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

Narratives Arise After Bitcoin’s Surge, But Here’s the Real Reason Behind the Move

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.

After hovering below its previous support at $7,000 for several hours yesterday, Bitcoin’s bulls were able to generate significant momentum that has allowed BTC to reclaim its position within the $7,000 region, and it appears that this upwards momentum is growing.

This move coincided closely with news regarding a US airstrike on a top Iranian military official, which led both crude oil and gold to surge. Many investors have claimed that BTC’s surge was rooted in this news, although it appears that there is another more technical factor behind this movement.

Narratives Abound as Analysts Attempt to Explained What Caused the Ongoing Bitcoin Rally 

At the time of writing, Bitcoin is trading up roughly 5% at its current price of $7,400, which marks a notable climb from its daily lows of $6,800 that were set at the bottom of yesterday’s sell off.

It is important to note that Bitcoin’s sharp surge from these lows did come about shortly after news broke regarding the successful airstrike on one of Iran’s top military officials, although it still remains unclear as to whether or not the two events are truly related.

Scott Melker, a popular cryptocurrency analyst on Twitter, explained in a tweet that he highly doubts that the latest Bitcoin rally is related to growing tensions between the US and Iran, explaining that a narrative is not needed to explain every single $400 movement.

“I seriously doubt Iranians are running home to buy $BTC because of this incident. The notion is somewhat absurd, to be honest. You don’t need a narrative for every $400 move,” he explained.

I seriously doubt Iranians are running home to buy $BTC because of this incident. The notion is somewhat absurd, to be honest. You don’t need a narrative for every $400 move.

— The Wolf Of All Streets (@scottmelker) January 3, 2020

Here’s the Real Reason Behind BTC’s Current Rally 

If Bitcoin did consistently perform well during times of heightened tensions between countries, it would confirm that the cryptocurrency has become a safe haven asset.

In spite of this, last night’s rally appears to be caused by a highly orchestrated short squeeze that was triggered by negative funding.

“Orchestrated short squeeze. 25x shorts liq’d off mid range zone and s/r zone. Price retraced with an overshoot of the mid range and 7250 s/r. The first sight of negative funding triggered the hunters. The game continues but the real buyers aren’t present,” CryptoISO, another popular cryptocurrency analyst on Twitter, explained in a recent tweet.

Orchestrated short squeeze.

25x shorts liq’d off mid range zone and s/r zone.

Price retraced with an overshoot of the mid range and 7250 s/r.

The first sight of negative funding triggered the hunters.

The game continues but the real buyers aren’t present.

— CryptoISO (@crypto_iso) January 3, 2020

If this Bitcoin movement is truly just a short squeeze, it will likely be fleeting and followed by further downside, but the possibility remains that this movement will lead some sellers to flip to buyers, thus further perpetuating this movement.

Featured image from Shutterstock.
Tweet123Share219ShareSend
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

bhutan crypto payments

Το Μπουτάν υιοθετεί τις κρυπτοπληρωμες παρά τα προβλήματα συνδεσιμότητας

Μέσω της συνεργασίας της Binance Pay με την DK Bank, οι ντόπιοι και οι τουρίστες μπορούν πλέον να κάνουν κρυπτοπληρωμες...

Ανθή Ντόνκοβα 3 hours ago
Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu?

Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu?

Bitcoin has experienced heightened volatility over the past few days, moving between critical levels as market participants await a clear...

Sebastian Villafuerte 3 hours ago
Ethereum

The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH

The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH...

Scott Matherson 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

Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025

Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025

Sebastian Villafuerte 4 minutes ago

25 Million Funtokens Burned! – How Does The Community React?

NewsBTC 2 hours ago
Bitcoin

Bitcoin Finds Support Above 50-Day SMA, But Next Direction Remains Uncertain

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • Best Crypto Payment Gateway for Trading in 2025

    2 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

    ...

    6 hours ago
  • 仮想通貨おすすめ|2025年に注目のポートフォリオ向け有望銘柄4選とは?

    ...

    6 hours ago
  • 「壮大で美しい法案」成立も暗号資産税制救済なし、新しい仮想通貨が未来を切り開く

    ...

    7 hours ago
  • FUNToken

    FUNToken Now Listed on Poloniex, Strengthening Global Reach...

    7 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.