resumes.

Bitcoin, Ethereum, Litecoin US dollar price chart
The TD Sequential Index Presents A Sell Signal for Bitcoin, Ethereum, and XRP. (Source: TradingView)

Bitcoin

If this were to happen, a downward impulse around the current price levels may see Bitcoin dropping to its 50 or 100-twelve-hour moving average. These support barriers are hovering around $7,100 and $6,700, respectively.

Bouncing off this demand zone could propel the flagship cryptocurrency towards higher highs.

Bitcoin US dollar price chart
Bitcoin Could Drop to Its 50-MA. (Source: TradingView)

Ethereum

Along the same lines as the top cryptocurrency, an increase in supply might have the strength to push Ethereum down to the 23.6% Fibonacci retracement level. This hurdle sits at $174 and falling to it will represent an 11% pull back from the current price levels.

If the 23.6% Fibonacci retracement level proves to be an area of high interest for market participants to re-enter their long positions, then Ether may be able to rebound to face the next resistance wall at $230.

Ethereum US dollar price chart
Ethereum May Find Support Around the 23.6% Fib Level. (Source: TradingView)

XRP

Finally, Ripple’s cryptocurrency, XRP, appears to be consolidating within different support and resistance levels since the beginning of the month. By taking these price points into consideration, it is reasonable to assume that a confirmation of the sell signal provided by the TD sequential indicator would likely see this altcoin plummeting to the $0.19 or $0.18 support zone.

An increase in demand around this area could send the cross-border remittances token back to resistance around $0.20.

XRP US dollar price chart
XRP Sits Between Support and Resistance. (Source: TradingView)

Overall Cryptocurrency Market Sentiment

The Cryptocurrency Fear and Greed Index noticed a shift in the sentiment among investors. As optimism grows about the future, fewer market participants are concerned over another significant downturn. Consequently, this fundamental index moved from a value of 21 (extreme fear) to a score of 28 (fear).

Due to the unpredictability of the market and the positivism seen among investors, every chart pattern and index must be taken with a grain of salt. Therefore, an increase in the buying pressure behind the cryptocurrencies previously mentioned could put in jeopardy the bearish outlook.

Under such circumstances, the recent highs made by each of these cryptocurrencies are key levels to pay attention to. A 12-hour candlestick close above these highs would likely ignite a stage of FOMO (fear-of-missing-out) among investors. Those who rush to buy may help push prices to further up.

Featured Image from Unsplash
Tweet123Share268ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

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

Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly...

Semilore Faleti 12 hours ago
Bitcoin

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Over the last month, Bitcoin ranged within the $100,000 — $110,000 price region until its recent breakout to reach a...

Opeyemi Sule 14 hours ago
XRP

XRP To Hit $4 This Week? This Crypto Expert Thinks So

XRP is back in the spotlight after a sudden pop in price. At press time, the token traded at $2.80,...

Christian Encila 11 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

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

Scott Matherson 5 hours ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Christian Encila 6 hours ago
Ethereum

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

Semilore Faleti 9 hours ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    8 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    8 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    9 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day 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.