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Bitcoin Hits “Do-Or-Die” Support Level as Selling Pressure Swells

Bitcoin

After an extended period of consolidation, Bitcoin has failed to hold above its previously established support level at $11,000 and has now plunged into the $10,000 region. Today’s price plunge marks an extension of the downwards pressure that BTC first incurred when it failed to break past $13,800, which remains a yearly high.

Analysts are now noting that Bitcoin is nearing a “do-or-die” price point at which the cryptocurrency must hold above, or else significantly further losses could be imminent – which may mark a reversal of the bull trend that has occurred throughout 2019.

Bitcoin Drops Towards $10,000, Breaking Previously Formed Parabola

At the time of writing, Bitcoin is trading down over 7% at its current price of $10,490, which is down significantly from its daily highs of $11,500.

While looking towards BTC’s price action over a one-week period, it is clear that bears are in full control at the moment, as the cryptocurrency’s buyers were unable to stabilize its price above $13,000.

Additionally, this recent period of consolidation and subsequent drop has forced Bitcoin to violate its previously formed parabola that was created during the course of this uptrend, which may spell trouble for the entire crypto markets.

Peter Brandt, a highly celebrated analyst who predicted the recent bull run, spoke about the violation of this parabola in a recent tweet, while referencing the below chart.

Importantly, the violation of this parabola could lead to significantly further losses in the coming days, weeks, and months; which could mean that the recently formed bull trend is in full reversal.

Analyst: BTC at a “Do-Or-Die” Level That Must Hold

It is highly probable that analysts will soon understand whether or not bears will garner full control of the cryptocurrency, as it is currently sitting at a price level that must be held in the near-term, or else significantly further losses could be imminent.

Josh Olszewicz, a popular cryptocurrency analyst on Twitter, spoke about this price level in a recent tweet, noting that it may not be until August or September that we truly know whether or not BTC will soon drop back into the four-figure price region.

“1D $BTC at Kijun do-or-die support here. Possible that we grind for a while in triangle consolidation then make a decision towards Aug/Sept. If break down, e2e to 8.8. Closing Q3 at -15%ish is on par w/historic Q3s. #WakeMeUpWhenSeptemberEnds is a real thing,” he explained.

As the week drags on and Bitcoin continues to react to its key support levels that lie directly below its current price level, it will likely soon grow clear as to whether or not BTC will continue climbing higher or if the “Crypto Winter” will persist.

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Bitcoin Expressing Bullishness as Public Interest Dwindles; Factors & Trends

Bitcoin

After facing a significant amount selling pressure yesterday that sent Bitcoin reeling down to the lower-$11,000 level and most major cryptocurrencies plunging 10% or more, the aggregated crypto markets have now incurred a decent amount of buying pressure that has allowed them to buck the recent bear trend.

This newfound bullishness comes as public interest in Bitcoin is on the decline, which supports the notion that now is still a good time to accumulate, regardless of the recent bout of selling pressure experienced by the volatile asset.

Bitcoin Climbs Towards $12,000 as Bulls Attempt to Reverse Recent Bear Trend

At the time of writing, Bitcoin is trading up over 4% at its current price of $11,830, which is up significantly from its 24-hour lows of $11,100 that were set yesterday.

Over a one-week period, BTC has experienced massive volatility that sent the cryptocurrency to highs of $13,200, at which point it incurred a sudden and sharp influx of selling pressure that overwhelmed the cryptocurrency’s bulls and sent its price to $11,000 – where it found support.

This price action is simply an extension of the consolidation that Bitcoin has been experiencing ever since its sharp rise, and subsequent collapse, from $13,800 in late-June.

Alex Krüger, a popular cryptocurrency analyst on Twitter, spoke about the key price levels that he is watching in the near-term, noting that he is generally bullish on BTC, so long as it maintains some stability.

“$BTC views update: Mid/long term bullish. Short term bullish above 11500/11600, bearish below 11300. R: 11800, 12000, 12300, 12500. Key level above for bears to defend is 12300. If price moves below 11300, 10000-9650 is first larger target area. 50 DMA stands at 9760,” he explained in a recent tweet.

Retail Investor’s Interest in BTC Dwindles Despite Recent Volatility

The past 48-hours have been quite exciting for the crypto markets, as the chair of the US Federal Reserve – Jerome Powell – recently stated in front of the Senate that Bitcoin is currently more like an alternative to gold.

