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 And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet
  • 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 And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet

Analyst Says Avoid Bitcoin At All Costs; Here’s What To Do Instead As 50% Crash Looms

Scott Matherson
Scott Matherson
Last Updated: May 14, 2026 5:30 pm
3 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.

Crypto analyst Xanrox has advised market participants against buying Bitcoin, warning that a crash is looming for the leading crypto. Instead, the analyst advised buying altcoins, which are likely to offer greater gains. 

Analyst Advises Against Buying Bitcoin With Crash Looming

In a TradingView analysis, Xanrox advised against buying Bitcoin, citing the crypto’s bearish price action. Commenting on BTC’s daily chart, he noted that the LOG scale shows a bearish flag pattern, indicating bearish price action. He added that it will be a technical error to buy or go long at the resistance of the channel. 

Related Reading

Bitcoin

Analyst Says Avoid Bitcoin At All Costs; Here’s What To Do Instead As 50% Crash Looms

2 hours ago

Xanax further revealed that Bitcoin’s price is currently within the channel, indicating a huge selling wall above the current price. The analyst admitted there is still a chance BTC could rise to between $83,000 and $84,000. However, he advised opening a short position at this point rather than longing BTC. 

Bitcoin
Source: Chart from Xanrox on Tradingview

The analyst’s accompanying chart indicated that the recent Bitcoin rally was simply a bull trap, with BTC now at risk of dropping to around $60,000. BTC notably fell below $80,000 yesterday following the release of the U.S. PPI inflation data, which showed that inflation rose 6% year-over-year (YoY) in April due to the U.S.-Iran war. 

Meanwhile, Xanrox also noted that Bitcoin’s dominance is bearish, which is a strong sign of an altcoin season. He stated that the BTC price is currently looking to retest the main channel’s support trendline at around $60,000. 

Altcoins To Buy

Xanrox listed ADA, TRX, LINK, DOGE, BNB, XLM, XRP, and ETH as altcoins to buy for those looking to trade with huge banks and institutions because they control the price of these coins. He reiterated that market participants should avoid Bitcoin as its dominance is falling and that it has already pumped from its February lows of around $60,000. 

Related Reading

Can An Altcoin Season Come Again? Why Bitcoin Price Can’t Fall Below $40,000

1 month ago

Meanwhile, the analyst stated that trading lower-cap coins will be better for those looking to make much more profit, as those coins have greater upside than the major altcoins, which he described as ‘bank’s coins.’ Some altcoins have recorded significant gains over the last month, with TON, SUI, and ONDO leading the way. 

TON is up almost 50% in the last month, rising to almost $3 as the Toncoin network’s fees dropped by 600%. The altcoin also recorded this surge as the Toncoin network now offers one of the most attractive yields among all layer-1 networks. Meanwhile, SUI and ONDO are up over 26% and 57%, respectively, on the back of bullish fundamentals in their respective ecosystems. 

At the time of writing, the Bitcoin price is trading at around $79,600, down in the last 24 hours, according to data from CoinMarketCap.

Bitcoin
BTC trading at $79,846 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
Tweet123Share196ShareSend
Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Close

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 crash

Is It Time To Sell? Bitcoin Price Enters Redistribution Phase That Previously Led To A 78% Crash

A warning from Bitcoin’s weekly chart is showing a familiar bear market structure beginning to take shape. According to technical...

Sandra White 5 hours ago
Ethereum Leverage Tells Two Different Stories On Binance And OKX: Traders Face A Fragile Setup

Ethereum Leverage Tells Two Different Stories On Binance And OKX: Traders Face A Fragile Setup

Ethereum is consolidating between $2,250 and $2,450 as the market searches for the catalyst or the structural shift that forces...

Sebastian Villafuerte 6 hours ago
ethereum eth ethusd

From $120 To $900,000: The Ethereum Trade That Just Surfaced On-Chain

An early Ethereum investor who spent approximately $120 during the 2015 ETH presale has resurfaced after more than a decade...

James Halver 6 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

Why Bitcoin Still Needs Massive Capital Inflows To Ignite True Bull Run

Godspower Owie 50 minutes ago
CLARITY Act

Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet

Ronaldo Marquez 57 minutes ago
The 2022 Playbook Says Bitcoin Fails Here. On-Chain Data Says This Cycle Is Different

The 2022 Playbook Says Bitcoin Fails Here. On-Chain Data Says This Cycle Is Different

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    3 months ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    4 months ago
  • ChatGPTが分析:2026年の仮想通貨 1000倍候補はどれか

    ChatGPTが分析:2026年の仮想通貨...

    4 months ago
  • 新しい仮想通貨:2026年に注目すべき3銘柄、次に急騰するコインはどれか

    ...

    4 months ago
  • ドージコイン 今後:ミームコイン市場に投機売買が再び戻る

    ドージコイン...

    4 months 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.