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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Economist Expects These Cryptos to Bounce Due to Three Simple Factors

Cole Petersen
Cole Petersen
5 years ago
2 mins read
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.

Today’s been a rough day for the crypto markets, with Bitcoin’s recent capitulatory selloff reaching a boiling point this morning that subsequently led most other major altcoins to similarly see intense selloffs of 10% or more.

This movement has led the market structures of most digital assets to become firmly bearish, although one crypto-focused economist is now noting that he anticipates three cryptocurrencies to see notable bounces in the near-term.

There are three primary factors that play into his analysis, and the confluence of these factors could lead a handful of cryptocurrencies to see notable uptrends.

Bitcoin Selloff Creates Market Bloodbath; Key Levels to Watch For 

At the time of writing, Bitcoin is trading down over 7% at its current price of $8,300, which marks a notable decline from daily highs that were set yesterday within the upper-$8,000 region.

BTC’s intense decline from these daily highs sent shockwaves throughout the aggregated crypto market, leading most major altcoins to also see capitulatory selloffs.

In the near-term, it is highly probable that the fate of these altcoins rests firmly in the hands of Bitcoin, as a failure for the cryptocurrency to recapture $8,400 before its daily and weekly close in a few hours could spell significant trouble for what comes next.

Nik Patel, a prominent cryptocurrency analyst, spoke about this in a recent tweet, explaining that a firm climb back above this level could suggest that the Bitcoin bottom is in – subsequently allowing altcoins to also surge higher.

“If we close today above $8400, I would be 75% sure the bottom is in. Why? SFPs of two important swing-lows, rejection from the 360MA and anyone thinking this is a break of a H&S neckline is trapped. Target would be 9250, then new highs if support reclaimed up there,” he explained.

$BTC

*IF* we close today above $8400, I would be 75% sure the bottom is in.

Why? SFPs of two important swing-lows, rejection from the 360MA and anyone thinking this is a break of a H&S neckline is trapped.

Target would be 9250, then new highs if support reclaimed up there. pic.twitter.com/1pDjnvJLLj

— Nik (@cointradernik) March 8, 2020

Economist: These Three Cryptos are Poised for a Major Bounce 

Alex Krüger – a crypto-focused economist – recently echoed Patel’s sentiment, explaining in a tweet from his alt account that he believes Bitcoin, Tezos, and Ethereum could all be close to posting mid-term bottoms due to a few key technical factors.

“BTC ETH and XTZ. That’s what I got. Usually use larger stops when catching knifes, but bull trend looks over and if sub 8100 expect 7s soon. Keys for timing such entries, for me, are – high frequency volume data – higher time frame support level (8200) – intraday push count,” he explained.

The upcoming daily and weekly close should offer significant insight into where Bitcoin and the aggregated cryptocurrency market is heading next.

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

hyperliquid-stablecoin-hylq-bets-hype-new-crypto-focus-tw

Hyperliquid引爆穩定幣通路革命 HYLQ策略押注HYPE成新興加密投資焦點

在這個資本與代幣合而為一的時代,炒作已非貶義詞,而是敘事的骨幹。當我們談論Hyperliquid時,不只是提到一個永續合約交易平台,更像是在說一部劇情急轉直下的現代金融劇,主角身上寫著「高槓桿」與「高...

Peter Chow 2 hours ago
Binance

Whispers Of CZ’s Return To Binance Push BNB Price Past $960

Changpeng “CZ” Zhao has stirred fresh talk that he may be stepping back into a bigger public role at Binance...

Christian Encila 3 hours ago
ethereum eth

Ethereum Price Prediction: Citi Caps Year-End at $4,300, But ETF outflows Challenge Outlook

Ethereum (ETH) has been consolidating between $4,200 and $4,700 after setting an all-time high last August. While many investors anticipate...

James Halver 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

ethereum

Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest

Ash Tiwari 8 minutes ago
Solana

FalconX Moves 413K Solana Worth $98M – Impact On SOL Price

Christian Encila 1 hour ago
Bitcoin Price Faces Big Test

Bitcoin Price Faces Big Test – Resistance Could Decide Next Move

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • 3 нискокапитализирани алткойна...

    12 hours ago
  • Топ алткойни за купуване, докато цената на Solana се доближава до исторически връх

    Топ алткойни за купуване, докато...

    15 hours ago
  • Najlepšie altcoiny na kúpu, kým cena Solany dosahuje...

    16 hours ago
  • ドージコイン 今後:ETF上場前の蓄積と価格分析が示す「事実売り」の可能性

    ドージコイン...

    16 hours ago
  • リップル 今後の行方:FOMC前に3ドルを維持、クジラが大量売却

    リップル...

    17 hours 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.