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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

“Don’t Get Left Behind”: Bitcoin Forms Signal Seen Before 2017’s 2,000% Rally

Nick Chong
Nick Chong
1 year ago
2 mins read
Bitcoin price

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.

It’s been an explosive past few days for the Bitcoin market. Even after a slight correction from the $11,500 highs, the asset remains up nearly 20% in the past seven days alone.

Some analysts are still pricing in a correction, arguing that bulls are overextended here. They cite funding rates, which is the fee that long positions pay short positions in perpetual futures markets to normalize market conditions. Funding rates are currently at highs not seen since previous Bitcoin tops.

Yet a trader is reminding his followers and Crypto Twitter not to get left behind on a macro scale.

Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, DeFi Still in Vogue

Bitcoin Bullish on a Macro Scale, Suggests Pivotal Trend Indicator

According to a chart shared by a crypto trader on July 28th, a crucial trend indicator suggests that Bitcoin will move higher on a macro scale.

The trend indicator is known as the “CM Super Guppy” — and it’s had extreme accuracy in predicting macro BTC moves. It recently flipped green on Bitcoin’s one-week chart, suggesting the formation of a macro uptrend.

The Super Guppy has trended green on Bitcoin’s one-week chart only on a few occasions: once in late-2012, prior to the rally from literal dollars to $1,000; once in late-2015 to preceded the parabolic explosion to $20,000; and once in 2019, before it temporarily turned grey.

Commenting on the importance of the recent signal, the trader who shared the chart below remarked:

“The most bullish asset of the last decade ready to continue the trend. Don’t get left behind.”

Image

Chart of BTC's macro price action with a technical indicator known as the "Super Guppy" by trader Inmortal technique (@Inmortalcrypto on Twitter). Chart from TradingView.com

Extremely Strong Fundamentals

Corroborating the idea that Bitcoin is entering a longer-term uptrend is fundamental trends.

For one, the vast amount of money printing that is taking place to stop the world from suffering from the effects of the pandemic is expected to be a boon for Bitcoin. Paul Tudor Jones, a billionaire hedge fund manager, commented on Bitcoin in a May note:

“I am not an advocate of Bitcoin ownership in isolation, but do recognize its potential in a period when we have the most unorthodox economic policies in modern history. So, we need to adapt our investment strategy.”

There was also recent news that U.S. banks now have the authority to hold cryptographic keys to crypto wallets. That’s to say, they can now be custodians to Bitcoin, Ethereum, or other digital assets.

Analysts within the space think this news will be an accelerant for growth in the cryptocurrency industry. Though it is important to note that banks holding cryptocurrency is against the ethos of the industry.

Related Reading: On-Chain Metric Signals the BTC Market Isn’t Overheated: Why This Is Bullish
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from Tradingview.com
"Don't Get Left Behind": Bitcoin Forms Signal Seen Before 2017's 2,000% Rally
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

Here’s What Will Happen If The Bitcoin Price Can Manage A Clean Break Above $108,500

A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs...

Scott Matherson 3 hours ago
gamestop-inspired-a-lingerie-mma-league-to-buy-bitcoin-subbd-token-soars

GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars?

Shaun Donelly knows a hot item when he sees one – and Bitcoin’s the hottest item of them all. The...

Aaron Walker 4 hours ago
BitMine

BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on...

Ronaldo Marquez 5 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 Price Risks Market Crash After Closing Below Final Weekly Resistance

Scott Matherson 24 minutes ago
bitcoin

Bitcoin Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing?

Ash Tiwari 1 hour ago
Ethereum

Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    14 minutes ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    35 minutes ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    47 minutes ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    5 hours ago
  • 仮想通貨プレセール終了間近|上場価格で購入できる最後の7日間がスタート

    ...

    5 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.