Shortly after these statements were made, US President Donald Trump shot off a series of tweets discussing Bitcoin, cryptocurrency, and Facebook’s Libra project.

Although he claimed that he was “not a fan” of cryptocurrency, the sheer amount of press the statement received has been viewed as being bullish by many analysts.

Despite all this, retail investors and the general public are still not expressing any major interest in BTC, which may prove to be a positive thing for the cryptocurrency’s investors.

“Buy the dip,” The Crypto Dog, another popular analyst, concisely noted while referencing the below Google Trends chart.

As Bitcoin and the crypto markets continue to push their way onto the center of the global political and economic stage, it is likely that retail investors will increasingly grow aware and interested in the nascent markets, which may help fuel the next bull run.

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It is “Paramount” That Bitcoin Holds Above $12,000 Or a Significant Drop Could Ensue

Bitcoin

After incurring some bullish buying pressure yesterday, Bitcoin has failed to advance past $13,000 and is now nearing the lower-$12,000 region. Today’s drop created a bloodbath in the aggregated crypto markets, sending many altcoins reeling down 10% or more.

Now, one prominent analyst who called today’s drop is noting that it is critical that Bitcoin holds strong above $12,000, or its newfound bullish momentum could be placed in jeopardy.

Bitcoin Faces Increased Selling Pressure as Volatility Ramps Up

At the time of writing, Bitcoin is trading down nearly 2% at its current price of $12,320, which marks a significant drop from its 24-hour highs of $13,100 that were set earlier today.

While zooming out and looking at Bitcoin’s weekly chart, it is abundantly clear that it is still in a firm uptrend in spite of today’s drop, as it has been able to surge from seven-day lows of $10,900 to highs of $13,100, before dropping to its current price levels.

After facing a freefall earlier this morning, BTC has been able to slow its descent and appears to be incurring greater levels of buying pressure at its current price levels. 

Analysts are now noting that $12,000 is a key support level that Bitcoin must hold above in the near-term or else significantly further losses could be imminent.

Chonis Trading, a popular cryptocurrency analyst on Twitter, spoke about this level in a recent tweet, explaining that a hold above this aforementioned level is key for continuation of the recent bull trend.

“$BTC – support has been found right at the last point where it could to keep this bullish count still valid. Keeping #bitcoin over $12K is now paramount for continuation,” he noted.

If Bull Run Continues, BTC Could Surge Towards Six-Figures

If the bull trend that Bitcoin is currently caught in continues to extend further, analysts are noting that it could continue onwards and upwards towards the coveted six-figure price region, which would mark a massive surge from its yearly lows of $3,400.

Galaxy, another popular cryptocurrency analyst on Twitter, mused this possibility in a recent tweet, explaining that the 2015 fractal pattern elucidates that a six-figure price surge could be a real possibility.

“The $BTC Bull Run barely even started. According to 2015 fractal, the road to #6digits was confirmed when we broke $10K. It will be a journey packed with FUD, bans, hacks and all sorts of manipulations. But nothing worth having comes easy, especially financial freedom,” Galaxy explained.

Although at the moment it feels as though Bitcoin is resting on the edge of a precipice, its robust technical strength and current upwards momentum – should it be maintained – will likely lead it significantly higher in the coming weeks and months ahead.

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Ripple: Analysts Expect XRP to Run as Fundamentals Strengthen

Ripple

Ripple (XRP) has been facing lackluster price action over the past several months and is now facing a bout of sideways trading around $0.40 after facing an extended period of sideways trading around $0.30 for several months prior to its recent upwards movement.

Now, the internet is alight with speculation regarding the fact that several banks who are partnered with Ripple all going into maintenance over the weekend, which some analysts believe could be due to them implementing some of Ripple’s blockchain-based settlement systems into their digital infrastructure.

Ripple (XRP) Drops Despite Strong Fundamentals, But Analysts Believe It Could Soon Run

At the time of writing, Ripple is trading down just over 2% at its current price of $0.39, which is down slightly from its recent highs of nearly $0.42 that were set earlier this week.

While zooming out and looking at XRP’s price action over a one-month period, it is clear that the cryptocurrency has incurred higher-than-typical volatility in recent months, surging from monthly lows of $0.38 to highs of $0.49, at which point it incurred significant selling pressure that caused it to reel down to its current price levels.

