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

This Bearish Divergence Suggests Bitcoin Will Soon See a $1,300+ Pullback

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 and the aggregated crypto market are currently caught within the throes of a volatile trading session, with BTC plunging below its key $12,000 support level.

The break below this crucial support caused it to plunge as low as $11,600, with bulls stepping up and guarding against a decline beneath this level.

Analysts are now widely noting that this recent price action has struck a significant blow to the cryptocurrency’s near-term outlook.

One indicator of this newly established weakness is a bearish divergence on Bitcoin’s Renko chart. The last time a similar pattern flashed, the crypto’s price plunged by $1,300.

If history rhymes, this could mean that the overnight decline simply marks the first the early stages of a larger and farther-reaching correction.

One trader is even noting that it is now “bounce or die” for BTC – with a failure for it to surge here potentially leading to a swift movement down towards $10,000.

Bitcoin Struggles to Hold $12,000 as Buyers Show Signs of Weakness

At the time of writing, Bitcoin is trading down roughly 1% at its current price of $11,850.

The crypto slid as low as $11,600 overnight before it was able to find some notable support.

From this point forward, it has been trading between $11,800 and $11,900, which happens to be the same trading range that it was caught within before the $12,000 breakout seen just a couple of days ago.

Unless it recaptures $12,000 in the near-term, bears could have the upper hand over bears, and BTC may soon reel significantly lower.

One analyst spoke about this possibility in a recent tweet, even going so far as to note that it is now “bounce or die” for the crypto.

He also noted that a failure for it to surmount $12,000 could lead it to decline to as low as $10,000 – marking a nearly $2,000 decline from its current price level.

“Bounce or die trying. Failure to continuously close above red dotted line (scam wick support) we are retesting 10k.”

Bitcoin

Image Courtesy of Teddy. Chart via TradingView.

This Bearish Divergence Suggests a Massive Drop Could Be Imminent

Another analyst explained in a recent tweet that he believes a major drop could be imminent for Bitcoin in the near-term.

To justify this, he points to a bearish divergence on the crypto’s Renko chart, noting that a $1,300+ pullback historically follows this pattern.

“I’ll leave you with this present to take a break from opening his. The last time BTC created a divergence like this, we saw a 13% pullback (Around $1300) – history repeated?”

Image Courtesy of Cold Blooded Shiller. Chart via TradingView.

How the crypto trends in the coming few days should offer insight into whether or not this bearish possibility will come to fruition.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
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

Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising

As Bitcoin (BTC) continues to trade within striking distance of its all-time high (ATH), a noticeable shift is underway in...

Ash Tiwari 1 hour ago
XRP Price Moves Up

XRP Price Moves Up — Hurdles Ahead Could Limit Gains

XRP price started a decent upward move from the $2.150 zone. The price is now consolidating gains and might face...

Aayush Jindal 2 hours ago
Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset...

Samuel Edyme 2 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

Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Samuel Edyme 24 minutes ago

2020牛市模式7月升浪再現 分析師示警行情爆發BTCBULL成百倍幣首選!

Peter Chow 25 minutes ago
Dogecoin (DOGE) Bounces Off Lows

Dogecoin (DOGE) Bounces Off Lows, But $0.180 Cap Remains A Challenge

Aayush Jindal 1 hour ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    7 hours ago
  • O criptomonedă de top de cumpărat înainte să crească...

    7 hours ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    9 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    12 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    16 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.