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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Fakeout or Breakout? Technicals Suggest Bitcoin Is Bound For a Correction

Ali Martinez
Ali Martinez
1 year ago
3 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 lackluster price action reached a pivotal point throughout July. As the range where it was trading was narrowing over time, BTC’s price reached the lowest levels of volatility ever recorded in its 11-year history, according to Arcane Research. 

“With only 11 days left of July, we’re currently seeing the tightest monthly price range in Bitcoin’s history! We have never seen a price range this low (currently 6%), with the all-time low being 9% from May 2015,” said data-driven analytics firm.

Bitcoin's Monthly Price Range by Arcane Research

Bitcoin's Monthly Price Range Hits New All-Time Low. (Source: Arcane Research)

Nevertheless, the flagship cryptocurrency kicked off Tuesday with a bang. Its price appreciated by 2.90% to hit an intraday high of $9,440. The bullish price action got many market participants excited about what the future holds for Bitcoin, but a particular technical index suggests that the upswing could be part of a fakeout. 

The TD Sequential Turns Bearish On Low Time Frames

The Tom Demark (TD) Sequential indicator has been crucial in identifying Bitcoin’s price action. Not only was this gauge able to anticipate in mid-February that BTC was poised for a steep decline, but in mid-March, it presented a buy signal that led to its run-up to $10,000 before the halving. 

Now that the pioneer cryptocurrency has posted significant gains over the past few hours, the TD setup estimates that a pullback is underway. 

Based on BTC’s 45-min, 30-min, and 15-min charts, the renowned index presented sell signals in the form of green nine candlesticks. These bearish formations forecast a one to four candlesticks correction or the beginning of a new downward countdown. 

Bitcoin US dollar price chart

TD Setup Presents Sell Signal For Bitcoin Across Multiple Time Frames. (Source: TradingView)

A red two candlestick trading below a preceding red one candle, within any of the time frames previously mentioned, can serve as confirmation of the pessimistic outlook. 

Massive Support Wall Ahead

If sell orders begin to pile up, IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model suggests there is a considerable supply barrier that may prevent Bitcoin from a steep decline. Based on this on-chain metric, the area between $9,130 and $9,400 is on the most significant support walls ahead of the bellwether cryptocurrency. 

Around these price levels, roughly 3 million addresses had previously purchased nearly 1.80 million BTC.

Holders within this price range may try to remain profitable in the event of a downswing. They may even buy more Bitcoin to allow its price to bounce back up.

In/Out of the Money Around Price by IntoTheBlock

Massive Support Barrier Ahead of Bitcoin. (Source: IntoTheBlock)

On the flip side, the IOMAP cohorts show that approximately 1.20 million addresses bought over 800,000 BTC between $9,420 and $9,700. If Bitcoin is able to move past this hurdle, it would likely be able to resume the uptrend seen in the past few hours. 

Featured Image by Depositphotos
Price tags: btcusd
Chart from TradingView.com
Tweet123Share196ShareSend
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.

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

Satoshi-Era Bitcoin Now for Sale: Galaxy Digital Sends 1,500 BTC To Binance

Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance

Bitcoin is currently consolidating between $115,000 and its all-time high of $123,000, forming a tight range that has kept both...

Sebastian Villafuerte 4 hours ago
XRP

Analyst Says You Should Be Preparing To Exit XRP — Here’s Why

The XRP price is on the rise once again after clearing the resistance that had mounted at the $3 level....

Scott Matherson 5 hours ago
Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Woensdag verscheen een transactie waarbij een enorm aantal Pi Coin tokens van de beurs OKX naar een wallet werd verplaatst....

Lars Diederiksen 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

Bitcoin Miner Sales Surge To Highest Level Since April – Details

Bitcoin Miner Sales Surge To Highest Level Since April – Details

Sebastian Villafuerte 1 hour ago

ChatGPT預測以太坊6,000美元前技術關卡 更快達到100倍幣增長有那些山寨幣?

Mark Mak 3 hours ago
파키스탄·엘살바도르, '비트코인 협력' 논의…지금 주목할 만한 사전판매는?

파키스탄·엘살바도르, ‘비트코인 협력’ 논의…지금 주목할 만한 사전판매는?

Soyeon Lee 3 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    8 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    8 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    8 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    8 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    9 hours 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.