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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • 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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

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

Dogecoin

Cycle 3 Expectations Show Dogecoin Price Could Cross $10 With This Decisive Break

Crypto analyst DOGECAPITAL has predicted that the Dogecoin price could rally above $10. He revealed that the foremost meme coin...

Scott Matherson 1 hour ago
Crypto news

Crypto Markets Enter Their Most Crucial Macro Week In 2025 Yet

Crypto markets head into what could be a regime-setting macro week as “this week could reshape everything for the Fed...

Jake Simmons 2 hours ago

Fidelity Launches New Tokenized Fund as Market Nears $300B: Why Are Traders Joining Best Wallet Token?

Fidelity introduced the Fidelity Digital Interest Token (FDIT), an Ethereum-based tokenized share of the U.S. Treasury securities and cash equivalents,...

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

Ethereum Price Gains Fade

Ethereum Price To Clear $5,000 If This Level Is Broken

Sandra White 2 minutes ago
Solo Bitcoin Miner Earns $347K on the World's Most Competitive Crypto Network. Is Pepenode Presale the Next Mining Opportunity?

Solo Bitcoin Miner Earns $347K on the World’s Most Competitive Crypto Network. Is Pepenode Presale the Next Mining Opportunity?

Aaron Walker Just now
Critics Back Solana Under Cardano SPO Scrutiny, Snorter to Thrive on the Network's Strengths

Critics Back Solana Under Cardano SPO Scrutiny, Snorter to Thrive on the Network’s Strengths

Aaron Walker 7 minutes ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の課題:0.25ドル突破に苦戦、新しい仮想通貨に資金が流入する9月

    ドージコイン...

    11 minutes ago
  • リップル 今後の価格予測:ETF承認でビットコイン級60%上昇の可能性

    リップル...

    31 minutes ago
  • 3 najlepsze kryptowaluty, które możesz kupić już dziś...

    42 minutes ago
  • 2025年に飛躍が期待されるGrok AI注目の仮想通貨プレセール4選

    2025年に飛躍が期待されるGrok...

    47 minutes ago
  • 3 nejlepší kryptoměny, které dnes můžeš koupit –...

    56 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.