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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Five Years of Bitcoin Trendlines All Lead to This One Point; “Fireworks” Inbound

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

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.

Since Bitcoin’s genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent.

Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and the combination of these factors suggest that BTC could be en route to setting fresh all-time highs.

One interesting factor that should be noted is that the convergence of two key trendlines formed over the past five years coincides strikingly close with the cryptocurrency’s upcoming mining rewards halving event – signaling that “fireworks” could be imminent.

A Tale of Two Trendlines: This Pattern Suggests Bitcoin Could Be in for an Explosive Movement 

Over the past few days, Bitcoin’s price has been oscillating between the lower and upper-$8,000 region, with this ongoing consolidation phase coming at the tail end of its recent multi-week uptrend.

Although the near-term prospects for Bitcoin remain foggy, its mid-term outlook might just be more bullish than ever, as BTC is close to reaching the apex of a massive bull flag comprised of two trendlines that have been formed over a multi-year period.

Interestingly enough, the apex of this pennant coincides precisely with the anticipated date of Bitcoin’s upcoming mining rewards halving in May, which suggests that this time period could be a historical pivoting point for the cryptocurrency.

“5 years of trendlines perfecting coinciding with the most highly anticipated event in BTC history. Fireworks in store!” Travis Kling – a partner at the Ikigai Fund – explained in a tweet while pointing to the below chart.

5 years of trendlines perfecting coinciding with the most highly anticipated event in BTC history. Fireworks in store! pic.twitter.com/RWNcV0cWa3

— Travis Kling (@Travis_Kling) January 23, 2020

Will the Next Rally Lead BTC Into the Six Figures?

While BTC remains stuck beneath the coveted five-figure threshold at $10,000, it is difficult to realistically muse the possibility that it will soon be trading at $100,000 or more.

This may not be as farfetched as one would assume, however, as Galaxy, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a break above the descending resistance formed since the 2017 rally could lead Bitcoin straight to “$100k minimum.”

“Breaking the green line will be what triggers the next parabolic movement that will take us to $100K minimum. Save this picture. You are not late. You are early.”

Breaking the green line will be what triggers the next parabolic movement that will take us to $100K minimum.

Save this picture.

You are not late. You are early.$BTC pic.twitter.com/LmSD55hSpv

— Galaxy (@galaxyBTC) January 15, 2020

It just so happens that this trendline is the same upper boundary as the one seen on the chart referenced by Kling, which signals that BTC could be just mere months away from an explosive movement to fresh all-time highs.

Featured image from Shutterstock.
Tweet123Share339ShareSend
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

эфириум

Ethereum на грани дефицита ликвидности: что это значит для инвесторов

Интерес институционалов к Эфириум заметно увеличился, и на фоне этого растет и внимание к инструментам, которые помогают участникам рынка получить...

daria 5 hours ago

Ethereum (ETH) sull’Orlo di Una Crisi di Offerta: Cosa Significa per gli Investitori

Il prezzo di Ethereum (ETH) ha superato nella giornata di oggi i 4.500 dollari, creando un’ondata di ottimismo attorno alla...

clararosati 6 hours ago

Maxi Doge – Πάνω από 2 εκατομμύρια στο Presale. Το νέο Dogecoin με προοπτική 100x

Μήπως έφτασε η στιγμή που το Dogecoin (DOGE) θα χάσει τα πρωτεία του; Αυτό τουλάχιστον δείχνουν τα νούμερα, αφού το...

Ιωάννης Ριζόπουλος 7 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

Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Sebastian Villafuerte 33 minutes ago

Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand

Sebastian Villafuerte 3 hours ago

Expert Crypto Trader Says Dogecoin Price Looks ‘Very Good’, Here’s Why

Sandra White 5 hours ago

Premium Sponsors

Press Releases

  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    3 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    3 hours ago
  • イーサリアム...

    4 hours ago
  • ビットコイン...

    5 hours ago
  • 頑固な抵抗線を突破し、0.0001ドルへのラリーは可能か?

    シバコイン...

    5 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.