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

Bitcoin To Bounce Back? Analyst Predicts $90,000 After $58K Drop

Christian Encila
Christian Encila
1 year ago
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.

According to Lark Davis, a prominent crypto expert, the current decline in Bitcoin (BTC) may be a transient setback. Davis is predicting a substantial increase in the value of Bitcoin in the upcoming weeks, aiming for it to reach $90,000 by the end of the year. This positive perspective arises amidst a surge of confidence over institutional investment and the possible introduction of Bitcoin exchange-traded funds (ETFs).

Related Reading

Ethereum

Ethereum DApps On Fire: Volume Soars Over 90% — Good For ETH Price?

1 year ago

Institutional Investors Set To Supercharge The Market

Davis anticipates a substantial influx of institutional funds into the cryptocurrency market, which will serve as a significant driving force behind the projected market upswing. He highlights Standard Chartered Bank’s forecast of Bitcoin surging to an astonishing $100,000 by August as evidence of increasing institutional trust.Although he presents a little more modest estimate of $90,000, his primary emphasis is on the long-term consequences of this institutional infusion.

Davis’s optimistic outlook is further bolstered by the introduction of Bitcoin ETFs. These investment instruments would enable conventional investors to have exposure to Bitcoin without the intricacies of directly obtaining and safeguarding the cryptocurrency. Davis asserts that the convenience of entry provided by ETFs may entice a substantial influx of fresh funds, hence driving Bitcoin’s price even higher.

Beyond Bitcoin: A Banner Year For Altcoins?

Davis’s optimistic perspective extends beyond Bitcoin, embracing a substantial percentage of the altcoin industry. He expects a significant increase in investment into Ethereum (ETH) due to the forthcoming introduction of spot ETFs. Solana (SOL) is a cryptocurrency that Davis is closely monitoring because to its prominent role in blockchain advancement and its high market momentum, which positions it as a formidable candidate for expansion.

BTC is now trading at $57,774. Chart: TradingView

Technical Hurdles Remain: Can The Bulls Break Through?

Although Davis’s projections are optimistic, technical signs indicate that there may be some obstacles to overcome before the desired outcome is achieved. The latest price rejection at the level of $63,956 and the bearish signals from technical indicators such as the Relative Strength Index (RSI) indicate the possibility of encountering some short-term difficulties.

Related Reading

Bitcoin

Bitcoin Examined: These Critical Points Are ‘Very Bad’ For BTC, Analyst Says

1 year ago

Nevertheless, Davis maintains a positive outlook. Should Bitcoin successfully surpass the resistance level of $72,000, it has the ability to initiate a bullish trend in the fourth quarter, which may have significant repercussions throughout the whole cryptocurrency market.

A Climb Or A Cliffhanger?

NewsBTC’s review of Glassnode’s data shows a surge in BTC’s new addresses, suggesting a possible spike in user interest. In order for the bulls to make significant progress, it is essential that the price closes above the resistance level of $63,950 on a daily basis. This has the potential to cause a 5% increase and a reevaluation of the $67,140 resistance level on a weekly basis.

If momentum indicators such as the RSI and Awesome Oscillator exhibit positive signals, there is a possibility of a further 6% increase in price, reaching $71,200, which is the weekly resistance level.

If the price falls below $58,300 and forms a lower bottom, it might indicate a continued pessimistic attitude. This could potentially result in a 3% decrease and a return to the May low of $56,520

Featured image from Getty Images, chart from TradingView

Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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

中美貿易戰底牌極限鬥大目的為談判 抄底良機比特幣價格預測重上13萬美元

中美貿易戰升級,看似劍拔弩張,實則仍屬談判前的試探與壓價。美國宣布對中國商品全面加徵100%關稅,中方則以稀土出口管制、對高通調查及港口費報復,一時間全球市場震盪,科技與能源板塊首當其衝。表面上這是一...

Mark Mak 7 hours ago
Bitcoin

Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S....

Scott Matherson 8 hours ago
Bitcoin

A 5% Bitcoin Drop In October? History Shows That’s Rare

According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed...

Christian Encila 7 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

Bitcoin Price Drops Toward $117,000: What Lies Ahead? Three Possible Scenarios

Ronaldo Marquez 3 hours ago
avalanche, Solana, Monero, SUI, pump.fun, chainlink

Solana (SOL) Price Risks Drop Below $200 After Losing Key Support, Analyst Warns

Rubmar Garcia 5 hours ago
Bitcoin ETFs

Spot Bitcoin ETFs Show Major Divergence In Inflows — What’s Happening?

Opeyemi Sule 6 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク 価格予測:2026年までに5ドル回復は可能か?徹底分析

    パイネットワーク...

    4 hours ago
  • ドージコイン 今後の価格予測:専門家が新たな強気目標を提示、27倍上昇の可能性も

    ドージコイン...

    4 hours ago
  • イーサリアム 今後:アップグレードと機関投資家の需要が価格を5,000ドル突破へ導く

    イーサリアム...

    5 hours ago
  • シバコイン 今後:データが示す“見た目以上の強さ”とは?今が投資の好機か

    シバコイン...

    5 hours ago
  • 仮想通貨おすすめ:ETF承認を目前に控えた10月、グロックが選ぶ注目の投資銘柄

    ...

    5 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.