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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • 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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Bitcoin Could Soon Revisit $10,000, Analyst Who Predicted 2018’s Bottom Says

Nick Chong
Nick Chong
1 year ago
2 mins read
bitcoin price

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.

The past few days have seen Bitcoin trade in the low-$9,000s seemingly with a downside skew. The cryptocurrency has tested $9,000 time and time again, as bears prepare to push the asset under that crucial support to confirm a bear trend.

Yet an analyst that made an extremely accurate prediction has suggested that Bitcoin may soon see some bullish relief and rally to the upside.

Related Reading: Crypto Tidbits: BTC Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018

Bitcoin Could Soon Revisit $10,000 Range, Analyst Says

After a brutal multi-month retracement from $20,000 to the $6,000 region, Bitcoin flatlined in the middle of 2018.

Many saw the price action as bullish: analysts said that because the cryptocurrency has held the $6,000s without faltering, it was primed to rally back into a bull market. The sentiment was so rife that when BTC rallied from ~$6,300 to $8,200 in August, some investors began to speculate that new all-time highs were likely.

But one trader predicted that the bear trend would bottom at $3,200, writing in June 2018: “I’m calling a bottom at exactly 3.2k with a 200 dollar leeway either side.”

Six months later, he was proven correct when BTC bottomed at $3,150.

His latest forecast is that Bitcoin is primed to rally over the coming days. Referencing the chart below, which suggests that BTC is breaking out of a textbook bull flag, the analyst opined:

“Longer-term, this is defo beginning to feel distributive, however the long slow grind down from 9600 feels corrective. a 4h close above 9400 would be a bull flag breakout to 9900, IMO.”

Image

Bitcoin short-term price analysis by trader "Smart Contracter" (@SmartContracter on Twitter). Chart from TradingView.com

A rally to $9,900 would be a 6% rally from the market price of BTC as of the time of this article’s publishing.

There Will Be A Correction… Eventually

Yet that’s not to say that the analyst expects Bitcoin to break past and hold above $10,000.

The same trader noted days prior to the abovementioned analysis that Bitcoin is primed to see a 20-30% retracement in the coming weeks due to weakness in the S&P 500, which BTC has traced amid the ongoing recession.

He’s not alone in sharing that opinion.

Jeremy Grantham, a prominent stock trader, told CNBC last week that equities are reaching bubble territory. This comment was made in reference to the fact that stocks have been nearing all-time highs while the economy is in its worse condition in modern times.

Grantham is known for calling the tops of previous stock markets, such as that seen in 2008-2009 and the one before that during the Dotcom Boom at the turn of the century.

Related Reading: Buying Bitcoin at $8k or $9k Won’t Matter in 2 Years: Fund Manager Explains
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Bitcoin Could Soon Revisit $10,000, Analyst Who Predicted 2018's Bottom Says
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

Ripple nieuws: XRP & SOL ETFs worden beste crypto's met potentie in 2025 volgens expert

Ripple nieuws: XRP & SOL ETFs worden beste crypto’s met potentie in 2025 volgens expert

De speculatie over aankomende crypto ETF-lanceringen blijft hard toenemen voor projecten zoals XRP en Solana. Volgens een crypto expert zijn...

Lars Diederiksen 2 hours ago
Bitcoin

Bitcoin Falls Below $117,000 Amid $3.5 Billion Profit-Taking Frenzy

The Bitcoin price has slipped under  $117,000 as on-chain data shows the network has observed one of its largest profit...

Keshav Verma 3 hours ago

Mercado Bitcoin doubles down on RWA, experts discuss what this means for the future of tokenized finance

Earlier this month, leading South American crypto exchange Mercado Bitcoin unveiled plans to tokenize approximately $200 million in tokenized financial...

NewsBTC 3 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

This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert

Jake Simmons 26 minutes ago
Altcoin

Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next?

Scott Matherson 1 hour ago
Citigroup

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

Ronaldo Marquez 2 hours ago

Premium Sponsors

Press Releases

  • 2 kryptowaluty z niezwykle wysokimi wycenami, które mogą...

    1 hour ago
  • 2 kriptovalute s iznimno visokom procjenom koje bi mogle...

    1 hour ago
  • Whales Quay Lại Với Meme Coin Sau ATH Của Bitcoin –...

    2 hours ago
  • 2 kryptomeny s mimoriadne vysokým hodnotením, ktoré by mohli stáť za riziko

    2 kryptomeny s mimoriadne vysokým hodnotením, ktoré by...

    2 hours ago
  • Toncoin

    Dự Đoán Giá Toncoin: $8 Tháng 8? Các Đồng Coin...

    2 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.