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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin (BTC) Clears $7,500, This Is Just the Beginning–Mati Greenspan

Dalmas Ngetich
Dalmas Ngetich
1 year ago
2 mins read
bitcoin crypto

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  • Bitcoin (BTC) surge, up 34 percent
  • Mati Greenspan confident that Bitcoin prices will surge to new highs as momentum builds up

Prices may correct, that’s a possibility. However, unlike the deep correction of 2018, there is increasing awareness around Bitcoin and cryptocurrency in general. That is perhaps the reason why Mati Greenspan of Etoro is confident that BTC is in the early stages of a humongous bull rally in waiting.

Bitcoin Price Analysis

Fundamentals

It’s all about price and ROI, and if that is the metric for gauging success, then Bitcoin investors are on a roll. After a deep and bruising crypto winter when Bitcoin prices dropped, hauling altcoins to their Dec 2018 dredges, asset prices are now bouncing back to the elation of the community.

In five short weeks, Bitcoin is up, more than doubling after bottoming up from $3,200 in mid-Dec 2018. Spurred by improving fundamentals, regulation and the change in sentiment, the crypto space is vibrant. Even so, according to Mati Greenspan, a vocal Market Analyst at Etoro, he believes that the crypto market is at the early stage of an impending bull cycle. To him, it is true that Bitcoin has been building momentum, but this is “in the early part of its cycle” adding that “right now we’re coming off that huge retracement and are only seeing a small rise.”

If his overview is correct than odds are not only will Bitcoin prices surge above $20,000, but accompanying volumes will explode, surpassing those of May-11 when Bitcoin-related volumes soared to new highs. All this points to a shift, a wave that is cementing Bitcoin’s position as a market leader whose underlying technology is poised to disrupt and positively impact processes.

Candlestick Arrangement

Bitcoin BTC

At the time of press, Bitcoin (BTC) is up 34 percent from last week’s close—and the trend is clear. Bulls are in control, if not marauding, shooting down bears. Prices are volatile, wide ranging and with volumes behind it, the resulting blast-off mean prices are trending above $7,500, our immediate resistance. If anything, every low should be a buying opportunity with targets at $8,500.

Technical Indicator

In light of the above, our anchor bar is May-11 wide-ranging bull bar—37k against 15k averages. Any bear bar reversing recent gains must be at the back of high volumes exceeding 41k of May-12. If not then it must exceed 37k of May-11. Conversely, trend confirmation above $8,500 must be with equally high participation levels.

Chart courtesy of Trading View

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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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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.

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Reason to trust

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