Cryoto.Ai Auto Blog Engine

If $7,700 Holds, Bitcoin Price Could Soon Surge by 20% (Newsbtc)


Sun Oct 13 2019 00:33:26 GMT+0000 (Coordinated Universal Time), Administrator

On Saturday evening, the Bitcoin price started to show hints of weakness after a short bout of consolidation. As of the time of writing this, the leading cryptocurrency has dipped to $8,300 — a level which analyst Josh Rager has indicated as key for BTC to hold in order to maintain a formation of consecutively higher lows.

Although there are some expecting for Bitcoin to soon break under $8,300, potentially to establish new multi-month lows under $7,000, an argument has been posed that as long as $7,700 holds, $10,000 is within BTC’s grasp.

Related Reading: Buterin in ‘Beast Mode’ as Work on Ethereum 2.0 Continues

Bitcoin Price Ready to Retake $10,000?

Josh Olszewicz, Brave New Coin analyst, recently took to Twitter to lay out Bitcoin’s current chart structure, posing the question if BTC will hit $5,000 or $10,000 to his followers. He observed a confluence of both bullish and bearish factors, seemingly hinting that the market is undecided about where it should head next.

Due to this, Olszewicz was asked by a follower if he is leaning long or short. Despite a few harrowing signs — namely Bitcoin being rejected by the 200-day exponential moving average and the Aligator indicator trending neutral/bearish — the analyst quipped that he expects for Bitcoin to rally by some 20% to $10,000 “as long as $7,700 holds.”

10k as long as 7.7 holds

if 7.7 doesnt hold it's gunna get ugly

sideways for another week would be good here imo

— Josh Olszewicz (@CarpeNoctom) October 11, 2019

While Olszewicz’s opinion may sound too optimistic to some cynical analysts, there are other tidbits of technical evidence to suggest that Bitcoin soon starts to move back to five-digit territory.

Related Reading: Analysts Expect Altcoins to Outperform as Bitcoin Price Stagnates

Bitcoin’s one-day Moving Average Convergence Divergence (MACD), a lagging indicator that tracks market trends and momentum,  has crossed into the green after a precipitous drop to the most oversold levels since the December crash.

An analyst noted in reference to this technical indicator that bullish MACD crosses “always were followed by price rises [previously],” before adding that Bitcoin has the potential to reach $12,000 by November.

Also, Santiment found that Bitcoin’s social volume [has] continu[ed] its quiet decline after hitting a recent two-year low.” Indeed, BitInfo recently noted that the use of the “Bitcoin” hashtag fell to a three-year low after peaking earlier this year during the pseudo-bull run in May/June.

#Bitcoin $BTC's social volume continues its quiet decline after hitting its recent 2-year low. Historically, low social volume has preceded large price upswings and bull runs, and high social volume has been fairly reliable as a top indicator. https://t.co/4kl8hsb9Pk pic.twitter.com/z84qpJpk79

— Santiment (@santimentfeed) October 8, 2019

While many see this as a sign that Bitcoin will only fall further, even further than 40% from the year-to-date top of $14,000, Santiment argues that this can be interpreted as bullish. They wrote that historically, “low social volume has preceded large price upswings and bull runs, and high social volume has been [a] fairly reliable top indicator.”

Featured Image from Shutterstock

The post If $7,700 Holds, Bitcoin Price Could Soon Surge by 20% appeared first on NewsBTC.