This volatility came after a long bout of sideways trading that Ripple faced throughout this year, where it mostly ranged in the lower $0.30 region.

Importantly, it does appear that XRP is once again beginning to form a pattern of consolidation around its current price levels that will likely persist until Bitcoin and the aggregated crypto markets once again begin making large price movements.

The Cryptomist, a popular cryptocurrency analyst on Twitter, spoke about Ripple’s price action in a recent tweet, explaining that she expects it to begin an upwards movement in the near-future.

“$XRP: I love it when trendlines work! RSI falling wedge support – Bounce! Candle support – Bounce. That long-term resistance from 2018 will be tested soon again imo. Break this resistance and, I expect to see a run,” she explained while referencing the below chart.

Are Banks About to Switch to Blockchain-Based Settlement Systems?

One rumor – which is unfounded and speculative in nature – is that several of banks that have been working with Ripple are all going under system maintenance this weekend, which some people believe may be a sign that these banks will all soon implement Ripple-based settlement systems.

“I won’t predict any prices or any incoming news for $XRP but it definitely is insanely strange many many banks around the world are having maintenance this weekend at almost the same times, and Many of them are ripple partners. Something is definitely happening…” One user on Twitter explained in a tweet that has since garnered significant popularity.

Although this is purely speculative and could be a coincidence, it is certainly something worth keeping an eye on, as many of Ripple’s reported partners have yet to officially implement the blockchain-based systems into their infrastructure.

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Bitcoin (BTC) At $20,000 By Year End Then Opens Up $40,000 Says Novogratz

Mike Novogratz, founder and chief executive of Galaxy
Digital, the crypto-focused merchant bank, says bitcoin will be trading at
$20,000 before the year is out.

In a telephone interview with Bloomberg
he also rode back somewhat on his previously reported statements about wishing
he’d “sold more” when he offloaded some bitcoin as the price fell back from its
near-term high at $13,800.

“We had a spectacular rally. We traded up as high as $13,800…
they got excited for real reasons… like Facebook, they got excited because of Uber
and Mastercard saying they want to participate in the cryptocurrency world,”
Novogratz explains.

“It went from Roubini, who says this is all tulips, to the biggest companies in the world wanting to participate as well as Yale and Harvard…. People are rushing in… but we’re now in consolidation.”

He reiterated his previous prediction that the market will now consolidate between $10,000 and $14,000.”

At the time of the interview bitcoin was trading at $10,800.
It has since recovered
further
, currently priced at $11,320.

Asked where he sees the price from there, he said: “We’ll
see it go to $20,000 or higher.”

But the question is by when and will he be selling again? “[I
said there was ] too much energy in the market. I don’t think I’m selling the
next time up to $14,000. Don’t expect it to be at $20,000 until the middle or
end of the four quarter.”

BTCUSD 4-hour candle 3 July 2019
BTCUSD 4-hour chart Coinbase 3 July (Courtsey TradingView)

Roubini has lost the bitcoin debate

Commenting on the naysayer-in-chief, economics professor Nouriel Roubini, he observed curtly: “Roubini has lost the debate.”

Roubini yesterday debated with Arthur Hayes of BitMEX on the merits of bitcoin.

He sees the marketplace growing up as more institutions get
in on the action and on-ramps improve.

“It’s a new technology so there’s  lots of price manipulation…[But] you’re getting more and more pipes, more ways to participate.”

He continued: “We are going to see over the next few months
more and more ways you can buy this stuff.”

“Most people don’t have a Coinbase or Square wallet,” notes
Novogratz, and that’s going to change.

“Within two years Visa and Mastercard will be letting you buy
with credit card.”

Libra legitimising crypto, onwards to $20,000

Commenting on Facebook’s Libra initiative he says: “It’s completely
legitimising crypto.”

“Facebook is working on a stable-ish coin… It doesn’t compete
with bitcoin. Bitcoin is legitimised by being a real hard asset. People don’t own
enough of it yet…. Price will go significantly higher over the next couple of
years.

Echoing comments of other analysts and industry figures, Novogratz said: “Once you take out $20k it opens up $40k.”

“Gold’s go an $8.5 trillion market cap, so bitcoin has got a
long way to go.”

In terms of which companies will be making their next big
moves he says “we’re going to see the investment banks, they need to move into
the space.”

