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 the Key Level Bitcoin Needs to Break to Extend Its Macro Momentum

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.

Bitcoin has seen some mixed price action throughout the past several days and weeks, struggling to garner any sustained buying pressure as its price hovers just above its crucial support between $9,900 and $10,000.

The crypto has been trading above these levels throughout the past couple of days, but the selling pressure appears to be ramping up.

One analyst is even noting that the failed breakout that took place today has opened the gates for BTC to see a sharp downswing towards $9,600 – which will likely send shockwaves throughout the market and create a major headwind for mid-sized and small-sized altcoins.

Another trader is noting that in order for this potential near-term weakness to be fully invalidated, Bitcoin needs to fly past $11,700. A failure to recapture this level in the coming weeks could be grave and lead to significantly further losses in the near-term.

Bitcoin Maintains Above $10,000 as Weakness Grows

At the time of writing, Bitcoin is trading up marginally at its current price of $10,185. This is around the price at which it has been trading throughout the past several days, with buyers being unable to catalyze any sharp momentum.

In the near-term, in order for the cryptocurrency to see any significant upside, it is imperative that bulls continue defending $10,000.

Any sharp dip below this level could lead to a selloff that sends it lower in the days and weeks ahead.

One analyst does believe that a break below this support is imminent, as the failed breakout seen today when BTC pushed to highs of $10,300 does indicate that a move towards $9,600 could come about at some point this week.

“That breakout failed. I’m now heavy swing short on both BTC & ETH. BTC to 9600. ETH to $290, possibly 250,” he explained.

Bitcoin

Image Courtesy of Byzantine General. Chart via TradingView.

Here’s the Key Level BTC Must Break to See Significantly Further Upside

In order for Bitcoin’s macro uptrend to remain intact, it is imperative that buyers ultimately propel it back above $11,700 in the mid-term.

“Goes to show you how relevant 11,700 still is for the greater trend,” one analyst said while pointing to the below chart.

Image Courtesy of Teddy. Chart via TradingView.

Because the support at $10,000 is quite strong, there is a possibility that Bitcoin will kick off a consolidation phase that subsequently allows altcoins to continue posting notable gains.

Any sustained decline beneath $10,000, however, could put an end to the bull run that smaller crypto assets have seen as of late.

Featured image from Unsplash.
Chart via 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

Ethereum price prediction Tom Lee news

Ethereum Skyrocket Math: Tom Lee Charts Path To $62,500

BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global...

Jake Simmons 1 hour ago
XRP

Is Binance Manipulating XRP Price And Driving The Crash? Analyst Gives Answers

In a recent post on X, crypto analyst Pumpius argued that the recent drop in XRP’s price is not natural...

Sandra White 2 hours ago
crypto ethereum bitcoin eth ethusd btc btcusd

Spot Crypto Trading Gets Major Green Light From US Regulators

In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have...

James Halver 3 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

maxi-doge-emo-2025-1000x-meme-coin-tw

9月狗狗幣再掀話題 Maxi Doge崛起挑戰迷因幣1000倍幣王座

Mark Mak 25 minutes ago
Bitcoin Price Recovery Underway

Bitcoin Price Recovery Underway – But Momentum Tells a Different Story?

Aayush Jindal 32 minutes ago
American Bitcoin

ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading

Ronaldo Marquez 46 minutes 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...

    5 hours ago
  • イーサリアム...

    5 hours ago
  • ビットコイン...

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

    5 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...

    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.