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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Bull Market Will Resume by Mid-July, Asserts CryptoQuant CEO

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency

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 is consolidating in an $8,600-$10,000 trading range since April 30, 2020.
  • The sideways momentum has led the cryptocurrency’s volatility to its lowest since October 2019.
  • With risks of a negative breakout looming, one top analyst sees Bitcoin resuming its bull market by mid-July.

Bitcoin repeatedly failed to sustain its break above $10,000. At the same time, the cryptocurrency maintained its bullish bias by holding $8,600 as its crucial support level.

The well-balanced battle between bears and bulls has left Bitcoin inside a consolidation area. Traders purchase the asset anywhere in the range of $8,600-$9300. Meanwhile, they sell it on the first sign of downside correction inside the $9,500-$10,000 area.

bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency
Bitcoin price chart on TradingView.com showing its sideways consolidation range. Source: TradingView.com
Bitcoin price chart on TradingView.com showing its sideways consolidation range. Source: TradingView.com

Bitcoin’s sideways pattern shows a clear bias-conflict among traders – they do not know the cryptocurrency’s next direction.

Traders are, therefore, taking a cautious approach near $8,600 and $10,000 price levels. As a result, the market’s volatility has plunged to its lowest since October 2019, according to the Bollinger Bands Width readings.

Breakout Ahead

Low volatility typically causes an underlying asset to attempt a breakout. The sudden and wild move could take the price in either direction.

Prominent analyst Michaël van de Poppe sees the same happening in the Bitcoin market. The Amsterdam stock market trader wrote on Monday that he sees the cryptocurrency breaking to the upside if it manages to sustain above a “required support” level.

“If [Bitcoin] does, we’ll be good,” said Mr. Poppe.

Meanwhile, Ki-Young Ju, the chief executive of an on-chain data portal CryptoQuant, said Bitcoin may continue its bull run by mid-July. The top analyst explained his upside bias by referring to an increasing amount of Bitcoin withdrawals out of crypto exchanges.

Bitcoin Outflow from Exchanges Rising

Mr. Ju cited fractals from 2017 and 2019, stating that four months after whales debited their cryptocurrency holdings out of exchanges, the bitcoin price spiked handsomely. So it seems, the BTC/USD rose from below $6,000 to $20,000 in 2017 and from under $4,000 to $14,000 in 2019.

bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency
Bitcoin fractal is showing the impact on whale outflows on price. Source: CryptoQuant

Mr. Ju cited another chart from 2020, showing a higher number of capital outflows from exchanges. He predicted that Bitcoin should resume its bullish rally by mid-July, four months after the whales started withdrawing their holdings en masse.

bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency
Bitcoin expects to start a rally towards $12,000 in mid-July. Source: CryptoQuant

“Buy Bitcoin when whales send bitcoins out of the exchange,” wrote Mr. Ju. “The BULL market usually starts four months after the exchange average withdrawal hits year-high.”

Bitcoin is trading 31.04 percent higher based on its year-to-date readings.

Tweet123Share209ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

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

Ethereum

Ethereum Chart Confirms Bull Flag Breakout: $3,834 Target Comes Into View

Ethereum has finally touched the $3,000 price level once again after spending weeks trading in a narrow range beneath $2,800....

Scott Matherson 7 hours ago
bitcoin bull run

Έρχεται νέο ράλι τιμής Bitcoin ;

Η τιμή του Bitcoin φαίνεται να έχει ακόμα αρκετό περιθώριο ανόδου, με τους αναλυτές να μιλούν για νέα ιστορικά ρεκόρ....

Ανθή Ντόνκοβα 8 hours ago
Ethereum

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

Popular market analyst with X username Daan Crypto has provided an important insight into the Ethereum market, stating the altcoin...

Semilore Faleti 9 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

Ripple

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP

Scott Matherson 1 hour ago
Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

Scott Matherson 4 hours ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Christian Encila 6 hours ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    7 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    8 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    8 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day 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.