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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

This Bullish Bitcoin Indicator Flashed 3 Times in 11 Years. It Just Hit Again

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.

The short-term bull market that Bitcoin has been caught within over the past couple of weeks has completely altered the sentiment amongst cryptocurrency investors for the better and has led to a strong sense of vitality amongst BTC bulls.

The impacts of this 2020 uptrend have stretched beyond just shifting investor sentiment, as it also appears to have significantly bolstered Bitcoin’s technical strength, with the crypto’s recent lows of $6,400 looking increasingly like a long-term bottom.

Most importantly, however, is the fact that this recent rally has allowed a key technical indicator to flash an elusive bottom sign, signaling to investors that the cryptocurrency could now be positioned for a parabolic rally.

Prominent Technical Indicator Flashes Rare Sign, Signaling a Massive Bitcoin Rally is Imminent  

Bitcoin’s 2020 rally has allowed it to climb from its early-January lows of $6,800 to highs of $9,000, which is just a hair above the price at which it is currently trading at.

This massive rally has resulted in renewed technical strength, leading many analysts to grow increasingly bullish on what’s ahead for the cryptocurrency in the new year.

One indicator that recently flashed an incredibly bullish sign is BTC’s direction movement index (DMI), which compares an asset’s prior highs and prior lows to calculate which direction an asset is likely to trend.

This indicator is now signaling that Bitcoin has established an interim bottom, an elusive sign that has only flashed on 3 occasions over the past decade, with each time being closely followed by a parabolic uptrend.

Mohit Sorout, a partner at Bitazu Capital, pointed this out in a recent tweet, concisely noting that “bears will say it’s photoshopped” while referencing a chart that shows the rare sign, which is marked by a crossover between the DMI’s positive and negative directional movement lines.

Bears will say it's photoshopped.$BTC pic.twitter.com/Jxo0C0YTqg

— MS📈 (@singhsoro) January 17, 2020

Just How Far Could the Next BTC Rally Extend?

Although it remains unclear as to whether or not Bitcoin’s next parabolic rally will match the magnitude of those seen in years past, some analysts are noting that a break above a key multi-year descending resistance could spark a move to $100,000 or more.

“Breaking the green line will be what triggers the next parabolic movement that will take us to $100K minimum… You are not late. You are early,” Galaxy – a popular crypto analyst – explained in a recent tweet.

Breaking the green line will be what triggers the next parabolic movement that will take us to $100K minimum.

Save this picture.

You are not late. You are early.$BTC pic.twitter.com/LmSD55hSpv

— Galaxy (@galaxyBTC) January 15, 2020

While considering the elusive DMI crossover that Bitcoin just posted, it seems as though the current 2020 rally is just getting started and could result in another parabolic trend cycle.

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

xrp-flambee-marche-crypto

XRP et flambée du marché crypto : que faire les prochaines semaines ?

Depuis le début d’août, l’air est différent. Wall Street respire mieux, les écrans clignotent à nouveau dans le vert, et...

guillaumev 9 hours ago
solana-depasse-bnb-capitalisation-record-sol

Solana dépasse à nouveau BNB : vers une capitalisation record pour SOL ?

En septembre 2025, Solana vient, encore une fois (c’est une habitude) de franchir un cap symbolique. Son token a dépassé...

guillaumev 10 hours ago
Ethereum

Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?

Ethereum (ETH) stands out with one of the best price performances from last week as a general bullish sentiment swept...

Semilore Faleti 10 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

Kas ir Pepe Coin

The Big PEPE Price Breakout: Falling Wedge Pattern Points To 64% Rally

Scott Matherson 1 hour ago
pengu-solana-surge-altseason-heats-up-pepenode-100x-hype-tw

隨著Pengu、Solana價格上漲 山寨幣季愈演愈烈下個100倍幣PEPENODE被搶購

Mark Mak 4 hours ago
Bitcoin Consolidates Gains

Bitcoin Consolidates Gains – Is a Bigger Move Coming Next?

Aayush Jindal 5 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨投資の専門家が推す有望銘柄 ― XRP・カルダノ以上の期待

    仮想通貨投資の専門家が推す有望銘柄 ―...

    10 hours ago
  • 注目のico仮想通貨が100万ドル調達 ― マイン・トゥ・アーン型ミームコインの可能性

    注目のico仮想通貨が100万ドル調達 ―...

    10 hours ago
  • イーサリアム 今後の価格予測:機関投資と長期需要で2025年に9,000ドル到達の可能性

    イーサリアム...

    10 hours ago
  • ビットコイン 今後の価格予測:インフレ上昇の中で利下げ期待強まり、11万5,000ドル付近で推移

    ビットコイン...

    10 hours ago
  • シバコイン 今後はどうなる? レジスタンス突破の可能性を探る

    シバコイン 今後はどうなる?...

    10 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.