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

History Suggests Bitcoin is Currently in Early Stages of Next Bull Run

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.

After briefly incurring a significant influx of buying pressure, Bitcoin (BTC) has once again lost its momentum and is now nearing its key psychological support level at $10,000, which has proven to be a strong support level for the cryptocurrency in recent times.

In spite of this currently bearish price action, one analyst is noting that history suggests that Bitcoin may currently be in the early stages of the next massive bull run, which may mean that its current bearishness will ultimately prove to be fleeting.

Bitcoin Drops to $10,000

At the time of writing, Bitcoin is trading down just over 1.5% at its current price of $10,020, which marks a slight retrace from its 24-hour highs of over $10,200.

Bitcoin’s inability to gain any momentum as it trades sideways within the lower-$10,000 region appears to be spelling trouble for the cryptocurrency’s bulls, as it is beginning to look increasingly likely that another drop into the four-figure price region is imminent.

Previously, BTC has found significant support within the lower-$9,000 region, and this is the price region that analysts will be closely watching in the near-term.

UB, a crypto analyst on Twitter, spoke about Bitcoin’s current price action in a recent tweet, explaining that he expects it to drop lower in the coming days after facing a rejection at $10,450.

“$BTC – Despite the strong Daily Candle, Bitcoin is still unable to close above Diagonal Resistance / $10,450. You can see many examples on the Hourly Chart when significant wicks lead to nothing. Typically, the wicks get “filled” and price continues in that direction,” he noted.

$BTC – Despite the strong Daily Candle, Bitcoin is still unable to close above Diagonal Resistance / $10,450.

You can see many examples on the Hourly Chart when significant wicks lead to nothing.

Typically the wicks get "filled" and price continues in that direction. #BTC pic.twitter.com/yAKKxHYZZp

— UB (@CryptoUB) September 21, 2019

 

Will BTC Soon Enter Next Parabolic Phase?

Willy Woo, another popular crypto analyst on Twitter, spoke about the possibility that BTC is currently in the early-stages of the next bull run in a recent tweet, pointing to a historical pattern that shows that BTC may soon see significantly further gains.

“Cheat sheet map of where we are in this bull market according to on-chain metrics. We’re closing up the opening act of the bull market and awaiting the middle bull market to commence,” Woo said while pointing to the below chart.

Cheat sheet map of where we are in this bull market according to on-chain metrics. We're closing up the opening act of the bull market, and awaiting the middle bull market to commence. pic.twitter.com/xkmY5i605G

— Willy Woo (@woonomic) September 21, 2019

The coming days and weeks may prove to be somewhat bearish for Bitcoin, but its long-term price action may be bolstered by bullish fundamentals that are seen within the on-chain data-based chart that Woo references above.

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

etf-xrp-doge-lancement-explosif-54-millions-echanges

ETF XRP et DOGE : un lancement explosif avec 54 millions $ échangés

Ouverture canon. Les ETF adossés à XRP et DOGE ont enregistré 54 M$ de volumes pour leur première séance. Ce...

guillaumev 2 hours ago
snorter-bot-4-millions-ico

Snorter Bot approche les 4 M$ lors de son ICO, alors que d’importantes mises à jour de l’écosystème sont déployées

Jeudi 18 septembre 2025 – Alors que le trading bot Telegram Snorter Bot Token (SNORT) frôle les 4 millions de...

guillaumev 3 hours ago
Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase has reached a new milestone, with Coinbase Advance’s total USD reserves climbing to $112 billion, the highest level since...

Sebastian Villafuerte 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

Chainlink

Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Godspower Owie 2 minutes ago
Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

Scott Matherson 1 hour ago
XRP

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    6 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    6 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    6 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    6 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    6 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.