Tags
linenfinlandaxie infinityethereum blockchainbtcpayforkotcqb:nttcfcoldcardbitcoin mutual fundcopyrights$tbest cryptocurrencies to mine 2017data storagebitcoin volatilitycoindeskitbitbenoit coeuretelecommunicationsbny mellon$ontmacrocapital controlsmarket structure$bandblockchangewells noticedavid silverbitboxtennisgpusvlad zamfiruledgerpolychainbanking regulationprovenancebanco santandersoccergerman finance ministerfull nodemsbbrian schatzbank secrecy acton-demand liquiditymicro companyiliadmediancoinbase custodycash appmario marcelcommerceblockbitcoin price indexportfolioaccointingdepositsbank of international settlementsauctionsfake volumeraphael auerseries alitecoin today$btc $ethpilotbcgllt-pr-16walled gardendigital moneydata privacynon-fungible tokenstephen schwarzmanceobinance futureshusdbancorsurveynomura securitiesnebulousbusdnc-pr-12waletohiocrypto.com’netcents technologyvanguardisraeluniswapnucyphericelandsebarulestransaction feesstock tradingstaking as a serviceatomintradeutility tokenspaxgfiat$astmobile appceloinitial exchange offeringcharles hoskinson$bch $ltcico litigationpatentssenateindonesiakavavitalik buterinnasaromaniashapeshiftgalaxy digital eos vc fundhedge fundspatentpolychain capitalgamefinablrquadrigacxbitcoin.comcryptocurrency mining rigbitrueopenscetfslitecoin miningplaidwhat is litecoinbitcoin tradingbruno le maireincomefootballsynthetic assetsharborstellar xlminstitutionsitcoinedward snowdenmotion for acquitaltribe acceleratormy crypto heroesnftbitcoin fraudnon-fungible tokensdapper labsing banknc-pr-11stellar lumensinterstellarangela merkelrecruit holdings#usdteuro$fbusd digitalblockchain real estateсryptocurrenciesapibitcoin suisse ag$qtumbinance profitstone ridgeprime brokershort sellingnetcents newspelotoncoinexchangeunicornsnetcents technology stock newssegwit transcationstech companyapplicationsfee per dollarsantander bondanalyticsus v. lephotosdigital assetsmarthubarab bankplusoneethereum foundationdposgamecreditsswissgiancarlorobinhoodcentral bank of the russian federationyounowcrypto m&asamsung electronics americacrypto guidemessaging appshoppingprojectsnetkibinance.usunstoppable domainsripple price indexbrian kellymaxine waterseeaairswapjpm quorumfinrasamczuntoken salesoxfordasicsdisgorgementapple paykenyabloqboarddomino’s pizzacommunityey opschain public finance managerico fraudcse:vststabelcoinshack$sbtcpornhorizenprofitokex koreaetradeconnecticetheo chinosparkswapmanagementbank for international settlementsblockchain finance0xpaymentnaspers venturesllt-pr-18washtradingflipsidecryptocurrency miningsecuritizekakao corptaiwanreserve assetscryptojackinglinuxsimplex#ltcdefixdsrlitecoin pricesltc coinaustral fisherieswarren buffetbcg digital venturesnestlemark carneymars financeburger kingblockchain startupslinkedinutilitiesmedia$vetecommerceadvisorycoinonetommaso mancini-griffolihtcnbaagency brokerageregulatorswyomingbitswingblackstonenc-pr-18steve schwarzmanlogos networksmeenavallicitigroupdaiwa securitiesubisofthardware walletsto associationinghashkeysurveysswiss digitalasset custodyfarmsm&agcomoney 2.0 stuffnav coinfeenancy pelosibettingcrypto rating councilbitcoin taxdeputy superintendentpublic blockchaincnsx: nccnsx:nca16zmicrosmallcapnetcentsinfuranetcents stocknetcents stock newsplexcoinnetcents technology newsnetcents technology stockmtlotcmkts: nttcfotcmkts:nttcflloyd’s of londonsmall cap companysmall cap stocksabu dhabihowey testicoboxcumulativeworld federation of exchangesfrmdarknet marketsnvafrbrexitcryptopiakimcoindata securitypersonal informationasset managementv signacinqunbankedarab bank switzerlandjulius baermaker foundationseba cryptosygnumnavcentral bank of chilechilesimon