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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

The Last 3 Times This Signal Appeared, Bitcoin Surged. It Just Appeared Again

Nick Chong
Nick Chong
1 year ago
2 mins read
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.

Bulls can’t seem to catch a break. Bitcoin once again continued to trend lower on Tuesday, falling from $9,550, where it traded at for most of Monday, to prices as low as $9,325 as of the time of this article’s writing. Per data from CoinMarketCap, BTC is now down 3.5% in the past 24 hours.

Despite this seemingly endless correction, which began when Bitcoin rejected $10,500, a key technical analysis signal just appeared that may suggest the embattled market is in for a bullish bounce in the near future.

Related Reading: Last Time Bitcoin Flashed This Signal, It Rallied 180%. Now It’s XRP’s Turn

Indeed, the last three times this signal appeared on the Bitcoin charts, a strong bounce followed each and every time.

Bitcoin Could See Bounce Here: Key Signal

The signal is the breaking of the lower Bollinger Band on the daily chart of Bitcoin, specifically on Coinbase.

The Bollinger Bands, as described by Investopedia, is a “technical analysis tool defined by a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average.”

As Big Cheds, a popular crypto trader recently remarked, BTC just breached the lower band for the first time in 2020. This is relevant was the three previous cases of this happening were followed by relatively strong bounces.

  • In December, a drop below the technical level when Bitcoin fell to $6,400 led to an immediate bounce the next day towards $7,000.
  • In November, a brief break below this level led to a 10% rally in the following days.
  • And in October, a brief close under this level was followed by the infamous China pump that took Bitcoin to $10,000 from $7,300.

$BTC #Bitcoin Daily chart- Breaching lower BB for the first time in 2020 pic.twitter.com/e4txlesCGW

— Cheds (Trading Quotes) (@BigCheds) February 25, 2020

History repeating will see BTC bounce here.

This isn’t the only thing that has bulls somewhat bullish.

Quantum Economics’ Mati Greenspan remarked that BTC is currently trading in a symmetrical triangle-esque formation, with prices consolidating towards the apex. Symmetrical triangles are often seen as continuations higher when the leading price action is an uptrend (and vice-versa).

Testing out a new triangle here. If we can hold the lower line it should be pretty 🐂ish. pic.twitter.com/0ZB0ScBfNQ

— Mati (@MatiGreenspan) February 25, 2020

There’s also this chart from chartist Nunya Bizniz, which shows BTC’s price action on a weekly basis over the past four years. It suggests that Bitcoin has been trading in a clear logarithmic uptrend the entire time, with the asset bouncing off the support depicted on at least seven separate occasions.

History repeating will see BTC bounce at the uptrend, which is currently around $8,800-$9,000, depending on how fast the price reaches there. This is important as decisive bounces off this growth level are historically what led the crypto asset into bull markets.

BTC Weekly: (Line chart – no wicks – closes only)

Is this where Bitcoin is headed? pic.twitter.com/th2V6GSMOg

— Nunya Bizniz (@Pladizow) February 25, 2020

Featured Image from Shutterstock
Tweet123Share309ShareSend
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

Ethereum

Ethereum Shines Bright As Bank Of America Begins Digital Asset Tracking

A new weekly “On Chain” report from Bank of America is shining a spotlight on Ethereum. According to the report,...

Christian Encila 3 hours ago
Snorter

Kateri Telegram bot bi lahko bil naslednja kriptovaluta s 100x donosom?

Ker je priljubljenost Telegram botov eksplodirala, se Snorter telegram bot pojavlja kot resen tekmec Banana Gun z nizkimi pristojbinami, hitrostjo...

tanjapotocnik 3 hours ago
meme coins

Meme coins καταγράφουν νέα κέρδη καθώς το Bitcoin ξεπερνά τα 122.000 δολάρια

Η αγορά των meme coins φαίνεται να ακολουθεί τη γενικότερη ανοδική πορεία του Bitcoin, το οποίο ξεπέρασε τα 122.000 δολάρια...

Ιωάννης Ριζόπουλος 4 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

Cardano

A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH

Scott Matherson 1 hour ago
Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative

Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative

Sebastian Villafuerte 2 hours ago

Price Isn’t the Only Thing Rising – FUNToken’s Roadmap Execution Is Gaining Speed Too

News BTC 2 hours ago

Premium Sponsors

Press Releases

  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    4 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    4 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    4 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    4 hours ago
  • 仮想通貨おすすめ|1ドル以下の3銘柄が2027年までに200ドルの投資を200万円に変える可能性

    ...

    5 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.