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%

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here’s What He Said

Eli Dambel
Eli Dambel
1 year ago
3 mins read
Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here's What He Said

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.

Due to the Bitcoin (BTC) and crypto market uncertainty, predicting the following trend pattern for crypto assets is usually difficult. However, analysts have always released predictions for most crypto assets. While some projections turned out to be accurate, some still failed to happen as predicted.

One analyst became popular for releasing an accurate prediction for Bitcoin’s 2018 bottom six months before the period. However, the pseudonymous analyst and trader, Smart Contracter, is suddenly bullish in his recent predictions.

Analyst Scraps Bearish Stance On Bitcoin (BTC)

Smart Contracter took to Twitter to inform his followers about his plan to scrap his bearish bias on the BTC/USD trading pair. His new decision was based on the recent Bitcoin price breaking out to a higher range.

Related Reading

Bitcoin

Bitcoin Short Squeeze: $93 Million Shorts Liquidated In One Hour

1 year ago

Smart Contracter noted that Bitcoin could perform better than other cryptocurrencies in the future. He explained that the BTC’s price action is currently more impressive due to the impulsive disposition. The analyst disclosed that he desired to shift to long positions in his trades once the opportunity came through a breakdown.

Further, Smart Contracter projected charts to explain the possible price trend for the leading crypto asset. For example, he predicted that Bitcoin would surge by more than $18,800. Also, he used Elliot Wave Theory to support his technical analysis for BTC.

Smart Contracter reported that BTC would display a 5-wave pattern for its primary trend, but its corrective movement will follow a 3-wave way. Also, he predicted that Bitcoin’s dominance over the altcoins would hit 43%.

now that #btc broke out of this slow choppy grind up, im scrapping bearish bias and looking to long pullbacks.

Price action looks impulsive to me now and i also believe with btc on the cusp of taking out the december high btc dominance will rise and btc outperform alts. pic.twitter.com/3oOYmky5Pb

— Bluntz (@Bluntz_Capital) January 12, 2023

Following the collapse of the FTX crypto exchange and the growing intensity of the crypto winter, crypto prices dropped drastically. BTC lost its value as the pressure in the entire market kept increasing. With growing fear and uncertainty, the price of Bitcoin dropped to the $15K region in November 2022. But the trend is getting bullish as volatility is now on the increase.

At the time of writing, Bitcoin is trading around $19,275, indicating an increase over the past 24 hours. Its market cap sits at $366.43 billion, signifying a growth of 4.62% in the past day. Also, BTC’s dominance over altcoins is 40.26%.

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here's What He Said
Bitcoin crosses the $19,000 on the daily candle l BTCUSDT on Tradingview.com

Related Reading

Chainlink Bull

Chainlink Bullish Signal: LINK Address Activity Returns To 2021 Levels

2 years ago

Analyst Seeks Opportunity To Buy Avalanche (AVAX)

Smart Contracter gave some striking points concerning Avalanche (AVAX), the smart contract blockchain. The analyst mentioned that AVAX seems to have hit bottom following its 90% correction from its all-time high (ATH). For him, a future downward correction from Avalanche will be a buying opportunity.

At the press time, the price of Avalanche is hovering around $15.53, showing a surge of 4.19% in the past 24 hours. According to data from CoinMarketCap, Avalanche’s market cap is 4.92 billion, and the token is ranked as the 17th top crypto asset. Its market dominance is now at 0.54%.

Besides Smart Contracter, another crypto analyst has predicted a price rally for Bitcoin and the broader crypto market. A crypto analyst known as Kaleo reported closely monitoring the stock market. He stated that a surge in the traditional stock would trigger a price rally for BTC and other assets.

Tweet123Share196ShareSend
Eli Dambel
Eli Dambel

Eli Dambel

Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future.

Read more

You can follow Eli on Twitter: @EliDambel

Close

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

Bitcoin

Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible?

The Bitcoin price action has just delivered one of the rarest and most closely watched signals in technical analysis —...

Scott Matherson 3 hours ago
Bitcoin

Mid-Sized Bitcoin Holders Break Records With 65K BTC Weekly Accumulation

According to data from blockchain analytics firm Glassnode, a group of mid-sized Bitcoin holders has stepped up buying this week,...

Christian Encila 4 hours ago
Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Ethereum is navigating a turbulent phase, with price action holding around key levels while volatility and uncertainty dominate the broader...

Sebastian Villafuerte 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

柴犬幣獲力挺價格上看156%漲幅 現在最值得買入這個迷因幣潛力升幅100倍

Mark Mak 46 minutes ago
Ethereum

Ethereum Validator Slashing Puts Cardano’s Resilience In Focus – Here’s Why

Godspower Owie 46 minutes ago
Crypto

Crypto Investment Slows, August Funding Sinks To $2 Billion

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • トレーダー注目の新規コイン ― 仮想通貨1000倍リターンを狙える格安銘柄

    トレーダー注目の新規コイン ―...

    3 hours ago
  • ミームコインが注目のプレセールで100万ドル突破 ― Mine-to-Earn型報酬が話題に

    ...

    3 hours ago
  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    9 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    9 hours ago
  • イーサリアム...

    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.