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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • 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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

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

Биткоин и график

Strategy инвестирует $100 млн в Биткоин – институционалы укрепляют рынок

В моменты сильных ценовых колебаний именно институциональные игроки задают тон развитию крипторынка. Яркий пример – HYLQ Strategy Corp, публичная компания,...

daria 1 hour ago
Crypto Treasury Stocks Take a Fall After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto Treasury Stocks Dump After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto treasuries lose stock value after announcing new crypto investments, while Bitcoin took a dive to $111,676. Helius Medical Technologies...

Aaron Walker 1 hour ago
Dogecoin news

21Shares’ Spot Dogecoin ETF Hits DTCC—Will It Ignite A Rally?

21Shares’ proposed spot Dogecoin ETF has appeared on the Depository Trust & Clearing Corporation’s public “Exchange Traded Funds — Active...

Jake Simmons 2 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

Central Banks May Stockpile Bitcoin In 5 Years, Deutsche Bank Predicts

Christian Encila 38 minutes ago
snorter bot token

Μόλις 27 ημέρες απομένουν πριν κλείσει η προπώληση του Snorter Bot Token – Η πρώιμη πρόσβαση δεν θα διαρκέσει πολύ

Ιωάννης Ριζόπουλος 56 minutes ago
ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

guillaumev 1 hour ago

Premium Sponsors

Press Releases

  • Най-добрите мемекойни за...

    2 hours ago
  • Najlepsze memecoiny do kupienia, gdy kapitalizacja rynku memów zbliża się do 80 miliardów dolarów

    Najlepsze memecoiny do kupienia, gdy kapitalizacja rynku...

    2 hours ago
  • Altcoin sezóna je tu. Tyto tři faktory mohou pohánět rally

    Altcoin sezóna je tu. Tyto tři faktory mohou pohánět...

    2 hours ago
  • Najlepsze altcoiny do kupienia, gdy cena Solany zbliża...

    2 hours ago
  • Altcoin sezóna je tu. Tieto tri faktory môžu poháňať rally

    Altcoin sezóna je tu. Tieto tri faktory môžu poháňať...

    3 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.