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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

The One Line In Bitcoin Everyone In Crypto Is Watching

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin bull cycle

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 price is currently flirting with a downward trend line that thus far has capped off any further upside. It is also what led to the sizable drop and historic quarterly close.

Because all eyes are likely on this major trend line preventing the top cryptocurrency from further new highs, any reaction at this level should be especially notable. Here is a closer look at the trend line and what might happen when it ultimately breaks.

One Line Could Prevent Bitcoin Price From New All-Time Highs

As this article gets typed, the urgency to hit publish is increasing, as Bitcoin price is making a push through this very trend line in reference.

Related Reading | The Idea That The Bitcoin Bottom Is In Is Broadening

The trend line is what stopped the bull rally of 2021 in its tracks, and a second touch caused a 50% collapse across crypto. The third touch could be the charm that sends the top cryptocurrency slicing right through it.

bitcoin trend lineThe entire market is watching this trend line | Source: BTCUSD on TradingView.com

Bitcoin has thus far struggled to get through it, but consolidation below resistance is typically bullish. The trend line also could be the last thing stopping from a variety of bottom patterns and signals from confirming.

BTCUSD Bull Flag Breakout Has Potential Target Near $300,000

Now only would a break of the trend line confirm a potential bump and run reversal bottom and a broadening wedge bottom formation, but it could confirm a potential high timeframe bull flag in Bitcoin.

A bull flag is characterized by having a long “pole” that is an overwhelming breakout from resistance and powerful move by bulls. These moves are typically accompanied with high volume. When the move comes to its climax, a downward sloping channel forms the “flag” component.

bitcoin bull flag

If the bull flag breakout is confirmed, the target is near $300K | Source: BTCUSD on TradingView.com

The downward sloping price action gives bears the indication that they are winning the fight, but bulls continue to buy at each low and eventually make another surprise push the yields similar results. A bull flag’s target is taken by measuring the length of the pole, and applying it to the breakout of the flag at the top trend line.

Related Reading | How A Hammer & The Golden Ratio Could Mean 6 More Months Of Bullish Bitcoin

If that’s where Bitcoin price is currently, the target of the pattern would be upwards of nearly $300,000 per coin. Interestingly, simply by taking the last bull market and juxtaposing it from the bear market bottom on, it would project a peak of $325,000 per coin, or not far off from the target of this potentially bullish pattern.

Text book bull flag could be breaking out in #Bitcoin pic.twitter.com/vdAAUqgzYJ

— Tony "The Bull" Severino, CMT (@tonythebullBTC) August 6, 2021

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
Tweet123Share196ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

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

bitcoin cena

仮想通貨に強気相場到来か|6月に注目のアルトコイン3銘柄

ビットコインの上昇を背景に、仮想通貨市場は強気相場への期待が高まっているソラナL2のアルトコインを分析する。 暗号資産(仮想通貨)市場はこのほど、ビットコイン(BTC)の市場シェア低下とともにアルトコ...

Yohei Hanazato 2 hours ago
SOLX

仮想通貨投資の新たな主役:Solaxyがプレセールで5,000万ドル目前、クジラも9万ドル以上購入

Solana初のLayer 2ソリューションである**Solaxy($SOLX)**が、公式ローンチまで残り2日を切った今、プレセールで5,000万ドル目前という驚異的な成果を達成しています。 すでに...

Yohei Hanazato 2 hours ago
Snorter

仮想通貨 1000倍の可能性:Snorter Tokenが1か月で100万ドル突破、ミームトレーダー必携の最強ボット登場

Snorter Token($SNORT)のプレセールが、わずか1か月あまりで100万ドルを突破しました。しかもその勢いは衰えず、多くの投資家がこの仮想通貨プロジェクトに熱狂しています。 このトークン...

Yohei Hanazato 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

Bitcoin price news

Buy Bitcoin Now? Not Yet—Analyst Says Time Holds The Key

Jake Simmons 45 minutes ago
Bitcoin

Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

Scott Matherson 1 hour ago
Altcoin

Altcoin Alert: Expert Reveals Hottest Opportunities For The Summer Season

Ronaldo Marquez 2 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Top 3 kryptoměny k nákupu před koncem léta — jedna stojí pod $0,04 a překonává Sui (SUI)

    Top 3 kryptoměny k nákupu před koncem léta — jedna...

    5 hours ago
  • Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí menej než 0,04 USD a prekonáva Sui (SUI)

    Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí...

    5 hours ago
  • Top 3 kriptó, amit megéri megvenni a nyár vége előtt — az egyik 0,04 dollár alatt van és felülmúlja a Sui-t (SUI)

    Top 3 kriptó, amit megéri megvenni a nyár vége előtt...

    7 hours ago
  • Top 3 opkomende crypto memes met toekomst terwijl SHIB & DOGE dalen – nu memecoins kopen?

    Đã Đến Lúc Bán Pepe Khi Giá Giảm 18%? Presale...

    8 hours ago
  • Como identificar criptomoedas baratas e promissoras

    Top 4 Các Đồng Coin Tiềm Năng Tháng 6 – Liệu...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.