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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Cardano (ADA) Just Formed This Textbook Bullish Reversal Against Bitcoin

Nick Chong
Nick Chong
4 years ago
3 mins read
Cardano

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.

Since the highs that were seen in July, Cardano (ADA) has seen a strong retracement against Bitcoin. The altcoin has collapsed by dozens of percent against the leading cryptocurrency, crushed despite a rally in many other crypto assets.

Cardano may soon be able to outpace Bitcoin, though, according to a popular technical indicator that predicts reversals in the trend of an asset.

Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC

Cardano Could Soon Reverse Higher Against Bitcoin

Cardano is poised to reverse against Bitcoin to the upside according to the Tom Demark Sequential. The sequential is a time-based indicator that prints “9” and “13” candles when an asset is poised to find an inflection point in its trend.

In the case of ADA, a “buy 9” candle has formed, suggesting it will soon see upside against Bitcoin.

Chart of ADA's price action against Bitcoin since the middle of May with the Tom Demark Sequential. Chart from a Telegram channel tracking instances of the Tom Demark Sequntial "9" and "13" candles. Chart from TradingView.com

Not everyone is convinced that this scenario will play out, though.

One analyst noted that ADA is likely on the verge of “falling off a cliff,” pointing to how each of the recent rallies has been weaker as evidenced by the declining buying volume:

“Just took a look at a random major $ADA. Notice how each rally is weaker, with a smaller impulse and declining volume. There’s red flags everywhere to me. Yes there’s no confirmation but we really can see some pullbacks deeper than you expect. This looks ready to fall off a cliff.”

Image

Chart of ADA's price action against the dollar with analysis by Pentoshi (@pentosh1 on Twitter), the head technical analyst of Blockfyre. Chart from TradingView.com

This was echoed by another trader, who noted that Cardano’s price action looks exactly like it did at the start of 2019 after a parabolic rally.

Related Reading: Is BTC Really In a Bull Market? Here’s Why Analysts Think BTC Isn’t

All Eyes on Bitcoin

Volatility in the Bitcoin market, though, could suppress the price action of altcoins like Cardano.

Analysts say that in periods of low volatility, BTC has the potential to outperform altcoins. Mohit Sorout of Bitazu Capital told NewsBTC:

“Most (altcoin) cycles in crypto are centered around bitcoin volatility. When it dries up, no one wants to trade btc which becomes evident from the volume as well. This leads to a large uptick in speculation on alts, driving their prices up – typically alts with strong narratives & large scale memetic behavior get the most volumes.”

Whether or not Bitcoin sees a spike of volatility, though, is not clear.

Related Reading: DeFi Giant Compound (COMP) Dives 9%: What’s Next for the Ethereum Token?
Featured Image from Shutterstock
Price tags: adausd, adabtc
Charts from TradingView.com
Cardano (ADA) Just Formed This Textbook Bullish Reversal Against Bitcoin
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

Cardano

Cardano Charts Just Did Something They’ve Never Done Before

Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders...

Christian Encila 3 days ago
Cardano price news

Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’

Crypto-market commentator “Quantum Ascend” devoted a 8 June video to a single idea: the price structure that once catapulted Ethereum...

Jake Simmons 3 days ago
Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 5 days 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

Cardano price

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

Opeyemi Sule 4 hours ago
cardano ada adausd

The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold Prediction

James Halver 1 day ago
ada, cardano koers, waarom stijgt cardano

ADA koers pumpt harder dan Bitcoin en Ethereum – waarom stijgt Cardano?

Lars Diederiksen 2 days ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    12 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    12 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    12 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    12 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    13 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.