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 Sees 2 Consecutive Heikin Ashi Signals On The Weekly Chart, What This Means

Scott Matherson
Scott Matherson
9 months ago
3 mins read
Bitcoin price prediction 10 years

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 Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon. 

What The Heikin Ashi Signal Means For Bitcoin

While highlighting the second consecutive Heikin Ashi on Bitcoin‘s weekly chart, Olson also noted that there was no wick to the upside, which suggests that the downside trend is likely to continue. The crypto analyst had also previously explained how the absence of a wick to the upside signals a strength in momentum to the downside.

Related Reading

Dogecoin

Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When

9 months ago
Bitcoin heikin 1
Source: X

Based on Olson’s accompanying chart, Bitcoin could suffer further downward pressure and drop to as low as $40,000. This bearish analysis comes amid Bitcoin’s recovery as its price rose to $58,000 in the last 24 hours. Although it remains to be seen whether it is a relief bounce or a bullish reversal, Olson’s analysis suggests that it is more likely a relief bounce.  

However, crypto analyst Daan Crypto has suggested that Bitcoin needs to successfully break above $60,000 to achieve a bullish reversal and aim for new highs in this market cycle. Meanwhile, contrary to Olson’s bearish analysis, crypto analyst Mikybull Crypto has provided a more bullish outlook for Bitcoin. 

In an X (formerly Twitter) post, the crypto analyst stated that Bitcoin has completed the bullish diamond formation. In line with this, Mikybull Crypto remarked that he believes the bottom is in for Bitcoin if the bull market is still on. 

BTC heikin 2
Source: X

In another X post, Mikybull Crypto highlighted a bullish divergence recently formed on Bitcoin’s chart, similar to one in September 2023. Following the bullish divergence in September 2023, BTC experienced a significant rally, which ultimately paved the way for reaching a new all-time high (ATH) in March earlier this year. As such, something similar could happen again as Bitcoin tries to reach new highs. 

Bitcoin heikin 3
Source: X

BTC’s Price Rally Could Begin After September

Considering Bitcoin’s historical bearish trend in September, the crypto community is optimistic that BTC could begin its long-awaited price rally once this month is over. In a recent analysis, crypto analyst Rekt Capital explained why the flagship crypto would likely record massive gains in October. 

Related Reading

Ethereum

Ethereum Forms Falling Wedge Pattern That Could Send Price To $3,000

9 months ago
BTC heikin 4
Source: X

The crypto analyst noted that Bitcoin’s only monthly losses in October were in 2014 and 2018, when it recorded monthly losses of -12.95% and -3.83%, respectively. He added that those were bear markets. However, Bitcoin is in a halving year, historically ushering in the bull market. As such, BTC could enjoy a bullish ride in October and even to the end of the year, especially with the upcoming US presidential elections in November. 

At the time of writing, Bitcoin is trading at around $56,600, up over 3% in the last 24 hours, according to data from CoinMarketCap. 

Bitcoin price chart from Tradingview.com
BTC price sees notable recovery | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, 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

Ethereum

Ethereum Whales Ramp Up Accumulation By 1.50 Million ETH — Incoming Price Boom?

In line with the crypto market, Ethereum prices briefly crashed below $2,500 on Friday due to escalating geopolitical tensions between...

Semilore Faleti 10 hours ago
Trump

$57 Million In Crypto And Counting: Trump’s World Liberty Connection

In a financial disclosure filed June 13 with the US Office of Government Ethics, US President Donald Trump reported earning $57.4 million...

Christian Encila 11 hours ago
Bitcoin

Bitcoin May Hit $78,500 If This Critical Support Fails – Details

Bitcoin (BTC) prices crashed by almost 5% in the past 48 hours, with growing global tensions following an Israeli airstrike...

Semilore Faleti 13 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 Kurs Prognose: Alles spricht für goldene Zeiten

georgsteiner 2 hours ago
Bitcoin Tests Critical $104K Support – Eyes on $97K If It Breaks

Bitcoin Tests Critical $104K Support – Eyes On $97K If It Breaks

Sebastian Villafuerte 5 hours ago
Bitcoin

Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions

Scott Matherson 8 hours ago

Premium Sponsors

Top Brands

Press Releases

  • 2025’s Best Performing CloudMiner, Holding a Secret...

    8 hours ago
  • ETHRANSACTION Cloud Mining Will Help You Earn $0 to...

    24 hours ago
  • アルトコイン急落時に注目すべき買いのチャンス|BNB・XRP・SOL・新ミームコインも登場

    ...

    1 day ago
  • ソラナ基盤の注目プリセールが4,900万ドル調達、仮想通貨投資家にとってローンチ前の最後の購入チャンス

    ...

    1 day ago
  • ドイツ企業が初のビットコイン準備資産化|今後仮想通貨1000倍が狙える注目の3銘柄

    ...

    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.