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: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains
  • 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: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains

Are Higher Lows A Sign of a Growing Bitcoin Bull Run?

Reynaldo Marquez
Reynaldo Marquez
Last Updated: June 11, 2024 1:02 pm
2 mins read
Bitcoin

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 has seen a lot of sideways price action during this week but might be able to extend its gains and regain higher grounds. The cryptocurrency continues to trade in the green and seems to be showing signs of further short-term appreciation.

Related Reading

XRP

XRP In Bearish Mode As Ripple Unlatches 1 Billion Tokens From 2 Wallets

3 years ago

At the time of writing, Bitcoin trades at $23,200 with 9% profits over the past week and 1% profits in the last 24 hours.

Bitcoin BTC BTCUSDT
BTC’s price trends moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview

Over the last week, Bitcoin has provided more clarity about its price direction. According to a report from Arcane Research, the cryptocurrency has managed to slowly break above the critical resistance levels at $20,000, $20,700, and $23,000, this coincides with the conventional definition of an uptrend, as defined by Investopedia:

An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact.

Arcane Research noted the following on BTC’s recent bullish momentum and its capacity to break previous resistance turning them into critical support:

The bitcoin price is currently at an interesting level. $23k acted as resistance in mid-June and two weeks ago and could potentially be flipped to a support level this week. If the price holds at current level, it will mark another higher low and be a bullish signal.

In that sense, Arcane Research expects Bitcoin to continue flirting with the $24,000 resistance and potentially break above it. This would signal potential continuation of the bullish trend with a potential target of $27,000 and $28,000, on lower timeframes.

Bitcoin BTC BTCUSDT AR 1 Chart 1
BTC’s price on an uptrend since July as it makes higher lows on the 4-hour chart. Source: Arcane Research

Why Bitcoin Is Likely To Sustain Its Gains

Bitcoin’s price bullish potential has been capped by macro-economic factors, the collapse of major crypto companies and ecosystems, and an increase in selling pressure from BTC miners. The latter have had to sell more of their BTC stock to meet debt obligations in the face of higher energy prices and low BTC prices, according to a report by QCP Capital.

In that sense, Bitcoin will have a limited capacity to break above $28,000. The trading desk coincides with Arcane Research, BTC’s price might revisit those levels but it’s unlikely to see another massive rally like the one experienced in 2020.

Related Reading

bitcoinbitcoin btc btcusdt

Why You Should Be Wary Of The Bitcoin Rally With BTC At $22,000

1 year ago

On the contrary, BTC’s price might trade sideways as it recovers higher levels and has it records lower lows at three critical support zones: $20,700, $17,500, and $10,000. The latter seems likely to be revisited at some point in 2022, QCP Capital claims.

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

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

Bitcoin STH SOPR Rises Above 1 — A Trend Reversal Signal?

Bitcoin continues to hover within the $90,000 price range, producing no significant price movement in the last 24 hours. Meanwhile,...

Semilore Faleti 2 hours ago
Bitcoin

Bitcoin Range-Bound Into The Weekend, But Next Week Holds The Real Test

Bitcoin enters the weekend in a quiet, range-bound mode, with support around $90,500–$88,200 holding firm. While price action remains subdued...

Godspower Owie 15 hours ago
Bitcoin

Attention, Bitcoin Bulls: Here’s Why $99K Might Be The Next Crucial Level To Watch

Following the recent bullish momentum seen early in the year, the Bitcoin price has displayed a bit of correctional movement...

Opeyemi Sule 16 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

Chatgpt Voorspelt Sol, Ada En Eth Koers Eind 2026 - Cardano De Beste Crypto Dit Jaar?

Chatgpt Voorspelt Sol, Ada En Eth Koers Eind 2026 – Cardano De Beste Crypto Dit Jaar?

Lars Diederiksen 1 hour ago
Ethereum

History Rhymes? Ethereum Sentiment Matches Pre-Rally Conditions

Christian Encila 23 minutes ago

何一「騎馬」震動幣圈!新幣「我踏馬來了」單日狂飆197% 深度解析「山東學」造幣邏輯是狂歡還是收割?

newsbtc 10 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク 価格は2026年にどう動く?Piコイン予想と注目の新規暗号資産

    パイネットワーク...

    20 hours ago
  • リップル 今後に注目:XRP ETF流入12.2億ドルで市場心理が反転、上放れの兆し

    リップル 今後に注目:XRP...

    20 hours ago
  • 仮想通貨 おすすめ:WLFI(ワールド・リバティ・ファイナンシャル)価格予想と次に急騰が狙われる暗号資産

    仮想通貨...

    20 hours ago
  • 2026年に向けて今買うべき暗号資産は?ソラナ・スイ・レンダーと注目アルトコインを検証

    ...

    23 hours ago
  • 2026年にミームコイン市場が反発、「今注目の暗号資産」は

    ...

    24 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.