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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

These 4 Trends Suggest Bitcoin’s Bull Trend Is Exhausted After Rally to $10k

Nick Chong
Nick Chong
1 year ago
2 mins read
Bitcoin price featured image

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.

Just two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included.

But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170% higher than the March capitulation lows.

It’s a stunning reversal that has analysts anticipating more upside. But according to a leading trader, there are four clear market trends indicating that for the time being, Bitcoin will see a “dip,” likely to the $8,800-9,100 level.

They are as follows.

#1: There’s a “Thick” Bitcoin Sell Wall Near $10,000

Bitfinex’s order book for its BTC/USD market, as reported by NewsBTC, is currently showing there is a colossal block of resistance around $10,000, which will halt any short-term rally in the Bitcoin price.

The data suggests that from $9,900 to $10,600, there is ~4,200 Bitcoin worth of sell orders, the majority of which are clustered in and around $10,000-10,400.

Chart from Majin (@Majinsayan on Twitter), a crypto trader.
Order book (BTC/USD) screenshot from Majin (@Majinsayan on Twitter), a prominent Bitcoin trader.

Similar sell-side walls were spotted on other top exchanges, indicating that deep pockets don’t want Bitcoin moving past $10,000 just yet.

#2: Funding Rates on Futures Exchanges Are Moving Higher

As reported by NewsBTC, one leading crypto chartist recently shared the data below, indicating that the funding rate of the Bitcoin futures contracts on OKEx — funding being the fee that long positions pay short positions — has “suddenly [trended] very high again.”

Image Courtesy of Byzantine General
Image Courtesy of Byzantine General

High funding rates coincide with market tops as it signals that long positions are overleveraged and, thus, are susceptible to being squeezed out of their positions by bears.

#3: Fear & Greed Index Hits 2-Month High

The Bitcoin “Fear & Greed Index” — which weighs factors like volume, social media sentiment, and more to try and determine how optimistic investors are feeling — recently hit a two-month high of around 50 points, according to the bearish trader.

Bitcoin Fear & Greed Index hitting two-month highs, according to trader Theta Seek.
Bitcoin Fear & Greed Index hitting two-month highs, according to trader Theta Seek.

While the index is not yet in the “greed” side of the gauge, analyses have found that high readings of this index have coincided with short-term and medium-term market tops.

#4: Spot BTC Volume Is Decreasing

Late last month when Bitcoin broke past $10,000 for the first time since February, Bitwise’s volume dashboard registered nearly $5 billion worth of spot trading volume in a single day.

That same dashboard now registers spot trading volume as $1.7 billion in the past 24 hours, indicating a strong decrease in market activity.

Bitwise trading volume dashboard
Bitwise’s trading volume dashboard as of May 18.

This indicates that much of the momentum that the crypto market had to bring BTC from $3,700 to $10,100 has been lost, with derivatives trading accounting for much of the recent price action.

Photo by Elliott Engelmann on Unsplash
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.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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 Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move

Bitcoin has gained 7% since the start of September, showing renewed strength after weeks of uneven price action. Yet, the...

Sebastian Villafuerte 2 hours ago

Noile tendințe din piața crypto: Unde se îndreaptă investitorii acum?

Piața criptomonedelor traversează o etapă intensă, în care interesul investitorilor crește pe măsură ce volatilitatea aduce noi oportunități. Bitcoin se...

antonio 2 hours ago
Dogecoin

Dogecoin Pulls Back But Ichimoku Alignment Signals Strength; See Why

Dogecoin recently faced a slight pullback after hitting a fresh high, yet its overall momentum remains firmly intact. Key Ichimoku...

Godspower Owie 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

Bitcoin

Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How

Godspower Owie 6 minutes ago
Dogecoin

Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible

Scott Matherson 1 hour ago
DeFi is de belangrijkste trend in crypto in 2025 - wordt Pendle het epicentrum?

DeFi is de belangrijkste trend in crypto in 2025 – wordt Pendle het epicentrum?

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • 6 znaczących altcoinów, które mogą wzrosnąć w październiku

    6 znaczących altcoinów, które mogą wzrosnąć w...

    51 minutes ago
  • 6 vybraných altcoinů s očekávaným růstem v prosinci

    6 vybraných altcoinů s očekávaným růstem v prosinci

    58 minutes ago
  • 9月17日のFED利下げ前に注目されるアルトコイン銘柄

    ...

    59 minutes ago
  • Pozoruhodné altcoiny a „vysoko výnosné akcie“, které přitahují velryby

    5 Criptomonede de Urmărit în Noiembrie pentru o Posibilă...

    1 hour ago
  • 6 odabranih altcoina s očekivanim rastom u prosincu

    6 odabranih altcoina s očekivanim rastom u prosincu

    1 hour 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.