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

Could Bitcoin (BTC) Halving Hype Be the Source of the Recent Price Gains?

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

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 able to hold onto most of its recent gains and has secured its position above the important $5,000 mark. Despite this, BTC does appear to be treating $5,200 as a level of relative resistance, and it is unclear as to whether or not the crypto will be able to garner enough buying pressure to propel it above this level in the week to come.

Although it remains unclear as to what may be the flame that sparked Bitcoin’s recent surge, one possibility is that growing hype surrounding BTC’s upcoming halving event could be adding fuel to the recent gains.

Bitcoin (BTC) Stable Above $5,100, But Faces Growing Resistance 

At the time of writing Bitcoin is trading up 1% at $5,140, up from its 24-hour lows of roughly $5,000 that were set late yesterday evening. Bitcoin is currently trading just a hair below its daily highs of $5,200, which has proven to be a tough level for the cryptocurrency to break above.

It is important to note that the cryptocurrency is rapidly approaching its recent highs that were set earlier this month when it surged to $5,300 – although it currently remains unclear as to whether this price level will prove to be a region of resistance.

Crypto Thies, a popular cryptocurrency analyst on Twitter, recently shared his thoughts on BTC’s current price action, explaining that he sees $5,500 as the next level of substantial resistance that Bitcoin will face in the near future.

“$BTC Quick thoughts: Supports @ $4.7k & $4.3k. Resistances @ $5.5k, $5.7k, $6.6k, $8.4k. Confident we touch at least $4.7k again but I see an attempt upwards first. 1wk BB sqz + 2wk candle breaking above mid-BB suggests macro move to upper BB on 2wk @ $8.4k due in coming weeks,” he explained.

$BTC
Quick thoughts

-Supports @ $4.7k & $4.3k
-Resistances @ $5.5k, $5.7k, $6.6k,$8.4k

-Confident we touch at least $4.7k again but I see an attempt upwards first

-1wk BB Sqz + 2wk candle breaking above midBB suggests macro move to upper BB on 2wk @ $8.4k due in coming weeks pic.twitter.com/2e4KThdf8r

— Crypto Thies (@kingthies) April 7, 2019

BTC Halving Hype May be Fueling Recent Rally

Bitcoin’s upcoming block reward halving – which is expected to occur sometime around May of 2020 – has historically been a factor linked to starting large upwards price cycles, as it reduces the mining block rewards and results in a more restricted circulating supply.

Many analysts have claimed that the anticipation of this event alone will be enough to spark a rally, and Crypto Titan, a cryptocurrency analyst on Twitter, expressed this sentiment in a recent tweet, explaining that Bitcoin’s price always recovers from bear market losses in the year prior to the event, and then skyrockets past its all-time-high following the event.

“Before every $BTC Halving has begun there have been oversold RSI indicators on the weekly. Every year before the Bitcoin halving the price has recovered, and sometime after the halving the price shoots past the previous ATH. This isn’t coincidence. It’s an algorithm that works,” he explained.

https://twitter.com/CRYPTOTYTAN/status/1114724729120645120

Although only time will tell as to whether or not the halving hype is – or will – play a role in BTC’s price action, in the meantime Bitcoin still faces multiple levels of strong resistance that are stopping it from running higher.

Featured image from Shutterstock.
Tweet123Share306ShareSend
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

Альткоины усиливают позиции на фоне стабильности Биткоина

Рынок альткоинов уже несколько месяцев страдает от продолжительной волатильности и сильного давления продаж, что заставляет многих инвесторов задаваться вопросом, когда...

lisachaikina 1 hour ago
Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%....

Samuel Edyme 2 hours ago
Bitcoin price preview July news

Bitcoin July Preview: History Says Don’t Trust The Quiet

Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding...

Jake Simmons 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

Ethereum

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Keshav Verma 32 minutes ago

值得在7月下注的百倍幣有哪些?5個即將爆發10X上漲的最佳加密貨幣!

Mark Mak 32 minutes ago

Bitcoin Market Enters Caution Zone Amid Rising Sell-Side Pressure, Analyst Says

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    3 hours ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    15 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    15 hours ago
  • Най-добрите криптовалути преди...

    16 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    16 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.