• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
bitcoin price
Nexo Logo

Prominent Trader Suggests Bitcoin Could Soon Hit $15,000 by “Following Gold”

Nick Chong by Nick Chong
2 years ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

In the past few minutes, Bitcoin has crossed above $10,000 once again after consolidating at $9,900 for multiple hours. While it isn’t yet clear if BTC has flipped $10,000 into support, a prominent stock/futures trader is expecting a bigger breakout in the weeks and months ahead.

This analyst went as far as to say that there’s a good likelihood BTC trades at $15,000 by the end of the year.

Bitcoin Could Soon Surge Towards $15,000: Analyst

It’s been an explosive past few months for the gold market. Since the start of the year, an ounce of the precious metal has gained approximately 25%, surging from approximately $1,500 to $1,916 as of this article’s writing. This is just dollars short of gold’s all-time high price.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

According to Adam Mancini, a popular futures trader with over 50,000 followers, Bitcoin could soon follow gold higher. Arguing that BTC following the footsteps of gold will lead to a move to $15,000, then beyond, the analyst wrote:

“Bitcoin $BTCUSD is setting up for a move – likely to follow in $GOLD’s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets.”

Image

BTC price chart from tradingView.com. Macro analysis by trader Adam Mancini (@adammancini4 on Twitter).

Mancini is followed by other prominent traders in and outside of the cryptocurrency space, such as Peter Brandt, Steve Burns, and Bob Loukas.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

He isn’t the only one expecting Bitcoin could soon visit the region around $15,000.

The same analyst who predicted that BTC would undergo a V-shaped reversal at the $3,000 lows recently opined:

“A fair amount of ‘19/20 Bitcoin accumulation is happening by whales who bought the alt bottom My $BTC best guess for remainder of year: Parabolic 17K rally as alts hit distribution range followed by market wide shakeout, retest of 10.5K and grind to ATH Result: uber rektness.”

As reported by NewsBTC previously, this commentator said that Bitcoin is currently resembling the price action of the Nasdaq after the 2008 Great Recession. His fractal analysis predicts that BTC will hit $20,000 in 2020.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Not Everyone Is Convinced a Bull Run Is Here

While the recent price action has been impressive, not everyone is convinced the bull run is here.

Bob Loukas, an analyst that has been covering the Bitcoin price for years, recently commented:

“Continue to believe in bullish accumulation #bitcoin. Timing ripe (new cycle) for significant move higher here. Cannot rule out another 40day consolidation though, which ends with sharp V pattern from $7k’s or a volatility surge. Sorry to those looking for exact prediction.”

Image

Analysis of Bitcoin's price action over the past year by analyst Bob Loukas (@BobLoukas on Twitter). Chart from TradingView.com

Once Bitcoin breaks past $10,500, though, most analysts have said that they will flip any bearish bias.

Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from tradingView.com
Prominent Trader Suggests Bitcoin Could Soon Hit $15,000 by "Following Gold"
Tags: bitcoin pricebtcusdBTCUSDTxbtusd
Tweet123Share205ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
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.

Related Posts

Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows

Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows

22 mins ago
Ether options surpass Bitcoin options

Flippening Forewarning? Ether Options Overtake Bitcoin As The Top Crypto To Trade

17 hours ago
bitcoin

Bitcoin May Hit $10K As Price Slides Pre-FOMC Meeting

18 hours ago
greed

Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed”

23 hours ago
Bitcoin Poised For Recovery, Relief Summer still In Play?

Bitcoin Poised For Recovery, Relief Summer still In Play?

2 days ago
Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List THANKQ (TQP) on August 18, 2022

August 18, 2022

Crypto Finance Coin (CTFC) Is Now Available for Trading on LBank Exchange

August 18, 2022

LBank Exchange Will List SYLToken (SYL) on August 17, 2022

August 18, 2022

LBank Exchange Will List Omax Coin (OMAX) on August 18, 2022

August 18, 2022

PETT Is Now Available for Trading on LBank Exchange

August 18, 2022

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.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 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.