Ethereum and other alts need two or three years to come good

As for the price divergence between bitcoin and top altcoins,
he is not writing off the likes of Ethereum
or EOS, but says it will take time for them to get their tech to where it needs
to be.

“Bitcoin has carved out an interesting lane which is digital gold. It doesn’t have to change.”

“Ethereum is fighting to be Web 3.0 – a decentralised world computer. There’s a lot of work that needs to be done so it can scale properly.”

“It’s also competing against a lot of other projects. They’re all fighting for a different piece of the pie. We are two to three years away from seeing more growth in that lane.”

US lags on crypto regulation

On regulation he says the US is the laggard.

“We need smarter regulation. The US is falling behind… they
know they are… Europe is, frankly, ahead of the US. Places like Singapore and
Bermuda… they are setting up the rules. You’re going to see a lot of companies
base themselves out of Bermuda.”

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Analysts Expect Major Weekend Volatility as Bitcoin Attempts to Find Its Footing

Bitcoin

Bitcoin and the aggregated crypto markets have been incurring notable volatility over the past several weeks, which has primarily been cause by Bitcoin’s recent parabolic surge towards $13,800, and subsequent drop into the $10,000 region.

Now, analysts are warning that the weekend trading session could be a time where the markets once again experience a volatile movement, which may mean that traders and investors alike will soon know where the markets are heading next.

Bitcoin Struggles to Break Into $12,000 Region 

At the time of writing, Bitcoin is trading down 1% at its current price of $11,785 and is down slightly from its daily highs of $12,500 that were set yesterday.

While zooming out and looking at Bitcoin’s weekly price action, it becomes abundantly clear as to just how volatile BTC has become as of late, as earlier this week it quickly surged to highs of $13,800 before incurring a significant influx of selling pressure that pushed the price to lows of $10,500.

This volatility is emblematic of the improving market conditions, as BTC still remains in a firm uptrend despite its inability to push past $13,800.

Historically, Bitcoin and the entire crypto markets have incurred a good majority of their volatility during weekend trading sessions, which Hunter Horsley – the CEO of Bitwise Asset Management – attributes to the large amount of retail investors who trade during weekends.

“The market is, by and large, retail individuals and I think that weekends are a time when those people have more free time to read the week’s news, to chat with friends, to pitch friends on exciting things they heard about during the week,” he explained while speaking to Bloomberg.

So, Where Will This Volatility Lead BTC This Weekend?

Although the next 48 hours or so may hold some volatility in store for BTC, one analyst believes that the cryptocurrency will begin bouncing between the upper and lower boundaries of a recent established trading range.

Cantering Clark, a popular cryptocurrency analyst on Twitter, spoke about this trading range in a recent tweet, explaining that the most immediate range Bitcoin is caught in exists between roughly $11,600 and $12,200, which may persist for the foreseeable future.

“Look at the reactions, notice many of these and you can assign greater importance to these areas moving forward. Trade the range now until the weather changes,” he explained in a recent tweet.

Although Bitcoin is largely flat at the present and may continue to trade sideways in the near-term, it is highly unlikely that its recent volatility ends here, and traders will likely gain a better understanding of which direction the cryptocurrency is heading next as the weekend drags on.

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Despite Today’s Surge, Bitcoin May Be in For Some Sideways Trading; Will Altcoins Start Running?

Bitcoin

Bitcoin investors who grew fearful after yesterday’s 20%+ drop were pleasantly surprised today after BTC continued its upwards momentum and climbed back into the $12,000 region. This surge signals that the crypto’s bulls are not yet ready to surrender their control.

Despite this, analysts are still weary of today’s surge, and are now noting that Bitcoin may be in for an extended period of sideways trading. But will this potential bout of sideways trading give altcoins a chance to run? One analyst believes so.

Bitcoin Surges Past $12,000 As Bulls Come Out Swinging

At the time of writing, Bitcoin is trading up nearly 9% at its current price of $12,350, which is significantly higher than its 24-hour lows of $10,900 that were set yesterday.

BTC has incurred notable volatility over the past few days, quickly surging to highs of $13,800 before incurring a significant amount of selling pressure that sent it reeling back down into the $10,000 region, which led many investors and analysts alike to question whether or not the recent surge was simply a bull trap.

