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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Long Term Bitcoin Indicator To Flip Bearish Ahead Of Next Manic Phase

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
bitcoin mania

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.

A long-term trend following indicator is about to flip bearish on Bitcoin for only the fourth time in the asset’s short, eleven-year history.

However, it doesn’t necessarily mean that more downside is coming for the first-ever cryptocurrency before the next bull market and manic, FOMO-buying phase begins.

Long-Term Gaussian Channel About to Flip Bearish, But Indicator Can Lag Behind Price Action

As a trader, most technical analysis done takes specific interest in shorter timeframes, such as the daily, hourly, or even 5-minute price charts. The fundamental value of the underlying asset also matters far less.

But for investors, technical analysis focused on longer-term timeframes combined with fundamental analysis is the best strategy for ongoing success.

Related Reading | Powerful Retail Crypto FOMO Spikes As Institutions Take Pause 

Some indicators are better suited for long term analysis, while others work best for short-term trading positions. However, many of these indicators that perform best on longer timeframes, act as lagging indicators and often show signals after the price action has taken place.

One such indicator is the Gaussian Channel, and it is just now flipping bearish on Bitcoin. But given the indicator’s penchant for lagging behind price action, has the bearish trend already taken place, or is more downside ahead?

Thanks to the mini parabola, a second stretch of red on the weekly Gaussian looks likely…. pic.twitter.com/ClkgRGXTZa

— dave the wave🌊🌓 (@davthewave) May 26, 2020

Bitcoin Price To Consolidate Throughout 2020, Crypto Mania Returns in Two Years

According to a highly accurate crypto analyst, Dave the Wave, the Gaussian Channel is about to turn bearish due to the lingering impact leftover from the “mini-parabola” in Bitcoin this past June.

The rally took place almost a year ago, but the lagging indicator is just now turning downward.

If the indicator does turn red, it will mark only the fourth time that the Gaussian Channel has ever turned red on Bitcoin price charts on weekly timeframes.

bitcoin price btcusd gaussian channel

In previous bear markets, the indicator turned red only once before flipping back green and going on an extended bull run.

The analyst’s chart also suggests that the rest of 2020 will be spent consolidating, while 2021 will be spent trying to break through the asset’s former all-time high at $20,000.

Related Reading | Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun 

A new push toward a new all-time and full-blown Bitcoin mania won’t return until 2022.

The Gaussian Channel’s lagging momentum fits the prediction perfectly. If the indicator does turn bearish again, and a few more months of consolidation takes place, a break above $10,000 may not happen this year.

That level being taken out is the key to triggering retail FOMO, according to top financial experts. When the cryptocurrency reclaims $20,000, however, is when the real fireworks will start.

After Bitcoin price broke above its former all-time high during the last cycle, less than 12 months later it had skyrocketed from just over $1,000 to just under $20,000.

The next major peak is predicted to reach prices as high as $1 million per BTC, so the wait will be more than worth it if these lofty predictions come true.

Tweet123Share207ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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

XRP

A New XRP Era? Crypto Educator Sees Path To $1,000

According to reports, Ripple is moving into corporate treasury services with an acquisition valued at $1 billion. The purchase, tied...

Christian Encila 3 hours ago
Bitcoin

Bitcoin LTH Inflow On Binance Surges Tenfold Within Days — What This Could Mean

After briefly taking on a structure suggesting an imminent recuperation from the October 10 market downturn, the Bitcoin price appears...

Opeyemi Sule 4 hours ago
altcoins

Altcoins Selling Pressure Persists As Exchange Inflow Hits 2025 High — Details

Altcoins have not quite recovered from the significant downturn that hit the financial markets a week ago. Most large-cap cryptocurrency...

Opeyemi Sule 8 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

Influencer Warns Bitcoin ‘Accident’ Ahead, Says Even The Ambulance Can Crash

Christian Encila 51 minutes ago
Dogecoin

Dogecoin Price Set To Go On A 2,000% Cyclical Surge To $4

Scott Matherson 2 hours ago
Het beste crypto moment is nu - iedereen verliest de hoop, volgt de bull run?

Het beste crypto moment is nu – iedereen verliest de hoop, volgt de bull run?

Lars Diederiksen 2 hours ago

Premium Sponsors

Press Releases

  • Najlepsze presale kryptowalut: dlaczego prognozuje się...

    24 minutes ago
  • 新しい仮想通貨が登場:ビットコインをより速く、低コストでDeFi対応へ導く革新プロジェクト

    ...

    6 hours ago
  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    1 day ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    1 day ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    1 day 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.