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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • 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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Bitcoin’s Outlook Darkens as Bearish Pattern Emerges: Here’s How Low It Could Go

Cole Petersen
Cole Petersen
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.

Bitcoin’s near-term outlook is growing gloomy as it continued trading within the mid-$9,000 region.

After attempting to break above $10,000 yesterday, the benchmark cryptocurrency is now facing heightened selling pressure that has led it down towards $9,500. The support here has been strong in the past, but it remains unclear as to whether it will remain that way in the near-term.

Analysts are now widely noting that the price action seen throughout the past couple of days has done some serious damage to its mid-term outlook.

This damage is primarily rooted in a bear-favoring distribution pattern that recently emerged, which has led some analysts to believe that its mid-term technical strength is now faltering.

As for how low this could lead the crypto, one analyst is offering a downside target within the $8,000 region.

Bitcoin Flashes Some Signs of Weakness as Momentum Falters

At the time of writing, Bitcoin is trading down just under 4% at its current price of $9,400. This marks a notable decline from daily highs of over $10,000 that were set around this time yesterday.

Analysts do believe that the cryptocurrency could be positioned to see further weakness due to its inability to maintain around its range-highs of $9,800.

The decline seen today led BTC to as low as $9,500 before it found some strong support. It is possible that the buying pressure here will slow its descent in the near-term.

The rejection at $10,000 seen yesterday was simply the latest in a series of rejections that have been seen over the past few months. If it is unable to stabilize above this price and surmount $10,500, it could be poised to see serious downside.

One analyst also noted that the recent price action seen by BTC seems to confirm that it has been forming a distribution pattern over the past several weeks and months.

“It certainly looks much more like distribution with today added in, the volume profile, and now structure break. Yesterday’s close pos deviation,” he said while pointing to the chart seen below.

Bitcoin
Image Courtesy of Pentoshi

Here’s Where Analysts Think BTC Will Move Next

The distribution phase seen above does indicate that Bitcoin could soon decline as low as $7,000 in the weeks ahead – should the pattern be confirmed by a break below BTC’s range lows at $8,600.

Another analyst recently offered a grim outlook for where Bitcoin could trend in the coming weeks.

He notes that its inability to break above the upper-$9,000 region has severely degraded its technical strength, opening the gates for a decline to $8,100.

“Unless we start seeing acceptance above 9.9k this is what I see,” he said while pointing to the chart seen below.

Image Courtesy of George
Featured image from Shutterstock.
Tweet123Share211ShareSend
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.

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

bitcoin-price-forecast-fed-rate-cut-rally-120k-next-100x-altcoin-tw

比特幣價格預測降息引發上漲目標12萬 下個100倍幣關注焦點是這個!

在眾多投資者盯著比特幣每日兩趟的K線起伏時,喜馬拉雅山脈之中,一個鮮有人提起的內陸國度卻悄然做出一筆交易:不丹,這個以快樂指數而非GDP著稱的國家,從政府關聯錢包中移轉出913枚比特幣,價值約1.07...

Mark Mak 3 hours ago
Bitcoin Price Retreats Lower Again

Bitcoin Price Retreats Lower Again – Is This Just a Healthy Dip?

Bitcoin price failed to extend gains above $117,750. BTC is now moving lower and might even test the $113,200 support...

Aayush Jindal 5 hours ago
Bitcoin

Bitcoin Price On The Verge Of Explosive Move: Here’s The Only Condition

Bitcoin’s slow ascent towards establishing new highs has continuously encountered significant opposition in the past few weeks. As the market...

Opeyemi Sule 13 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

Binance Coin's Epic 10% Rally: Which Best Altcoins Will Explode Next?

Binance Coin’s Epic 10% Rally: Which Best Altcoins Will Explode Next?

Aaron Walker 3 minutes ago

Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level

Scott Matherson 1 hour ago
비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

Soyeon Lee 3 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    2 days ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    2 days ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    2 days ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    2 days ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    2 days 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.