morrisdelegationfinetransfersnational currencyg-7factomblockshowgold derivativegenesis capitalgenesis tradingjavascriptkleiman v. wrightlawyersrussia central bankdropether $btccboetrading volumeuae exchangenuosilversquare crypto$htbchblock sizeiconloopmasternodesnorth korea cryptodomain namecloud servicesiotbitcoin etfbitcoin halvingmark zuckerburgeducationalportfolio managementcordasteven mnuchincanadian securities administratorszrxkyrgyzstanthe pitsatoshiocbc banktelecomlayer1polkadotanonymousenergy consumptionkingdom truststoragefaddeliveryhashing algorithmblockfiyenburnportugalhladybrad garlinghouseripple class actionetherdeltawaxcrowdfundingmovieswesley snipeshkmahong kong monetary authorityoneconnectping anbipbitcoin corechino ltdcoin centercmcwilsons auctionsproblemsbank of canadaelementus$bat$zrxbottle payblockchain gaminggod's unchainedimmutablecoinpaprikafaking volumewash tradinggpupundi-xbsdex$linkboerse stuttgart digital exchangeecoboosteverledgerdiamondtokinexknøxblockchain dataflipside cryptomufgbest cryptocurrency to mine with cpucryptocurrency minercryptocurrency mining hardwarecryptocurrency mining profitabilitycyrptocurrency mining softwaredigital currency miningventure fundingshut downvictory square technologies inc.vst-2anchoragehonduraspeter schiffsaftstestnetpeter toddfiat gatewayskoinalipfsoxford dictionaries online1confirmationfundpublicationlitcoinlitecoin news todaylitecoin pricelitecoin redditlitecoin stocklitecoin valuelitecoin vs bitcoinltc pricereddit litecoinwhats happening with ltcmcafeeted livingstonfund_movementsimon pottersouth africaquantitative easingcrypto startupshester peirce$kmd$strathouse of representativesus senatemarcus treacherabccmerchantsonline shoppingsamuel limhackercrypto mining taxmining taxnc-pr-14scbdcsynthetic cbdctobias adrianlobbyingpomplianofrankfurtnc-pr-16jesse powell#xlmhoneyminerrehypothecationrepoevernymbrooklyn netsdinwiddiecftc cot reportcrypto miningfacebook messengerinstagramfundsutahonline casinochinese yuantariffstrade warshamoukrainedelistingband protocolbinary optionssoravis srinawakoonllt-pr-20casascius coinsauditsflorida$trxcot reportpriceethlongfincryptoccurency paymentsnicolas maduroeosiokabu.com securitiesmonexrakuten securitiessbi securitiesinflationinflation mechanismvalidatorslogisticsconsensys labshashedjack o’holleranmulticoin capitalskaleskale labswinklevoss capital$scsia networkjp morganidoinitial digital offeringkik kincrypto lawsuitillegal icogeo-blockingcustodian$pypl$vbitsharesfutures and optionsphysically settled bitcoin futuresbittorrentglobal currency organizationtrusttokenusddtrading volumesoracleoracle problemcheapexpensivemaker feetaker feeexoduspeter smithagatha bacelarandrew yangsan franciscouncategorizedvegacourtsidingsportscensorshipxpringfsajosh mandelohiorobert spraguenew york state department of financial servicesandrea enriabitcoin futures fundnydig bitcoin strategy fundtokyoalgorandsymbiontfpsu.k. transferscrypto startup schoolsoftwarefee compressionslovakiaapple cryptolibra projecthouse financial services committeefinancial stability boardrandal k. quarlesbalancertendermintllt-pr-22nodecmbieos blockchaingnashing of teethcoinaltsconferenceandroidwalmartcorrelationcipheraonperumobile paymentsbailmarket capitalizationdigital eurodigital yuancoinflexlibra futuresland recordsland registrytech mahindragsr markets v. diana mcdonaldtipjartippingintercontinental exchangefederal courtpaymentsstablecoinexecutioneconomycrypto ruleseuropean commissionvaldis dombrovskisbehind the scoopgreg maxwellblockchain cuties universecrypto exit scamstoken launchmegauploadcasaprivate keysgrayscale bitcoin investment trustaugurprediction marketomisegounited