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

Last 2 Times This Signal Was Seen, Bitcoin Dove 50%. It’s About to Happen Again

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.

Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next.

Nothing is a better sign of this than the funding rates of BTC futures markets, which are converging towards 0.00%. This shows that both the long and short side of the market is not overvalued.

An analyst has suggested that a retracement to $5,000 is possible as a key macro momentum indicator is poised to flip bearish for the first time since the second half of 2018.

Related Reading: Crypto Tidbits: BTC Fails at $10k, Ethereum Coins Explode, Coinbase Looks to Add 18 Altcoins

Bitcoin Trend Indicator Is About to Trend Bearish

In the middle of 2019, Bitcoin broke past resistance after resistance in rapid succession. The price action was so strong that many expected for BTC to set a new all-time high that year, with some tossing out high price predictions of $50,000 — or more.

Yet there were some analysts forecasting a retracement. One said that Bitcoin would fall to $6,400 — a drop of approximately 50% from the price at the time he made that call.

That same analyst recently suggested that there’s potential for Bitcoin to retrace 50% in the coming months, which would imply a low of ~$5,000 prior to a bounce.

The chart he shared below illustrates this sentiment well. It shows Bitcoin’s macro price action alongside a channel/momentum indicator that has attempted to determine in what macro direction BTC is trending.

Each time the channel flipped red over the past five years, the price of Bitcoin retraced 50% — hence the forecast of a potential retracement to the $5,000s.

Image

Macro s price chart from trader "Dave the Wave" (@Davonwave on Twitter). Chart from TradingView.com. 

Importantly, the indicator that the trader shared is lagging. That’s to say, Bitcoin may actually trend higher while the channel is red, That doesn’t take away from the importance of the indicator, though, especially considering its historical precedent.

This Time Is Different

The indicator depicted by the analyst is seemingly poised to roll over. Yet there is a confluence of positive technical and fundamental factors that signal Bitcoin will move higher out of the ongoing consolidation.

Per previous reports from NewsBTC, BTChas traded in nine five-week, 20% consolidations over the past two years. A data analyst found that 77% of those patterns have broken higher, suggesting the ongoing consolidation has a high historical chance of breaking higher.

In terms of fundamentals, JPMorgan is currently expecting a 47% rally in the value of equities, despite the S&P 500 already rallying 40% from the March lows.

Bitcoin will benefit if equities rally further due to the relatively tight correlation between cryptocurrencies and traditional financial markets that has formed over recent months.

Related Reading: BTC Hash Rate Recovers to Pre-Halving Levels, But a Chinese Mine Just Burned Down
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Technical charts from Tradingview.com
Last 2 Times This Signal Was Seen, Bitcoin Dove 50%. It's About to Happen Again
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

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset...

Samuel Edyme 2 hours ago
Bitcoin Price Surges Toward $110K

Bitcoin Price Surges Toward $110K — Will It Finally Stick the Landing?

Bitcoin price started a fresh increase from the $105,200 zone. BTC is now consolidating and might struggle to continue higher...

Aayush Jindal 4 hours ago
Bitcoin

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Bitcoin held its ground as US President Donald Trump’s “One Big Beautiful Bill” passed the Senate late Monday narrowly by 51–50...

Christian Encila 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

Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Samuel Edyme 23 minutes ago

2020牛市模式7月升浪再現 分析師示警行情爆發BTCBULL成百倍幣首選!

Peter Chow 24 minutes ago
bitcoin

Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    7 hours ago
  • O criptomonedă de top de cumpărat înainte să crească...

    7 hours ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    9 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    12 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    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.