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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • 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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

These Factors Make Bitcoin’s Bull Case as Strong as “Physics”: Fund Manager

Nick Chong
Nick Chong
1 year ago
2 mins read
bitcoin price gravity physics

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 been on a remarkable run over the past few weeks, rallying over 100% from March’s lows around $3,700. It’s been an impressive move that has liquidated dozens of millions of dollars worth of shorts.

But even after more than 100% in gains, analysts are convinced that BTC has more upside. One fund manager, in fact, went as far as to say that cryptocurrency bears are “fighting physics,” referencing the technical confluence that is almost acting as an upward gravity for the Bitcoin price.

Bitcoin is Readying to Break Even Higher: Hedge Fund Manager

Although Bitcoin’s ongoing rally has paused over the past few days, with BTC stagnating around $7,500, Matt D’Souza — CEO of Blockware Solutions and a hedge fund manager — is convinced more upside is in the cards.

In fact, in a recent remark made on Twitter, D’Souza said that he thinks bears trying to push Bitcoin below the ever-important $7,500 level is “like trying to hold a basketball underwater.” “Don’t fight physics,” the crypto investor added, referencing his sentiment that it’s almost inevitable BTC pops higher in the coming days and weeks.

Backing this optimistic sentiment, D’Souza pointed to Bitcoin’s price action over the past few weeks, remarking how it looks structurally similar to the accumulation in April 2019, prior to the 200% breakout to $14,000.

The investor added that with March’s crash came a drop in Bitcoin’s mining difficulty and hash rate, which “removes sell pressure from the network.”

It feels a lot like April 2019 to me. People didnt want to believe #Bitcoin could rally. The market has tried to push BTC below $7500 but its like trying to hold a basketball underwater – dont fight physics.

Gold's chart has exceptional symmetry.

Lets see if they work together pic.twitter.com/FxXZBMnClE

— Matt D'Souza, CPA (@mjdsouza2) April 26, 2020

Other Factors Corroborate This

Simple statistics corroborate the sentiment that there is more upside in the cards for Bitcoin and other cryptocurrencies.

According to a pseudonymous crypto trader, “Bitcoin Jack,” there’s a high likelihood BTC continues to rally even higher over the next seven days per simple statistics. He explained that 75 percent of the time that Bitcoin has managed to print six consecutive green candles in a row (as it is about to in a few hours), the next week sees BTC rally even higher:

“If this week closes green, we have 6 consecutive W1 bull candles for BTC. This only occurred 8 times for the young asset: 6 saw a bull candle next, 2 saw a bear candle next.”

There’s also a growing convergence of positive fundamental events and trends that suggest more upside is imminent.

One such event is the Bitcoin block reward reduction (or “halving”) taking place in approximately two and a half weeks as of the time of this article’s writing. Investors expect this halving to be bullish for the Bitcoin price due to simple supply-demand dynamics, with an econometric model by PlanB suggesting that the cryptocurrency will have a fair value of $50,000 to $100,000 per coin after the event.

Photo by Joanna Nix on Unsplash
Tweet123Share218ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

ada-price-holds-0-80-snorter-presale-surges-2025-surprise-tw

ADA今日價格守住0.80美元關鍵支撐 Snorter預售爆紅成2025最大驚喜?

在萬物皆跌的加密世界裡,ADA試圖守住0.80美元的支撐,這不是一次技術上的死撐,而是信念與市場心理之間的拉鋸。自從跌破1美元後,Cardano被許多人貼上了過氣公鏈的標籤,即便它曾在牛市頂峰站上3....

Kelvin Lee 3 hours ago
Solana SOL SOLUSD

Solana Price Tightens Near $200 While Adoption and Treasuries Challenge Bitcoin

Solana (SOL) has entered a crucial zone as the price tightens near the $200 support level. The recent pullback in...

James Halver 4 hours ago
Bitcoin

Bitcoin Consolidation Phase: Why Chop Is A Normal Aftermath Of Extreme Volatility

Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase,...

Godspower Owie 6 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

criptomonede cu potential

În ce criptomonede cu potențial investim pe final de septembrie?

antonio 14 minutes ago
Solana

Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy

Rubmar Garcia 2 hours ago
Bitcoin Price Struggles Under Resistance

Bitcoin Price Struggles Under Resistance – Will Bulls Fail and Bears Take Control?

Aayush Jindal 3 hours ago

Premium Sponsors

Press Releases

  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    9 hours ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    10 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    14 hours ago
  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    16 hours ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    16 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.