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 Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • 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 Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Analyst Calls Sunday’s Jump, Expects Bitcoin to Hit $20,000 by March; Here’s Why

Nick Chong
Nick Chong
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.

Some four days ago, a Bitcoin analyst going by “Velvet” posted the chart below. In it is depicted BTC’s price action for the past 18 months, a Fibonacci Retracement of the $3,150 to $13,800 move, two trendlines, a moving average, and a vertical date marker for December the 22nd.

$BTC #BTC #BTCUSD

Presented with no comment: pic.twitter.com/hRrDaqM2IQ

— MAXi. (@888Velvet) December 19, 2019

Velvet presented the chart with “no comment,” leaving many bewildered as to what he was implying by posting this Bitcoin chart.

Related Reading: XRP is Down 95% from Its 2018 Peak; What’s Next for the Embattled Crypto?

Though on Sunday and today, we got our answer: yesterday morning, December 22nd, BTC finally broke out, surging higher from the $7,100 base it was building for days on end. As of the time of writing this, the cryptocurrency has topped $7,600, up some 7% in the past 24 hours.

The updated version of this chart shows Bitcoin breaking cleaning through the upper trend line, marked in green, on the vertical date marker. This move has also allowed BTC to hold the aforementioned moving average and the 0.618 Fibonacci Retracement.

In other words, Velvet called the recent reversal to the date, which is rather difficult in such an unpredictable and volatile market as cryptocurrency. Here’s more on what he expects for Bitcoin to do next.

Related Reading: Why Bitcoin Price Just Got a Major Boost For the Next Rally

Bitcoin to Hit $20,000 by March?

Earlier this week, Velvet posted the below analysis, which stated that yesterday’s weekly close was very important, as Bitcoin bulls need to hold the trend line depicted in red. For reference, the trend line in question, which always ended up in bear markets when BTC crossed below it, currently sits in the high-$6,000s, which BTC just closed above.

If Bitcoin rides that level, Velvet remarked that Bitcoin “could see $20,000 by March,” referencing the fact that prior to previous halvings, BTC always surged, rallying higher on the expectation that a negative supply shock would hit the market.

#BITCOIN $BTC #BTCUSD

Real talk: This week is very important!

The only thing that matters now is holding the trend (red line)! (Current UP)

Every time we lost it, we ended up in a BEAR market! Only this time.. the market will crash!

👉 If we HOLD it we could see 20K by march pic.twitter.com/qrmAnu6weO

— MAXi. (@888Velvet) December 18, 2019

Although this may seem highly optimistic, there are some signs that this is a bona fide possibility.

Thomas Thornton, a hedge fund services specialist, recently noted that Bitcoin’s chart on Bloomberg recently printed a “buy 13” candle, according to the TD Sequential Combo indicator.

13 candles, the TD Sequential suggests, are indicative of impending price reversals. That’s not to mention that such candles were seen when Bitcoin hit $20,000 in December 2017 and when  BTC cratered to $3,150 on December 14th last year.

Related Reading: Why Bitcoin Price Could Drop 20% to $5,500 Before Rebounding
Featured Image from Shutterstock
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

altcoini

Top 3 altcoini, ki jih je vredno kupiti v oktobru

Ko kriptotrg ponovno pridobiva zagon, ponovno pritegnejo pozornost altcoini. Oktober, ki je v zgodovini kriptovalut znan kot mesec presenečenj, kaže,...

tanjapotocnik 3 hours ago
BTC HYPER

Kiti vlagajo v kripto, BTC HYPER na 22 milijonov $

Bitcoin Hyper (HYPER), najhitrejša veriga Bitcoin Layer-2, je po tem, ko je konec tedna presegla vrednost 21 milijonov dolarjev. V...

tanjapotocnik 3 hours ago

Arthur Hayes: Η τολμηρή πρόβλεψη για το Bitcoin – Μιλά για πιθανή άνοδο 10x

Ο Arthur Hayes, συνιδρυτής και πρώην CEO του ανταλλακτηρίου BitMEX, προκάλεσε έντονη αίσθηση στις αγορές με τη νέα του, άκρως...

Ιωάννης Ριζόπουλος 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

Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October

Scott Matherson 18 minutes ago
XRP

Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants

Christian Encila 1 hour ago
altcoini

Altcoini bodo v 72 urah vzbudili veliko zanimanje

tanjapotocnik 3 hours ago

Premium Sponsors

Press Releases

  • Krypto trader říká, že altcoin ze Solana stacku je před průrazem v následujících týdnech, aktualizuje výhled na Bitcoin

    Krypto trader říká, že altcoin ze Solana stacku je...

    12 minutes ago
  • Трейдър на криптовалути твърди, че алткойн, базиран на Solana, е готов за пробив през следващите седмици, и актуализира прогнозата си за Bitcoin

    Трейдър на криптовалути твърди...

    49 minutes ago
  • Crypto Trader szerint egy Solana-alapú altcoin kitörés előtt áll a következő hetekben, frissíti kilátásait a Bitcoinról

    Crypto Trader szerint egy Solana-alapú altcoin kitörés...

    2 hours ago
  • イーサリアム 今後:フサカアップグレード実施間近、1万ドル到達への期待が高まる

    イーサリアム...

    3 hours ago
  • ビットコイン 今後 の展望と注目される新たな投資先

    ビットコイン 今後...

    4 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.