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

Analysts Expect Crypto Markets to Continue Surging Despite Bitcoin’s Current Stability

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.

Although Bitcoin incurred some downwards pressure late last week after news surrounding the Tether-Bitfinex imbroglio surfaced, BTC now been able to tepidly advance higher, and has led the entire crypto markets to surge.

Despite finding stability in the lower-$5,000 region, analysts are now expressing somewhat cautiously bearish sentiments regarding the current state of BTC and expect altcoins to be the cryptos that incur further gains in the near future.

Bitcoin (BTC) Advances Above $5,300

At the time of writing, Bitcoin is trading up just under 2% at its current price of $5,330, up from 24-hour lows of $5,219.

Earlier this week, news broke surrounding the New York Attorney General’s public accusation of fraudulent activity being conducted by stable coin Tether (USDT) and related crypto exchange Bitfinex, which instantly send BTC’s price reeling downwards from highs of $5,650 to lows of $5,180.

Although the cryptocurrency’s recent price action certainly appears to be somewhat bullish, Mr. Anderson, a popular crypto analyst on Twitter, explained that in order for technical formations (like the recent golden cross) to be bullish, BTC’s price must actually respond bullishly.

“$BTC Daily: The 55 EMA will cross the 200 EMA. This is inevitable. These events are not simply BULLISH though. It is the reaction by Price when this occurs that determines its effect (Bullish/Bearish) and that effect usually is long-standing,” he explained in a recent tweet.

$BTC Daily

The 55 EMA will cross the 200 EMA. This is inevitable

These events are not simply BULLISH though

It is the reaction by Price when this occurs that determines its effect (Bullish/Bearish) and that effect usually is long-standing pic.twitter.com/8mPpYRECvU

— Mr. Anderson (@TrueCrypto28) April 30, 2019

Although BTC’s response to recently established bullish technical formations has been muted, it remains possible that the cryptocurrency is simply consolidating at the current time, and that a bullish surge is right around the corner.

Crypto Markets Surge Despite BTC’s Stability 

Because Bitcoin has remained stable in the low-$5,000 region and it remains unclear as to which direction the crypto is heading next, many traders are turning to altcoins to make profits.

Today, multiple major cryptocurrencies have posted decent gains, with XRP climbing over 5%, Bitcoin Cash surging over 6%, and Litecoin jumping over 8%.

Lucid TA, another popular cryptocurrency analyst on Twitter, explained in a recent thread of tweets that he believes long positions on altcoins currently make more sense than long positions on Bitcoin, as many are currently bouncing off of long-established support levels.

“Though $BTC looks questionable, I think longs make more sense on alts. Many are at support, and many reasonable trades can be found with high RR. Here are a few examples on different TF’s. There were better entries, though since I’m posting this late these are market entries,” he noted.

https://twitter.com/Lucid_TA/status/1123129065437667328

Lucid further noted that he does believe Bitcoin is currently flashing some bullish signals.

“A few further factors to consider. The fact that BTC swept the lows weakens the bear case and increases likelihood of a break up (‘bart’ pattern). Longs/shorts are bullish, though to be taken with a grain of salt…” he said.

https://twitter.com/Lucid_TA/status/1123130044384141312

As the week continues on and Bitcoin further establishes whether or not it has enough support around its current price levels to climb higher, it is likely that altcoins will be able to maintain their upwards momentum and continue climbing higher.

Featured image from Shutterstock.
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.

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

Solana (SOL) a un Bivio — Rimbalzo Probabile se i 142$ Tengono

Solana ha avviato un nuovo calo e ha ritestato la zona di supporto a 145$. Il prezzo di SOL ora...

clararosati 2 hours ago
Bitcoin price news

Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard

A growing number of Bitcoin and crypto market participants have fallen victim to a dangerous assumption: that summer in the...

Jake Simmons 2 hours ago

Solaxy登陸MEXC及多家中心化交易所 24小時內暴漲127%!

Solana 生態首個 Layer-2 公鏈專案Solaxy (SOLX)在過去 24 小時內暴漲逾 127%,漲勢由其正式登陸全球頂級交易所之一 MEXC的消息引爆。 Solaxy 於上月完成超 5...

estherw 2 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

Long-Term Bitcoin Holders Near Pain Point Last Seen In October 2024

Christian Encila 49 minutes ago
Beste crypto ETF's 2025 - welke nieuwe ETF goedkeuringen komen deze zomer?

Beste crypto ETF’s 2025 – welke nieuwe ETF goedkeuringen komen deze zomer?

Lars Diederiksen 1 hour ago
Strategy

Michael Saylor’s Strategy Set To Yield $14 Billion Profit In Q2, Bloomberg

Ronaldo Marquez 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|マイケル・セイラーのビットコイン購入が示す新たなBTC高値の兆候

    ...

    5 minutes ago
  • Hľadáte najlepšie kryptomeny na kúpu v roku 2025

    Hľadáte najlepšie kryptomeny na kúpu v roku 2025? Tu...

    17 minutes ago
  • Urgent Notice! ETHRANSACTION cloud mining revenue surges...

    1 hour ago
  • Fartcoin Đã Quá Trễ Để Mua Ở Mức Vốn Hóa $1...

    3 hours ago
  • 2025년 솔라나 밈코인 추천 - 솔라나 밈코인 순위 TOP 4

    Các Đồng Coin Tiềm Năng Sẽ Bùng Nổ Đầu Quý...

    3 hours 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.