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 Roars Past $9,000 as Frantic FOMO on Binance & Coinbase Continues

Nick Chong
Nick Chong
1 year 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.

The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.

This steep uptrend comes on the back of an influx of buying volume on retail exchanges such as Coinbase, which temporarily crashed on Wednesday due to the influx of buying activity. Binance, too, saw an influx of volume, with the exchange registering $11 billion worth of trading activity in 24 hours. 

Just minutes ago as of the time of this article’s writing, BTC has hit $9,200 — more than 17% higher than it was just 24 hours ago.

This is the highest the cryptocurrency has traded since the first week of March, just prior to the capitulation event that took Bitcoin to $3,700.

Bitcoin price c hart $9,000
Chart from TradingView.com

Although few shorts were liquidated during this latest leg higher from $8,800 to $9,200, Skew.com data indicates that the past 24 hours have seen more than $90 million worth of BitMEX shorts liquidated.

It’s a stunning trend that shows that few investors expected Bitcoin to rally so high and so fast.

What Comes Next for Bitcoin? 

With few investors expecting the cryptocurrency to rally so quickly, they have looked to technical analysis to try and determine what comes next for Bitcoin.

One crypto trader remarked that with Bitcoin breaking past the $7,800-8,000 resistance cluster, which he called the point at which bears will have their “last stand,” the chance at upside has grown dramatically.

Bloomberg, on the other hand, is warning of an imminent correction.

The outlet warned in an article published when Bitcoin was trading in the mid-$8,000s that the GTI Global Strength Indicator — a measure tracking an asset’s trend — recently printed a reading of over 70 for Bitcoin.

Based on the GTI Global Strength Indicator, Bitcoin is overbought
Chart from Bloomberg

With a reading of “70” coinciding with the point at which assets become technically overbought, Bloomberg warned that “it may be difficult for the token to notch additional gains in the short-run.”

Factors Behind This Explosive Move

It’s hard to tell exactly what the collective crypto diaspora is thinking, but analysts say that the recent price action can be attributed to fundamental trends.

Roch Rosenblum, the co-head of trading at GSR, remarked to Bloomberg in the aforementioned article that the ongoing BTC rally is predicated on the macroeconomic environment:

“This latest run past $8,000 is as much about positive macro sentiment as it is about the upcoming halving. We’re starting to have a lot more certainty, as more countries begin to share their plans to reopen the economy in May.”

This optimism was echoed by Zac Prince, a co-founder of BlockFi, who said that the “current market dynamics are driving a bolstered interest [for] digital currency.” These dynamics he was referencing was the Federal Reserve’s commitment to money printing and the growth in stablecoins.

Photo by vikram sundaramoorthy on Unsplash
Tweet123Share230ShareSend
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.

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

Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Shaco AI, in a fresh update, highlighted that Bitcoin is showing off its moves, dancing upwards past both the 25-hour...

Godspower Owie 3 hours ago

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

Bitcoin ha toccato un nuovo record sopra i 122.000 $ nella mattina del 14 luglio, estendendo il rally che dura...

clararosati 4 hours ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

The Dogecoin weekly structure is once again the talk of Crypto-Twitter after pseudonymous technician Cantonese Cat (@cantonmeow) published a logarithmic...

Jake Simmons 4 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

$30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early?

$30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early?

Sebastian Villafuerte 26 minutes ago
Bitcoin

Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

Scott Matherson 1 hour ago
portofel crypto multi-chain non-custodial

De ce ai nevoie de un portofel crypto de calitate?

antonio 2 hours ago

Premium Sponsors

Press Releases

  • 新BTCレイヤー2プロジェクト、仮想通貨プレセールで250万ドルを調達 — 今買うべき暗号資産とは?

    ...

    36 minutes ago
  • BTC breaks through $122,300, GoldenMining users earn...

    37 minutes ago
  • 仮想通貨 おすすめ|0.0015ドル以下の安価トークンがDOGEを上回り、4ヶ月で0.30ドル到達へ

    仮想通貨...

    51 minutes ago
  • 2 criptomonede accesibile cu potențial de 9.000%, asemănătoare cu achiziția Ethereum la 35 lei în 2017

    2 criptomonede accesibile cu potențial de 9.000%...

    1 hour ago
  • ビットコイン120,000ドル突破、恐怖と欲望指数74:新しい仮想通貨がBTCの急騰を後押しする可能性

    ...

    1 hour 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.