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

This Observation Suggests the Crypto Markets are About to See Massive Upside

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Altcoins Crypto Bitcoin

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 aggregated crypto market has been caught within a firm upwards tailwind that has resulted from Bitcoin’s rally up towards $10,000, with this bullishness allowing many major altcoins to post significant gains.

Analysts are now noting that the aggregated altcoin market has now broken above a key resistance level, leading many to predict that the markets will soon see significantly further upside.

Altcoins Begin Picking Up Steam, But All Eyes Remain on Bitcoin

It is clear that Bitcoin, as the benchmark cryptocurrency, has been firmly leading the markets, with most major altcoins closely tracking the cryptocurrency’s short-term trends throughout 2020.

Bitcoin, which is currently trading up just under 1% at its current price of $9,740, is in the process of vying for a break above the heavy resistance that exists between $9,800 and $10,000.

Most major altcoins are similarly trading relatively sideways at the moment, with Ethereum climbing 4.2% while XRP, Bitcoin Cash, and Litecoin are all trading up roughly 1%.

In the near-term, it is highly likely that where major cryptos trend next will hinge on how Bitcoin responds to the heavy resistance it is currently pushing up against, with a break above $10,000 opening the gates for significantly further gains, while a firm rejection at this level could spell trouble for what comes next.

In the near-term, analysts do believe that the aggregated altcoin market is about to see some heightened volatility, with Galaxy – a prominent cryptocurrency analyst on Twitter – telling his followers that altcoins are “ready for another move” against Bitcoin.

$ALTS/BTC looking ready for another move.

— Galaxy (@galaxyBTC) February 4, 2020

He further notes in a later tweet that he anticipates that this movement will be “to the upside.”

Crypto Market Breaks Key Resistance Level, Signaling a Big Move is Imminent 

One factor that could hold some serious sway over where the aggregated crypto market heads next is the fact that the altcoin market recently broke above a key resistance level against BTC.

The break of this resistance level has led HornHairs, another popular cryptocurrency analyst, to note that altcoin dips are “for buying.”

“ALTS/BTC with a clean breakout after half of year of consolidation and sideways. Dips are for buying,” he said while pointing to the chart seen below.

$ALTS/BTC with a clean breakout after half of year of consolidation and sideways. Dips are for buying.

What alts are you looking to pickup on the next pullback? pic.twitter.com/nBRgaR0Qe7

— HornHairs 🌊 (@CryptoHornHairs) February 5, 2020

Although Bitcoin may provide some guidance as to where the general market trends next, altcoin’s recent break above this resistance level seems to suggest that they will start gaining some momentum independent of Bitcoin.

Featured image from Shutterstock.
Tweet123Share275ShareSend
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 Bulls Poised

XRP Bulls Poised – $3.12 Break Might Start Strong Upswing

XRP price started a fresh increase above the $3.020 resistance. The price is now showing positive signs and might gain...

Aayush Jindal 2 hours ago
Solana

FalconX Moves 413K Solana Worth $98M – Impact On SOL Price

According to on-chain alerts, FalconX pulled 413,075 SOL from major exchanges over an eight-hour stretch, valued at about $98.4 million....

Christian Encila 2 hours ago
Ethereum Price Recovery Strong

Ethereum Price Recovery Strong – Major Resistance Test Coming Next

Ethereum price started a fresh increase above $4,520. ETH is now showing positive signs and might attempt to clear the...

Aayush Jindal 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

Dogecoin Whales

Dogecoin Down 13% As Whales Distribute $181 Million In DOGE

Keshav Verma 10 minutes ago
ethereum

Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest

Ash Tiwari 1 hour ago
BNB Price Rally Nears $1,000

BNB Price Rally Nears $1,000 – Can Bulls Push Even Higher?

Aayush Jindal 1 hour ago

Premium Sponsors

Press Releases

  • 3 нискокапитализирани алткойна...

    13 hours ago
  • Топ алткойни за купуване, докато цената на Solana се доближава до исторически връх

    Топ алткойни за купуване, докато...

    16 hours ago
  • Najlepšie altcoiny na kúpu, kým cena Solany dosahuje...

    17 hours ago
  • ドージコイン 今後:ETF上場前の蓄積と価格分析が示す「事実売り」の可能性

    ドージコイン...

    17 hours ago
  • リップル 今後の行方:FOMC前に3ドルを維持、クジラが大量売却

    リップル...

    18 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.