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 Looks “Sharp” After Shrugging Off These 6 Bearish Events, Claims Analyst

Cole Petersen
Cole Petersen
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.

Bitcoin has been on a wild ride over the past several years, incurring massive volatility and bearing witness to many pivotal events that will help shape its future.

Many of these events have had bearish implications for the cryptocurrency, including the launch of CME futures at BTC’s peak in December of 2017, the Bitcoin SV hard fork, the US Government’s crackdown on the market, and more.

In spite of all this, Bitcoin has remained incredibly strong – with its price holding steady around $10,000 while new investors flood into the market at a rapid pace.

One prominent analyst pointed to six events in particular that struck short-term blows to the benchmark cryptocurrency, noting that its resilience in the face of these shows just how “sharp” it truly is at the moment.

Bitcoin Shows Major Resilience in Face of Multiple Bearish Events Seen Since 2017

Bitcoin’s intense parabolic rally in 2017 came to a harsh end in December after it reached highs of nearly $20,000.

The peak correlated closely with the launch of CME futures, which gave professional traders the ability to easily go short on the cryptocurrency that had been caught in the throes of an unwarranted uptrend.

PlanB – a popular cryptocurrency analyst who is the creator behind the popular Stock to Flow economic model – noted that the 2017 launch of CME futures was the first blow that BTC faced.

He also points to the 2018 ICO crackdown from the US government, the SEC’s refusal to approve and ETFs, the BSV hard fork, a disappointing Bakkt futures launch, and the pandemic as five other fundamentally bearish events that Bitcoin has shrugged off.

“Bitcoin looking sharp after shrugging off: – 2017 CME futures FOMO & hangover – 2018 US government ICO crackdown – 2018 SEC approval ETF hope & delusion – 2018 BSV fork – 2019 Bakkt futures fear & relieve – 2020 [pandemic],” he noted, referencing a chart showing these events.

Bitcoin
Image Courtesy of PlanB

BTC’s Strength Likely to Equate to Bullish Price Action

Bitcoin’s ability to maintain relatively high price levels in spite of all these events seen throughout the past few years is impressive – especially considering the relatively small size of the nascent market.

It is possible that this resilience will ultimately translate into positive price action.

One analyst recently pointed to a fractal pattern from late-2016. If this fractal continues playing out in the weeks and months ahead, BTC could soon be trading at $14,000 or more.

“Scary fitting fractal from EO 2016… Cut of the top part to not trigger anyone… If we see anything like it… inverse capitulation becomes real,” he said while pointing to the chart seen below.

Image Courtesy of Bitcoin Jack

It is a strong possibility that Bitcoin will be boosted by its overt strength seen throughout the past several years in the face of multiple bearish events.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

Strategy

No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months

Strategy (previously MicroStrategy), the Bitcoin proxy firm co-founded by Bitcoin bull Michael Saylor, has made headlines once again on Monday,...

Ronaldo Marquez 3 hours ago
Bitcoin

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support...

Rubmar Garcia 4 hours ago

本月最值得關注的5枚迷因幣與預售項目—10倍潛力幣一覽

進入2025年7月,加密貨幣市場重新迎來活躍期。在全球政治動盪與金融格局重組的背景下,資金不斷從傳統市場流向去中心化領域,形成了新一輪的代幣熱潮。在這樣的市場情緒中,迷因幣與預售項目的表現尤為亮眼。 ...

Mark Mak 5 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

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

newsbtc 54 minutes ago
Bitcoin price crash

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

Scott Matherson 2 hours ago

Станут ли 600 000 BTC точкой невозврата?

lisachaikina 2 hours ago

Premium Sponsors

Press Releases

  • SEC, Quidax Bring Together Top Banks, Asset Managers to...

    60 minutes ago
  • Wzrost altcoinów zgodny z tematyką artykułu

    3 Altcoins, na które warto zwrócić uwagę w pierwszym...

    1 hour ago
  • MEXC Ventures Hosts Successful “Kickstart Your...

    1 hour ago
  • Alternativni kripto uz DOGE koji bi mogao pretvoriti 650 $...

    2 hours ago
  • Token6900

    TOKEN6900: Meme Coin Tiềm Năng Với Presale Rẻ...

    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.