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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin’s Current Decline Could Be Temporary—Key Signs of A Rally Revealed

Samuel Edyme
Samuel Edyme
11 months ago
2 mins read
Bitcoin Current Decline Could Be Temporary—Key Signs of A Short tRally Revealed

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 (BTC) has seen a slight price decline recently, but according to a new analysis, there could still be signs of a potential short-term uptrend.

A CryptoQuant analyst, Yonsei Dent, shared his insights on the CryptoQuant QuickTake platform, focusing on the Coinbase Premium Index and its impact on Bitcoin’s price movement.

Related Reading

Bitcoin price crash

Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash

11 months ago

Key Indicators For Bitcoin Short-Term Momentum

Dent’s analysis takes a closer look at how the movement of the Coinbase Premium Index—a measure of the price difference between Bitcoin on Coinbase and other exchanges—could indicate potential price trends for Bitcoin.

Dent highlighted using the daily (24-hour) and weekly (168-hour) moving averages to assess short-term momentum. Specifically, when the daily moving average breaks through the weekly moving average, it has historically been a positive signal for Bitcoin’s price.

Dent referred to past instances where this technical pattern, often called a “golden cross,” indicated a short-term increase in Bitcoin’s value.

Bitcoin Coinbase premium index.
Bitcoin Coinbase premium index. | Source: CryptoQuant

For context, a golden cross in technical analysis occurs when a short-term moving average (typically the 50-day) crosses above a long-term moving average (often the 200-day).

This pattern is considered bullish, indicating potential upward momentum in an asset’s price. It suggests that buying interest is increasing, and the market sentiment is shifting toward optimism.

The daily moving average has temporarily broken through the weekly moving average, leading Dent to suggest that this could be a key support level for Bitcoin, particularly around the $66.4,000 mark.

Higher Lows And Positive Momentum Could Indicate Uptrend

So far, BTC has continued to gradually decline after attempting to reclaim the $70,000 price mark on Monday. This suggests the asset might have met a major resistance around that price region. At the time of writing, BTC has dropped by 2.2% in the past day with a current trading price of $65,832.

Bitcoin (BTC) price chart on TradingView
BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Despite this current price movement, Dent’s analysis points out that the asset has been forming higher highs and higher lows since August, which is generally considered a bullish pattern.

Related Reading

Bitcoin

Bitcoin Price Corrects Some Gains: A Pause Before the Next Move?

11 months ago

This upward structure, where both the lows and highs gradually increase, could signal that the market is building toward a more sustainable price recovery.

Dent’s reference to the Coinbase Premium Index further strengthens this possibility, as increased premiums on Coinbase often indicate stronger buying pressure from institutional investors based in the US. The analyst expects this upward momentum to continue in the short term if the current patterns hold.

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

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

More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play

Bitcoin’s weekly chart is at a pivotal point, with price action hovering around key structural levels. Traders are now questioning...

Godspower Owie 11 hours ago
XRP

XRP Price To Crash 40%? Analyst Reveals Worst-Case Scenario

XRP has found itself back under the microscope as bullish momentum is yet to return with full force. Another weekend...

Scott Matherson 12 hours ago
Bitcoin

Bitcoin May See Selloff If $100,000 Support Fails — Here’s Why

After a short-lived display of bullish momentum, where price returned as high as about $116,000 after the tariff-induced flash crash,...

Semilore Faleti 14 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 Slips Below STH Cost Basis – Why This Could Be A Buy Signal?

Semilore Faleti 3 hours ago
Bitcoin

Investors Pile In After Bitcoin’s Decline — Here’s What It Could Mean

Semilore Faleti 8 hours ago

$536M In Sell Pressure: Why Bitcoin And Ethereum Prices Crashed

Scott Matherson 9 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格動向:$4,232のレジスタンス再試し後に下落、しかし新興格安仮想通貨が10倍の可能性

    イーサリアム...

    6 hours ago
  • ビットコイン 今後の価格見通し:下降トライアングル崩壊後、10万5,000ドルを下回る可能性はあるか?

    ビットコイン...

    7 hours ago
  • シバコイン 今後はどうなる?価格予測と3日後に終了する注目プレセール

    シバコイン...

    7 hours ago
  • パイネットワーク 価格 予測:1ドル以下で注目される次世代の有望仮想通貨が投資家の注目を集める

    パイネットワーク 価格...

    7 hours ago
  • ドージコイン 今後:ナスダック報道後の大規模売却、次の大きな動きの前兆か?

    ドージコイン...

    7 hours ago

Newsletter

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.