nationsmakermulti collateral dairune christensensherrod brownsteemnavcoinlbrydeparturessixsix digital exchangeswiss national bankfaceboookforkscivil asset forfeiturecoingatherincognitoveritaseumblockchain adoptionb2c2gold/bitcoinpax goldcodingwavesyadira blockertim mccourtelvira nabiullinanational digital currencycross border paymentsfinastraripplenetdevelopersskewsamsung paytravelexunimonicoinbase proviennaaustriapeter johnsonencryptioncommunicationsjunochina digital currency research institutehiresxavier nielandreas antonopoulos$kcs$okbblockchain iddecentralized identificationkorea technology finance corporationt.s. investmentpow$zildomains namesdraperfinco servicestrademark litigationbrdcrypto walletsdevelopmentsderc 20halvingcentra techclass actionsrensel v. centratechaltcoin pricerenpremiumscrypto exchangesyahoohuobi tokeng7group of sevencoinbase ukdublinzeeshan ferozsiadcgelectrumbitcoin walletbooking holdingsdlceuropolcountrymitcoinsharesdgldgold tokensamun crypto etpetpoxford english dictionaryllt-pr-24wyrecix100onion routingpresentationrecapsey opschaingovernment agenciessolutionsoverkava labsxrp price indexvictory square technologies inc.-prvst-pr-8victory square technologies incbookingcelsius networkcoinmarketcapinterest rateslaw enforcementreserve bank of indiasaftblockchain solutionkumexentertainmentmillionspotarrington xrp capitalscalingthailandgeminiiranbobby leeblockchain bondsbondsinterest rateusdtglobal coin researchcriticpreston byrneeuropean unioncoindirectkyber networkkyberswapbertrand perezcloud miningkycethereum price indexgrantsbtcpay servertransparency$dashprivacy coinsbitcoin cash coinbasebitcoin cash forkbitcoin cash valuebitcoin cash vs bitcoinbuy bitcoin cashiingalaxymainnetabraluxembourgpwcenvironmentwells fargo digital cashinfrastructureciticasholaf scholzcraig wrighttransportcryptocurrencynewsinternetcryptographyextortionfbistock market$xtzjay claytonmichael novogratzcompliancestorjcourt caseshearingsgusdborrowingcasperlabsbinance u.s.torroger verdark webbitcoin cash walletwells fargoinstitutional investorshederanovogratzsatoshi nakamotodojmargin futuresdigital security custodytraded volumerate cutethereum classicfiat-to-cryptobitcoin cash to usd$adabetterhashnerayofflawsuitsantminerprogpowlithuaniastellar development foundation$neokinidentity solutionsbitlicensechina cbdcblockchain analyticsciphertracekim dotcomcitibankvolumeagriculturefooduniversitiesmainstreamnyagtaxationusvtencentcrypto taxnick grossmantexasscamdigixquantum computersfidelitymarijuanavideocoincheckcredit cardssheryl sandbergdubaiphysically delivered futurespeter thielpbocdrugslitecoin newsfinancial analysisriksbankponziliquidalgrimfrench hillmaltarefinitivpublic companiesjustin sundgxtradestake sale dealunileversbiskale networkhirerevenuehitbtc$algobrokerswechattim cookmining litigationchina digital currencycrypto donationspboc central bank digital currencyjump capitaldevconitalyinvestigationbermudavolatilityupbitpeople's bank of chinaphishingfairwinwhatsappoverstock.comhackingunus sed leobk globalbinance launchpadhodlfundstratchamber of digital commercerevolutunussedfsn tokensrakutenhong kong exchanges & clearingblockchain.comdigital assetspaxpaxos standardelectionsamunetpssix exchangebill fosterdigital usdfedjerome powellus dollarbankblockchain analysistelegram open networkartfsbdarknetcolumbia river techs v. blackhawk groupbanu.k.hkexlondon stock exchangelsesteven nerayofftechstarsnodesbitfinex class actionforbesunicefreg sdaosix swiss exchangeatlas quantumbitsoe-kronastefan ingvesfund managementinvestorsetoroeykucoinsidechainsbinance chaindomino's pizzagiveawaysassociationsmolochmolochdaofatf crypto guidelinesdharmaloanscantoken