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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • 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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Don’t Be Fooled: Crypto Markets Still Likely to See Intense Pullback

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Bitcoin BTC Crypto

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.

The crypto markets incurred a notable uptrend today that was catalyzed by Bitcoin’s rise to highs of nearly $9,000 before it incurred a slight influx of selling pressure that caused BTC to dip slightly lower.

Most major altcoins are now pushing up against key resistance levels as they take sight of revisiting their 2020 highs, although it is highly likely that their next move will closely track that of Bitcoin.

Because of this, it does seem as though this latest rally may simply be another lower high that is followed by further downside, as multiple technical formations are currently spelling trouble for BTC’s near-term price action.

Crypto Markets Rally Towards Key Resistance with Bitcoin Leading the Way 

At the time of writing, Bitcoin is trading up just under 4% at its current price of $8,915, which marks a notable climb from its daily lows of $8,400 that were set early yesterday.

In the near-term, the key levels that analysts are closely watching exist at $9,000 and $9,200 respectively, as these are where bears have begun stacking significant sell orders in an attempt to halt the ongoing market-wide rally.

Bitcoin’s climb towards $9,000 has allowed virtually all major cryptos to rally concurrently, with Bitcoin Cash and Bitcoin SV leading the markets, trading up 7% and 11% respectively.

HornHairs, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes BTC may see a brief short-term pullback towards $8,800 before it makes a successful attempt to break $9,000.

“$BTC This smaller 5 min TF range will be telling, imo. When BTC gets going it’ll form these, sweep the highs and then the lows into demand and keep chugging upwards. If it fails that, good chance we cool off for a bit,” he explained while pointing to the below chart.

$BTC

This smaller 5 min TF range will be telling, imo.

When BTC gets going it'll form these, sweep the highs and then the lows into demand and keep chugging upwards.

If it fails that, good chance we cool off for a bit. pic.twitter.com/OXbs5BU4na

— HornHairs 🌊 (@CryptoHornHairs) January 27, 2020

Massive Technical Resistance Could Halt the Market’s Growth

Because the future of the aggregated crypto market hinges on where Bitcoin goes next, it is imperative to note that the crypto is currently pushing up against a key technical resistance level that could halt the ongoing uptrend.

Dyme – a popular Bitcoin advocate on Twitter – recently noted that BTC is pushing up against its 200-day moving average, which could mean that it will face a massive rejection at this level.

“Well hi there mr 200 MA… are we staying here long or is this just a test?” He explained while referencing the below chart.

Well hi there mr 200 MA

are we staying here long or is this just a test? pic.twitter.com/ZJfQWqPY3F

— Dyme (@CryptoParadyme) January 27, 2020

How Bitcoin responds to this level in the coming few days will likely set the tone for its mid-term trend, subsequently giving guidance to the aggregated crypto market.

Featured image from Shutterstock.
Tweet123Share196ShareSend
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

27-jours-avant-fin-prevente-snorter-bot-token

27 jours avant la clôture de la prévente du Snorter Bot Token – Profitez vite de l’accès exclusif

Mercredi 24 septembre 2025 – Le compte à rebours est lancé : il ne reste que 27 jours pour profiter...

guillaumev 2 hours ago

Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market

Bitcoin is under renewed selling pressure as fear begins to creep back into the market. After weeks of high volatility,...

Sebastian Villafuerte 2 hours ago
Dramatic Surge in Bitcoin Millionaires Pushes Bitcoin Hyper to Nearly $18M

Dramatic Surge in Bitcoin Millionaires Pushes Bitcoin Hyper to Nearly $18M

Recent data shows that the number of Bitcoin millionaires is climbing at a pace not seen since the last bull...

Aaron Walker 2 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

Secondo Deutsche Bank le Banche Centrali Potrebbero Accumulare Bitcoin Entro 5 Anni

clararosati 55 minutes ago
XRP

XRP Gets A Retirement Twist: Expert Calls It A 401(k)

Christian Encila 1 hour ago
21shares-lance-etf-dogecoin-dtcc

21Shares lance un ETF Dogecoin sur la DTCC

guillaumev 1 hour ago

Premium Sponsors

Press Releases

  • リップル 今後の価格予測:ETFローンチで5ドル上昇の可能性、重要サポートが焦点

    リップル...

    2 minutes ago
  • ジェミニが選ぶ、市場クラッシュを乗り越える仮想通貨プレセール3つ

    ...

    12 minutes ago
  • 米英の暗号資産規制協力が進展中:今注目すべき仮想通貨おすすめとは

    ...

    28 minutes ago
  • 新しい仮想通貨が「次のドージコイン」と注目:0.0002ドルのミームトークンは爆発的に成長するか?

    ...

    48 minutes ago
  • アルトコイン市場が活発化しており、その上昇を後押しする三つの要因が注目されている

    ...

    57 minutes ago

Newsletter

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.