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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Crypto Markets Cool After China Rally, Though Hardly a ‘Massive Dump’

Martin Young
Martin Young
5 years ago
2 mins read
technical analysis altcoins

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.

A correction after such a monumental crypto rally is to be expected though some industry observers will always see the negative side of things. Bitcoin has largely held on to gains though it appears to be weakening, while the altcoins are falling back at a faster rate.

Bitcoin Holds Above $9,000

Many were expecting a big dump following the weekend’s rally but Bitcoin has held on to most of its gains and remains 24% higher than it was at the end of last week.

According to Tradingview.com BTC crept close to $10k again during trading yesterday but there was too much resistance at this level. Since then it has pulled back to an intraday low of $9,200 and is currently trading just above that.

crypto bitcoin
BTC prices 1 hour – Tradingview.com

A plunge through the $9k level could see BTC back at $8,600 very quickly and this could lead to further declines below $8k again. This would invalidate the recent rally according to economist Alex Krüger who remains bullish.

$BTC. Chart. Bullish. Invalidation: 8200-8000. pic.twitter.com/jJWoGGUZqj

— Alex Krüger (@krugermacro) October 28, 2019

The Bitcoin bashers have already been out spouting about a whale manipulated pump and dump that was nothing to do with China. Peter Schiff just couldn’t resist despite the fact that his beloved yellow metal has never moved by such a massive amount in such a short space of time.

Schiff has altered his stance on crypto recently with a few positive things to say but was back bashing again yesterday with this gem.

“It clearly looks like market manipulation by whales looking to sucker in momentum buyers. By pumping up a technically weak market, they are able to dump more #Bitcoin at higher prices.”

He refutes the fact that China had anything to do with it despite nearly all Chinese crypto assets surging even higher yesterday.

Altcoin Correction

As expected, the altcoins are correcting today with those making the most currently dropping the most. While this may look like a pump and dump, total crypto market capitalization remains above $245 billion at the moment which suggests the inflow of capital is still there.

Ethereum has remained flat, holding on to gains and trading just below $185 at the time of writing. If ETH can retake $200 and move independently of Bitcoin in the next week or so there could be a real rally ahead as Istanbul gets rolled out.

XRP has fallen back below $0.30 but only just, while Bitcoin Cash remains steady at $265. Litecoin and EOS are both weakening with a 3-4% loss but Tron has held on to most of its big gains yesterday.

There is a lot of red across the boards at the moment but losses are minimal for most and largely expected after such a big move. Price does not move in a straight line!

Image from Shutterstock
Tweet123Share196ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

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

shiba inu koers, kan shiba inu 1 euro worden, crypto meme, meme coin

Shiba Inu koers herstelt licht, maar de bears blijven dreigen

De Shiba Inu koers is er over de afgelopen 7 dagen in geslaagd om meer dan 16% te stijgen. Maar...

Lars Diederiksen 3 hours ago
cardano ada adausd

The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold Prediction

Cardano has been one of the best performing assets on low timeframes. The top cryptocurrency is hinting at further profits,...

James Halver 3 hours ago
Chainlink

Chainlink Uptrend Weakening As Signs Of Fatigue Emerge: Why $14.20 Is Important

Sharing fresh insights on X, Crypto Analysis AI observed that Chainlink is maintaining its upward trajectory, but not without signs...

Godspower Owie 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

Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout

Christian Encila 23 minutes ago
99Bitcoins Q2 Report Unveils What’s Powering the 2025 Crypto Boom

99Bitcoins Q2 Report Unveils What’s Powering the 2025 Crypto Boom

Aaron Walker 2 hours ago
Bitcoin

Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • 4 criptomonede cu care poți transforma 1000 de lei în milioane vara aceasta

    4 criptomonede cu care poți transforma 1000 de lei în...

    1 hour ago
  • 3 altcoinuri de urmărit în a doua săptămână a lunii iulie 2025

    3 altcoinuri de urmărit în a doua săptămână a lunii...

    2 hours ago
  • 3 altcoinuri de urmărit în a doua săptămână a lunii iulie 2025

    3 alternatívne kryptomeny, ktoré sa oplatí sledovať v...

    2 hours ago
  • 4 kriptovaluta, amivel 1000 dollárból akár milliókat csinálhatsz ezen a nyáron

    4 kriptovaluta, amivel 1000 dollárból akár milliókat...

    2 hours ago
  • 仮想通貨プレセール急伸──新興トークンが75万ドル突破、次に爆発するアルトコインは?

    ...

    3 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.