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

Analyst: 4,000 is a Critical Level that Bitcoin Must Defend, Or Else Significant Losses Could be Imminent

Cole Petersen
Cole Petersen
6 years ago
2 mins read

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 (BTC) has now firmly planted itself in the low-$4,000 region and appears to be increasingly building relative levels of support at the ever-so-important psychological price of $4,000. Despite this, the cryptocurrency still faces resistance levels around $4,200, which may prove to be a difficult price level to break above.

Although $4,000 was only turned into a region of support recently, one prominent analyst is now claiming that this is a key level that BTC must hold above, as a drop below would open the gates to significantly further losses.

Bitcoin Gains Some Upwards Momentum After Trading Sideways Around $4,000

At the time of writing, Bitcoin is trading up just under 1% at its current price of $4,060. BTC has thus far been able to find some levels of stability at its current price, but earlier this month it experienced a sharp rise, followed by a plummet, that validated $4,200 as a strong level of resistance.

DonAlt, a popular cryptocurrency trader on Twitter, recent shared his thoughts on Bitcoin’s current price action, noting that he’s expecting a “big move” soon, with an upwards price target set at around $4,500, and a lower target set at $3,500.

“$BTC update: Watching paint dry is more exciting than watching this. I think we’ll be getting a pretty big move soon. If it’s to the upside I’d expect 4.5k~ If it’s to the downside I’d expect 3.5k~ I’d much rather short an up move or long a down move than trade here,” he explained.

$BTC update:

Watching paint dry is more exciting than watching this.
I think we'll be getting a pretty big move soon.

If it's to the upside I'd expect 4.5k~
If it's to the downside I'd expect 3.5k~

I'd much rather short an up move or long a down move than trade here. pic.twitter.com/NwhMcWXqqM

— DonAlt (@CryptoDonAlt) March 19, 2019

DonAlt further explained in a separate tweet that he sees increased tests of both resistance and support levels as equating increased weakness of those levels, which may be the reason why BTC finally broke above $4,000 – as it was pushing up against this price level for several weeks – and may also mean that it is imperative that bulls do not let BTC sit at $4,000 for too long.

“Most people become more and more confident the more often support/resistance holds. For me it’s the opposite, more tests equal increasing weakness. Buyers/Sellers can only buy/sell so much until they run out,” he explained.

Most people become more and more confident the more often support/resistance holds.
For me it's the opposite, more tests equal increasing weakness.
Buyers/Sellers can only buy/sell so much until they run out.

People that are certain something will happen usually end up broke.

— DonAlt (@CryptoDonAlt) March 19, 2019

Analyst: $4,000 a “Life or Death” Price Point for Bitcoin

When considering DonAlt’s comment regarding the gradual weakening of both support and resistance levels, it becomes apparent that $4,000 will likely continue to be an important price for the cryptocurrency in the long-term.

Naeem Aslam, the chief markets analyst at Think Markets U.K. recently spoke to MarketWatch about the importance of this price level, notably calling $4,000 a “life or death” price region for crypto traders.

“Since Dec. 14, 2018, there have been several battles between bulls and bears at the price level of $4K. In each. bulls have lost the war because after the first attack at the $4K level the bears have been able to gain enough strength to push the price back below this critical mark,” he said.

Traders and analysts alike will gain greater insight into how Bitcoin responds to being above this price level as the week continues to drag on.

Featured image from Shutterstock.
Tweet123Share226ShareSend
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

TRON Shows Adoption Strength As Volume Still Led By Big Transfers – Details

Tron Shows Adoption Strength As Volume Still Led By Big Transfers – Details

Tron (TRX) is once again in the spotlight as it tests the upper and lower boundaries of a key consolidation...

Sebastian Villafuerte 4 hours ago
Bitcoin

Bitcoin Price Risks Market Crash After Closing Below Final Weekly Resistance

Crypto analyst Rekt Capital has warned about a potential crash for the Bitcoin price, after the flagship crypto closed below...

Scott Matherson 5 hours ago
bitcoin

Bitcoin Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing?

After rebounding from a local bottom of around $75,000 in April, Bitcoin (BTC) appears to be stuck in the $100,000...

Ash Tiwari 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

Bitcoin price news

Bitwise Just Sounded The Alarm—Bitcoin Could Explode Soon

Jake Simmons 32 minutes ago
Bitcoin

Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

Christian Encila 1 hour ago
Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High

Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • Ethereum Enthusiasts Easily Earn a Stable Daily Income of...

    3 hours ago
  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    5 hours ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    6 hours ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    6 hours ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    10 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.