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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Here’s One Key Reason Why This Bitcoin Uptrend Differs from Previous Ones

Cole Petersen
Cole Petersen
1 year ago
2 mins read

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.

It has been a turbulent past few days for Bitcoin and the aggregated crypto market, with bulls primarily controlling the cryptocurrency.

Bears have gained some ground today, however, as the recent rejection at $13,800 has sparked a somewhat intense selloff that isn’t showing any signs of slowing down.

This downtrend has been perpetuated by strength seen by the US Dollar as well, which BTC has formed an inverse correlation to throughout the past few months.

So long as Bitcoin holds above $12,800, however, its bull case is still incredibly strong, and there’s a solid possibility that it will see further upside in the days and weeks ahead.

One analyst is now noting that there are also some key differences between this rally and the one seen in the summer of 2019.

Unlike then, and in previous years, BTC’s ascent has been slow and measured, with the cryptocurrency largely lacking volatility as bulls slowly push the cryptocurrency higher.

So far, each pullback has also been tempered, with bulls rapidly absorbing the selling pressure each time it nears support.

These are positive trends that may indicate upside is imminent.

Bitcoin Faces Harsh Rejection at $13,800, Plunges to Key Support

At the time of writing, Bitcoin is trading down roughly 4% at its current price of $13,150. This marks a notable decline from its recent highs of $13,800 that were set yesterday afternoon at the rally’s peak.

The rejection here was not instant, as BTC consolidated for several hours before witnessing an influx of selling pressure.

This is a positive sign, as it suggests that the sell-side pressure at this level isn’t too intense.

Nonetheless, it still sent BTC down to a key support region, and whether or not bulls can defend it should offer insights into their underlying strength.

Analyst: Lack of Immense BTC Volatility a Positive Sign

Despite seeing some moves that he describes as “intermittent whipsaws,” one analyst is noting that the general lack of volatility seen throughout the past couple of weeks as Bitcoin has advanced higher shows that this rally is different than those seen in years past.

“BTC saw these prices in Dec 2017 then once in Jun 2019. We’re here again today but volatility hasn’t even started picking up. Yes this time is different.”

Bitcoin

Image Courtesy of Mohit Sorout. Source: BTCUSD on TradingView.

Unless this recent decline marks the start of heightened volatility, the steady upward progression and lack of any big movements point to some underlying bullishness.

Featured image from Unsplash.
Charts from TradingView.
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.

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 price surge

Hyperliquid Hits $400B Trading Volume and $100M Revenue as HYPE Price Eyes $55 Breakout

Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion...

James Halver 3 hours ago

Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details

Bitcoin is once again at the center of market turbulence, trading just above the $110,000 level, which many analysts view...

Sebastian Villafuerte 6 hours ago
bitcoin и графики

Почему Биткоин не дошел до $150 000 и какую роль играет инфраструктура?

Биткоин вновь столкнулся с коррекцией и отступил почти на 10% от исторического максимума выше $124 000. Аналитики объясняют снижение активностью...

daria 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

crypto ethereum bitcoin eth ethusd btc btcusd

Spot Crypto Trading Gets Major Green Light From US Regulators

James Halver 16 minutes ago
Ethereum

Ethereum Network Activity Surges As Daily Transactions Reach 12-Month Peak — Details

Godspower Owie 1 hour ago
Cardano

Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    1 hour ago
  • イーサリアム...

    1 hour ago
  • ビットコイン...

    2 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    2 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    2 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.