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 Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • 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 Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Bitcoin Slides As Greater Financial Market Is a Sea of Red, How Far Will BTC Drop?

Tony "The Bull" Severino
Tony "The Bull" Severino
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.

Most major stock indices have collapsed under the pressure of the struggling economy. Whether it is due to the continued correlation between Bitcoin and stocks, or just general market sentiment turning bearish, the leading cryptocurrency by market cap has also started to decline.

With the rest of the market in a sea of red, and Bitcoin’s uptrend just coming to an end, how far could the cryptocurrency fall before a rebound gives the asset enough momentum for another shot at breaking $10,000?

Financial Markets a Sea of Red Following FOMC Meeting

All across the world of finance, there’s a sea of red. After most assets saw steady recoveries since the Black Thursday selloff, the rug may have just been pulled out from bullish investors hoping for the fabled V-shaped recovery.

Signs were pointing to a full recovery. The Nasdaq composite index set a new all-time high, and both the S&P 500 and the Dow reclaimed highs from February 2020. Even Bitcoin found itself retesting $10,000 yet another time.

Related Reading | Bitcoin Abruptly Surges to $10,000: But Here’s Why a Brutal Rejection Awaits 

But following yesterday’s FOMC meeting that forecasted a GDP decline of 6.5% next year, then 5% and 3.5% further declines in the years after, combined with no interest rate increases until 2022, markets began to tumble.

Even gold, which saw an initial pump at the news is down intraday. Meanwhile, the Dow dropped over 2000 points since the meeting. Other major stock indices globally saw a dramatic collapse, along with individual stock share prices.

bitcoin market sea of red

Bitcoin Dragged Down Once Again By The Dow, S&P 500, More

Although markets are resuming the turbulence from March 2020, Bitcoin, an asset known for its extreme volatility has remained relatively stable.

BTCUSD has fallen just 5% intraday, which is nothing compared to the asset’s over 20-40% intraday moves.

Bitcoin price has been rejected yet again by resistance at $10,000, further prolonging any breakout into a new bull market.

BTCUSD has been steadily rising all throughout April and May, but investors may have benefitted had they followed the sell in May and go away strategy many cylical traders swear by.

Related Reading | Bitcoin Daily Close Shows Bulls Are Losing Control: Long-Legged Doji Explained 

Today’s drop has turned the June 2020 monthly candle red, after two months of positive price growth.

The asset’s block-reward halving came and went, without any meaningful impulse to the up or downside. Instead, Bitcoin price has been trading sideways as many analysts had expected.

The brutal selloff that’s hit traditional markets has dragged Bitcoin down once again. The last time around, the Black Thursday collapse took the price per BTC back to under $4,000.

Now that a lower high was set, a lower low cannot be ruled out. However, if Bitcoin can find support before a new low is set, it could find the strength needed to finally break and hold above $10,000.

Tweet123Share206ShareSend
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

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

Prévision de Charles Hoskinson : ADA 3 $ et BTC 250 K $ en 2026, jalons à surveiller

Charles Hoskinson fait une prévision de prix Cardano à 3 $, et Bitcoin à 250 000 $ en 2026

En octobre 2025, Charles Hoskinson a de nouveau créé la surprise. Le fondateur de Cardano, connu pour sa vision long-termiste...

guillaumev 5 hours ago
Bitcoin

Why The Bitcoin Price Might Never Drop Below $100,000 Again

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants...

Scott Matherson 5 hours ago
XRP 청산 공포 속 ‘대안 알트’ 어디로? 지금 눈여겨볼 코인 5선

XRP 청산 공포 속 대안 알트? 지금 눈여겨볼 코인 5선

$XRP의 시간당 청산 불균형이 갑자기 4,455% 치솟으며, 814만 달러 규모의 매수 포지션이 순식간에 증발했다. 시장 역시 그 충격을 고스란히 체감하고 있다. 이번 급격한 반...

Soyeon Lee 6 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

Rounded Bottom Formation Shows When Dogecoin Price Will Begin ‘Flying’

Scott Matherson 1 hour ago
Bitcoin Price Breaks Down

Market Expert Reveals Why The Bitcoin Price Will Never Stop Going Up

Sandra White 2 hours ago

Bitcoin peste 126.000$: pre-vânzările atrag tot mai multe investiții

antonio 4 hours ago

Premium Sponsors

Press Releases

  • Трейдър на Shiba Inu откри най-бичията криптовалута след SHIB от 2021 г., прогнозирана да донесе 24080% възвръщаемост през 2025 г.

    Трейдър на Shiba Inu откри...

    2 hours ago
  • Прогноза за цената на Pepe: Анализатор предвижда 13-кратен ръст до 2026 г., а един токен позволява неговото копаене

    Прогноза за цената на Pepe...

    2 hours ago
  • Traderul Shiba Inu descoperă cea mai optimistă monedă de la SHIB din 2021, prezisă să atingă un ROI de 24.080% în 2025

    Traderul Shiba Inu descoperă cea mai optimistă monedă de...

    2 hours ago
  • Pepe árjóslat: Az elemző 13-szoros növekedést jósol 2026-ra, és egy token lehetővé teszi a bányászatát

    Pepe árjóslat: Az elemző 13-szoros növekedést jósol...

    3 hours ago
  • Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a 2021-es SHIB óta, amelyről azt jósolják, hogy 2025-re 24 080%-os hozamot (ROI) érhet el

    Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a...

    5 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.