Despite this, today’s upwards momentum seems to signal that the recent upwards surge does actually have enough backing to potentially lead to a long-term trend that will persist for the near future.

Don Alt, a popular cryptocurrency analyst on Twitter, is still expressing caution when it comes to today’s Bitcoin price surge, and noted in a recent tweet that he is opening a short position on the cryptocurrency in case it is unable to break through resistance that exists around its current price levels.

“$BTC Shorted the corn, tiny size, still waiting for the monthly close with any big trades. Low conviction because it’s trading against the high timeframe trend. Will roll this one into a big one once (IF) I get confirmation,” he noted while referencing the below chart.

Will Altcoins Begin Running If BTC Begins Consolidating?

Although Bitcoin investors have been quite pleased by its recent price action, altcoin investors have been largely disappointed by the lackluster price action that the aggregated crypto markets have incurred as of late.

In spite of this, analysts are now noting that altcoins may begin running if BTC enters a period of consolidation, which is appearing to be an increasingly likely possibility.

Mitoshi Kaku, another popular crypto analyst on Twitter, spoke about this possibility, saying:

“$BTC Strategy & Ideas – As you can see the price stablished it’s range already, all we need to do know is be patient and trade the waves (Either distribution or accumulation). Since dominance will top in no time, I’d say a good alt season is around the corner.”

Although right now the market’s massive volatility makes it difficult to predict which direction the markets will held next, it is clear that Bitcoin is still in a firm uptrend and that its bulls are in full control, which likely means that further gains are imminent in the near to mid-term.

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Bitcoin: After Plummeting Over 20%, Analysts Believe a Bounce at $9,100 Would Be “Mega Bullish”

Bitcoin

Bitcoin bulls were gravely disappointed yesterday after the cryptocurrency failed to maintain its upwards momentum and set a local top at approximately $13,800, which subsequently led the cryptocurrency to plunge over 20% to lows within the mid-$10,000 region.

This recent volatility has led many analysts and investors alike to question what may have caused it, and one prominent analyst is now claiming that a strong bounce at $9,100 is key for Bitcoin to maintain its incredibly bullish momentum.

Bitcoin Plummets Towards $10,000, But Macro View Looks Bullish

At the time of writing, Bitcoin is trading down nearly 18% at its current price of $10,680, which is a significant drop from its recently established highs of just below $14,000.

Importantly, BTC is still in a clear uptrend over a longer time period, as it has been able to post a strong surge from its one-month lows of roughly $7,700.

Bitcoin’s recent parabolic surge, which ultimately resulted in a massive drop, signals that the cryptocurrency is not yet ready to continue its journey back towards its all-time-highs and may signal that further consolidation is needed in order for the crypto’s bulls to build their strength.

The recent plummet has led many investors who were exuberantly bullish yesterday to flip bearish today, but this bearish sentiment may not last long, as BTC may post a significant bounce in the $9,000 region, which would be “mega bullish,” according to one prominent analyst.

“$BTC #Bitcoin  Bounce off $9100 would reasonable, and mega bullish,” Big Cheds, a popular crypto analyst on Twitter, said in a recent tweet.

What Could Be Causing This Massive Volatility?

As for what could be behind the recent volatility in the crypto markets, Michael Moro, the CEO of Genesis Global Trading, said in a recent interview with CNBC that leverage trading is the most likely suspect.

“The presence of leverage exacerbates the moves in both directions and affects the speed dramatically. Of course bitcoin has a history of doing this (both upward and downward), but it’s hard to call the magnitude of the move healthy,” he noted.

Furthermore, Moro also noted that Bitcoin’s massive upwards swing over the past week was “too much too fast,” which is what led to this subsequent price crash.

“Even the most optimistic crypto bulls would tell you that a 50%+ move in a week is too much too fast,” Moro added.

Although this recent volatility has made it incredibly unclear as to where Bitcoin is heading next, it is important to note that it is still in a firm uptrend, and unless it continues dropping significantly further, bulls can likely maintain their control.

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Bitcoin Parabolic Trend Still Intact as Bulls Ramp Up Buying Pressure

Bitcoin

Bitcoin investors have been quite pleased over the past several months as BTC has put a significant amount of distance between its 2018 lows and its current prices. It is important to note that this upwards momentum has turned parabolic in recent times, signaling that significantly further gains could be imminent.

