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

Bitcoin Price Briefly Dips Below $10,000 Into Four-Digits

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years 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.

$10,000 was  an important FOMO trigger that once breached, and it did exactly what Tom Lee said it would. As soon as Bitcoin price went over the psychological resistance point, it quickly rallied through $11,000, $12,000, and $13,000, before a strong rejection at $14,000 may have stopped Bitcoin’s parabolic rally in its tracks for good.

This morning, at roughly 11:30AM Eastern time, Bitcoin price briefly dipped below $10,000 to $9,950 before quickly bouncing higher. Will Bitcoin ever trade below $10,000 again?

Bitcoin Price Dips Below $10,000, Was This a Spring Before More Bull Run?

Bitcoin price is currently trading between $10,000 and a local high of $10,400 after a strong, rally-ending rejection send Bitcoin downward back toward $10,000, which it briefly dipped below this morning.

Related Reading | Tom Lee: Bitcoin Price Nearing FOMO Trigger, BTC To Trade Between $20K and $40K

In markets, when an asset dips below an important support momentarily and it acts like rocket fuel, taking the asset much higher, the support and move is defined as a “spring.”

Since the start of April, Bitcoin has gone parabolic and has mostly managed to avoid any significant correction – until now. But because of how significant of support $10,000 may be now after flipping from resistance to support, Bitcoin may never again trade in the four-digits, and this latest dip may be nothing more than a “spring” before more upward movement.

Will We Ever See Four-Digit BTC Ever Again?

If $10,000 wasn’t a spring, the important support just was tested for the first time. Each “test” causes the support or resistance to weaken, as more and more orders are removed from that cluster of price action.

After repeated tests, the order book is cleared of any orders in this area, and the next time price revisits the area, it is then able to break through cleanly. If this test was indeed a spring, according to Wyckoff accumulation theory, mark up would be next, and the bull run will continue from here.

No further downside would be anticipated, and Bitcoin would likely never again trade below five digits. However, should Bitcoin break through $10,000, supports lower will need to hold. Previous areas where a confluence of price action occurred could serve as support for further downside.

Related Reading | Bubble Hasn’t Begun: Google Trends Shows Little Interest in $10,000 BTC

Any dips below $10,000 much like this last one should be bought up quickly, as many are expecting the next bull run to only have just begun, and analysts are recommending traders buy each fresh dip in Bitcoin price as they occur.

Between the market sentiment, Bitcoin’s potential, and the fact that the asset is so scarce selling may be all but dried up, the likelihood that Bitcoin recovers from here is very high.

Featured image from Shutterstock
Tweet123Share238ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

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

XRP, Solaxy, HYPE… az 5 kriptovaluta, amelyek akár 100-szoros nyereséget hozhatnak a bull run során

XRP, Solaxy, HYPE… az 5 kriptovaluta, amelyek akár 100-szoros nyereséget hozhatnak a bull run során

A Bitcoin újabb történelmi csúcsot ért el, és a kriptopiaci bull run készen áll arra, hogy tovább gyorsuljon. Néhány token...

Kovács Bálint 5 hours ago
Ethereum

Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger

Ethereum is at a critical juncture as it approaches the $2,700 level, widely viewed as the next key resistance that...

Sebastian Villafuerte 6 hours ago

XRP, Solaxy, HYPE… 5 kryptoměn, které mohou během bull runu udělat 100x zhodnocení

Bitcoin právě překonal své historické maximum a vše nasvědčuje tomu, že kryptoměnový bull run nabírá na obrátkách. Některé tokeny, jako...

Doležal Pavel 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

Bitcoin price news

Stealth Bitcoin Bull Run Ahead: Fidelity Says Do Not Blink

Jake Simmons 42 minutes ago
Bitcoin

Bitcoin Extreme Greed Is Here—Time To Be A Contrarian?

Keshav Verma 1 hour ago
bitcoin

Bitcoin Buyers Regain Control – Spot CVD Flashes Bullish Shift Above $110,000

Ash Tiwari 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • 2025 Discover the Secrets of XRP Passive Income: How to...

    3 hours ago
  • As XRP futures face market uncertainty, investors turn to...

    5 hours ago
  • Ethereum price surges, a whale increases holdings and earns...

    10 hours ago
  • How can global XRP, BTC, and DOGE holders turn their idle...

    12 hours ago
  • How to earn at least $500-51720 a day with cryptocurrencies...

    14 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.