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

Bitcoin Could Soon See Explosive Momentum if It Shatters One Key Level

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’s bulls are flexing their strength today, pushing the benchmark digital asset towards $11,000 as they attempt to reverse the recent downtrend that it has been caught within.

There’s no doubt that today’s move – coupled with that seen yesterday – is positive for the crypto’s near-term outlook, but it is important to keep in mind that BTC has yet to break above its key $11,000 resistance.

This price region was previously strong support, and a failure for it to be decisively reclaimed could prove to be dire for the cryptocurrency.

One analyst observed that BTC is also currently trading below a key technical resistance level, with its reaction to this level likely offering some insights into its near-term trend.

While a rejection here would be grim, a break above it could catalyze an explosive move higher.

There are also some fundamental factors working in the benchmark digital asset’s favor, including the fact that there are currently more people selling their BTC at a loss than at a profit – signaling that recent top buyers are taking this upswing as an opportunity to exit.

History reveals that this is a bullish trend.

Bitcoin Shows Signs of Strength as Buyers Take Aim at $11,000

At the time of writing, Bitcoin is trading up just under 2% at its current price of $10,830. This marks a notable upswing from recent lows of $9,900, but it is still trading well below its $12,400 yearly highs.

While speaking about the digital asset’s near-term outlook, one analyst explained that it may all depend on its reaction to the upper boundary of its cloud, which sits just above where it is currently trading.

“The cloud doing its thing… Nuke past it or retrace?” he asked while pointing to the chart seen below.

Bitcoin

Image Courtesy of Teddy. Chart via TradingView.

Recent Buyers are Selling BTC at a Loss; Here’s Why This is Bullish

Another trend to be aware of is that recent Bitcoin buyers are currently taking this uptrend as an opportunity to exit their positions.

One trader is noting that this is a historically bullish occurrence, as it typically takes place during the early stages of a bullish trend reversal.

“We almost have more people selling at a loss than for profit. This is bullish in case you didn’t know,” he explained.

Image Courtesy of Byzantine General. Chart via TradingView.

The confluence of growing technical strength coupled with bullish trends surrounding the crypto’s investor base seems to indicate that upside may be imminent.

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

Saylor (Strategy): Acquisto Bitcoin da 530 Milioni di Dollari

Strategy (ex MicroStrategy), il principale detentore di Bitcoin (BTC) al mondo, si avvicina a un traguardo storico: il possesso di...

clararosati 1 hour ago
Strategy

Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase

Strategy (previously MicroStrategy), the leading corporate holder of Bitcoin (BTC), is on the verge of reaching a significant milestone as...

Ronaldo Marquez 2 hours ago

Labākās kriptovalūtas, ko iegādāties jūlijā – nākamie kriptovalūtas dārgakmeņi

Kriptovalūtu tirgus atgūstas, un ar jūlija iestāšanos pieaug interese par kriptovalūtām. Šīs digitālās valūtas, sākotnēji radītas kā joks, tagad kļuvušas...

lasma 3 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

gamestop-inspired-a-lingerie-mma-league-to-buy-bitcoin-subbd-token-soars

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

Aaron Walker 2 minutes ago

如何購買TOKEN6900($T6900)  為何這枚迷因幣將全面取代SPX6900

Mark Mak 1 minute ago
BitMine

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

Ronaldo Marquez 45 minutes ago

Premium Sponsors

Press Releases

  • 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!

    ...

    20 minutes 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

    ...

    35 minutes ago
  • From traditional mining to smart contract mining, XRP...

    46 minutes ago
  • 初の国家デジタル通貨銀行で銀行業界が新時代へ:今買うべき仮想通貨おすすめとは?

    ...

    51 minutes ago
  • 新しい仮想通貨プレセール開始|次世代の革新的ミームコインが登場か?

    ...

    1 hour 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.