Now, analysts are noting that Bitcoin’s recent recovery is one of the strongest that any asset has incurred throughout recent history, and that its upwards parabolic formation is still intact, which may mean that it will continue climbing higher before its momentum slows.

Bitcoin Runs Past $11,000 as Bulls Take a Victory Lap

At the time of writing, Bitcoin is trading up over 3% at its current price of just below $11,400.

Over the past several days, BTC has been consistently forming fresh upwards legs, and has incurred significant upwards momentum as a result of this.

Although the momentum is strong at the moment, it is important to note that BTC has faced some levels of resistance around $11,400, and it is unclear whether or not the cryptocurrency’s buyers will be able to muster up enough buying pressure in the coming hours/days to break above this price level.

Regardless of whether or not $11,400 will hold as a level of resistance, Bitcoin’s recent reversal has been incredibly strong, and some analysts are even noting that it is likely one of the strongest trend reversals that any asset has ever seen.

“This is probably the strongest trend reversal of an asset human race has ever experienced and it’s just getting started,” Galaxy, a popular crypto analyst on Twitter, said in a recent tweet.

Analyst: BTC’s Parabolic Trend Line is Still Intact

Importantly, BTC has been able to maintain the parabolic trend line that it formed as a result of its recent upwards momentum, which may allow it to climb significantly higher in the coming days and weeks.

Jacob Canfield, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, noting that he wouldn’t be surprised if BTC pushes $13,600 or $16,500.

“$BTC: Was hoping for a retrace to get into a better margin long position, but the parabolic trend line is still intact. Testing the 50% fib level at $11,600 now, but I wouldn’t be surprised if it pushes to the .618 or .786. $13,600 and $16,500 respectively,” he explained.

Although the possibility of Bitcoin soon surging higher is certainly exciting for investors, it is highly likely that BTC will ultimately need to either retrace slightly or consolidate for some time in order for any further price gains to be sustainable in the long-run.

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Don’t Get Too Excited, Analysts Believe Bitcoin May Flash Crash Before Surging Higher

Bitcoin

Following Bitcoin’s explosive movement into the five-figure price region, investors and Bitcoin bulls have been ecstatically celebrating, and the market sentiment has altered significantly for the better.

Despite this, it is important to note that it may currently be too early to get too excited, as there may be more significant dips in the week ahead before Bitcoin and the markets continue their upwards surge.

Bitcoin Surges Towards $11k, But Creates CME Futures Gaps Along the Way

At the time of writing, Bitcoin is trading down marginally at its current price of $10,760.

Over the past week, BTC has been on a massive swing upwards, surging from lows of $8,870 to highs of $11,150. This upswing marks a significant extension of the upwards momentum that Bitcoin first incurred in early-April when it began its ascent from below $4,000.

Although the series of upwards swings that have occurred over the past several months have certainly been positive, the upwards momentum has created several gaps in the CME Futures chart that will likely have to be filled in the week ahead.

Chonis Trading, a popular cryptocurrency analyst on Twitter, spoke about these recently formed CME Futures gaps in a recent tweet, noting that these gaps are typically filled in the week after they are formed during uptrends.

“$BTC (CME Furtures) – Current Open GAP on the Weekly chart down to $8500…There are multiple examples of past weekly gaps taking up to 5 weeks to fill. Gaps on this uptrend have been filled during the price action of the following week… Market reopens in about 6HRs,” he explained in a recent tweet.

Analyst: BTC May Incur a Big Pullback Before Upwards Movement Begins

Although this upwards momentum certainly appears to be showing few signs of slowing down anytime soon, one analyst is quick to note that bear markets rarely reverse straight into bull markets, which may mean another drop is imminent before Bitcoin continues climbing higher.

“$BTC: – 50% retrace of ATH to 3K bottom – At weekly supply resistance. R2: $13500 R1: $11400 S1: $9200 S2: $6500. Some incredible PA. In general, it’s rare to see a bear market reverse in to straight bull market, without a retrace. The FOMO is huge. When flashcrash?” Bitcoin Jack, a popular crypto analyst, noted in a recent tweet.

As the weekend wraps up and the new week begins it is highly likely that Bitcoin will incur some volatility, and the current gaps in the CME Futures chart may signal that a pullback will ensure before the cryptocurrency continues its journey back to its previously established all-time-highs.

Featured image from Shutterstock.

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