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 Surged Past $3,900 But it May Be Too Early For the Crucial $4,000 Level

Nick Chong
Nick Chong
1 year ago
3 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.

For the first time in a blue moon, the crypto market underwent a notable rally. Since Ethereum (ETH) bulls began to show signs of life on Sunday, with the cryptocurrency rallying past $130, Bitcoin (BTC) and other digital assets have followed close behind.

As of the time of writing, BTC has found itself at $3,920, approaching the ever-important level of technical and psychological resistance at $4,000. Ether has neared its $150 mark, as ETHDenver and the upcoming Constantinople hard fork have seemingly given the asset a slight boost. A majority of other cryptocurrencies have also posted notable gains, which comes after a ten-day lull in this budding market.

Gains across the board, which were backed by a staggering $34 billion in daily nominal volume, have allowed the aggregate value of all cryptocurrencies to swell from $120 billion on Sunday morning to $133 billion currently — a gain of a jaw-dropping 10% in under 36 hours.

Related Reading: Bitcoin Surges Nearly 10%, Analyst Claims BTC Likely to Target Mid-$4,100 Region Next

While some optimists have called further short-term highs from here, analysts have remained cautious, predicting short-term pullbacks.

Analysts Expect Bitcoin Pullback

Financial Survivalism, a full-time crypto trader that recently called for BTC to bottom at $1,165, noted that the cryptocurrency peaking just shy of $4,000 was likely the end of yesterday’s run. The self-proclaimed “financial revolution prepper” explained that the four 15-minute and nine 15-minute exponential moving averages (EMAs) recently underwent a “bearish crossover,” leaving BTC below it.

That might have been the end of today's run. 4 & 9 EMA's recently made bearish crossover with price below. $BTC is +8% in the last 24 hours. For the most part 8% – 10% is the most it likes to move in one day. I'm expecting pullback to $3,750 before retesting $4,100 – $4,200. pic.twitter.com/NhheoSu6XB

— Tyler Coates (@Sawcruhteez) February 18, 2019

Considering Bitcoin’s propensity to undergo a 10% rally or drop in a day’s time, rather than anything more, coupled with the status of short-term EMAs, Survivalism concluded that a pullback to $3,750 could be a possibility to precede a rally past $4,100.

David Puell, a lesser-known, yet well-respected trader, also remained skeptical in the very short-term. Puell noted that as it stands, BTC is currently trading in a bull trap pattern, and could be eventually pushed down by a declining trendline, along with the 30-week moving average.

$BTC: If we get there, beware the bull trap, lads. Lots of work yet to be done. pic.twitter.com/R9jpiGMK02

— David Puell (@dpuellARK) February 19, 2019

Puell also noted that the fact that weekly volumes are in a downtrend should have investors worried, as this could indicate that there is little propping up the crypto market as is.

Does This Crypto Rally Have Legs?

While the aforementioned analysts seem to be convinced that a short-term pullback would be in order, some argue that Bitcoin still has legs to run on. The team at Bitcoin Bravado, a leading crypto-centric technical analysis outfit, recently divulged that due to the influx of volume seen Sunday and Monday, along with the fact BTC surpassed its 50-day EMA, this move could see further upside.

https://twitter.com/BitcoinBravado/status/1097584562115411969

Mati Greenspan, eToro’s in-house crypto researcher, echoed the idea that the notable levels of volume should have investors enthused. In a recent Twitter thread, Greenspan noted that a “very healthy sign” is that the recent market price action was catalyzed by “strong volume,” adding that this means this move is likely “more meaningful” than the sporadic pumps seen historically.

Although some would claim that it’s too early to be bullish from a medium-term (or longer) standpoint, Monday’s move has already convinced some that bears are preparing for hibernation. Trader Mayne, a long-time cryptocurrency trader, noted that as there have been notable bullish moves over recent weeks, it wouldn’t be nonsensical to claim that the bear market could be over. He added that those stuck with bearish lenses, like Murad Mahmudov, Tone Vays, along with other short-term skeptics, could miss out.

Some may be calling for an end to the bear market, but there remains a notable level that Bitcoin needs to breach confidently to confirm a longer-term bull trend. For those who missed the memo, this level is around $4,800, which Greenspan, Survivalism, and the Bravado team pointed out in recent tweets. In their eyes, the 200-day EMA, currently situated around the aforementioned price point, will continue to be an important level of resistance, as this measure supported Bitcoin throughout multiple times its 2017 rally.

As traders say, old levels of support become new levels of resistance (or vice-versa).

Featured Image from Shutterstock
Tweet123Share258ShareSend
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

Ethereum raggiunge i 6 miliardi di dollari in fondi tokenizzati mentre i grandi investitori entrano in gioco.

La piattaforma di smart contract di Ethereum ha superato una soglia storica: secondo i dati condivisi da Token Terminal su...

clararosati 4 hours ago

Letni zastój na rynku Bitcoina? Niektóre wolumeny najniższe od lat

Dane on-chain pokazują, że wolumeny handlu Bitcoinem na rynku spot i rynku futures spadły do nowych minimów, mimo że cena...

newsbtc 4 hours ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

Theta Labs, the leader in decentralized cloud infrastructure for AI, media, and entertainment, today announced that the High-Performance Data Processing...

News BTC 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

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

Aaron Walker 1 hour ago
Solana

Solana’s Pump.Fun Loses Steam With Exit Scam Rumors, LetsBonk.Fun Claims 54% Of Total Market Share

Scott Matherson 3 hours ago
Trump

TRUMP Meme Coin Plants Flag On TRON Network—Details

Christian Encila 3 hours ago

Premium Sponsors

Press Releases

  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    1 hour ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    3 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    4 hours ago
  • Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE), który zamieni 650 USD na 65 000 USD w ciągu 4 miesięcy

    Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE)...

    4 hours ago
  • トランプ氏の貿易戦争懸念で注目集まる新しい仮想通貨、今買うべき銘柄は?

    ...

    4 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.