offeringcredit cardnerdwalletmanipulationsatoshilabshardware walletssteemitllt-pr-15blockchain smartphonecrypto smartphonelgcrypto insuranceartificial intelligencedairymybdairyutility tokenpoloniexbitcoin etfscannabisdonald trumpgamblingfutures tradingrewardsdeposit ratemusicmike novogratzpetrogermansanctionschainalysisuruguaydeutsche bankinterbank information networkapplemarketjoseph lubinblockstreamwall streetarthur hayesacceleratorsbinance ushashgraphhbarvccardano price analysissolidxposimffilecoinstartupbank of americauselectricitybitcoin optionspuerto ricogoldman sachslmaxuk police$etcalibabacaliforniacharlie leemicrosoftlondonpanterapundi xcrypto phonebinance stablecoinmybd tokencryptokittiesneoacquisitionatmfcaandreessen horowitzransomwareiosthe interchangeplatformmargin tradingledgerxbnp paribasnc-pr-9john mcafeellt-pr-13mt. goxnigeriadeloittecrypto ratings councilturkeybitflyerfinesonecoinspain$xmrsecurity tokensmark cubanhedera hashgraphnydfsapple watching cryptocurrenciesacquisitionsproof-of-workpoliticsripple xpringdigital dollarg20bankoruscnbccubaerc20nasdaqclearinghouseanalysisunalipayieo platformdefi lendingdecentralized exchangeu.s. treasurysmartphonehiringblockchain phone#btcmexicoponzi schemebitstampmapslocalbitcoinsanonymitytaxmoney launderingcosmosafricaphilippines$zecsegwitotc deskgamingczgameshedge fundproof-of-stake$xlmintelloanslnbigoptionsblock.onebtcjobsantandereuropean central bankgalaxy digitalbitcoin cash newsdatacharitympcfincencompoundpantera capitalleo$eosdebit cardssettlementgrampyramid schemeidentitycrypto regulationstrezorcontestamazonoilp2ppaxostezosmkrpredictionscybersecuritylawsuitcentral bankstim draperliechtensteinethergooglevaneckdollarstocksstakingmalaysiasofinetherlandschainlinkbithumbirelandgovernancejobsmakerdaoretailiotabiskoreadltwalletsasiccybercrimehyperledgerpeopleledgerdavid marcustwittergrayscaledigital currency groupswedenfinmawhat is a blockchainmonerobitwisealtcoin pricesbuy litecoincrypto coinscryptocurrency chartsdash coindigibytenest cryptocurrecnypeercoineth priceethereum bitcoinethereum coinethereum coin priceethereum news todayethereum price chartethereum vs bitcoinfinancial newswhere to buy ethereumdashtokenization$bnbventure capitalsponsoredinsurancescalabilityfatfdydxsecuritiescryptocurrency listnew cryptocurrencycryptocurrency ethereumethereum miningmining ethereumjpmorganreal estatesecurities and exchange commissionkikexchange tokenbytecoinvertcoinethereum valuebitgopizzaebayreg a+litecoin walletripple priceeutom leeerc-20libra associationsquarelatin americafiat moneystotokenaisocial medialinedonationsaltcoin newsmalwarefinancethe scoopchangpeng zhaopoliceunited statesregulationscrypto lendingeditorspicksnetcents technology inc-prpaidprhealthecbnorth koreatzeroblogbitmainfederal reservebittrexnetcents technology inc.samsungpress releasesecurity token$ltcuaecse:nccme groupinterviewzcashstartupsamlcardanocbdcblockstackipovenezuelaindiabitcoin miningnew yorkr3facebook cryptopodcastsfundingukcongressnew_listingsbankingconsensysibmmark zuckerbergeducationhard forksportstripecirclekrakenbitmexdexhuobifintechcse:lltlitelink technologies inc.financial institutionsripple blockchainripple blockchain technologyripple coin miningripple coin newsripple exchangeripple labsripple vs bitcoinripple walletripple xrp pricewhat is xrapid ripplexcurrent vs xrapidxrapid xrpargentina$bchirsotcfeescrypto derivativesbuy xcurrentripple stockxcurrentxcurrent xrapid xrpcalibralitelink technologies-prripple currencyxrapidripple bankingripple xcurrentpatrick byrneenergyaustraliaprice analysissingaporedappspaypalcanadavisatradingrussia$usdtcryptopaidpostusdcscamshackersethereum newsinstitutionalcustodybitpayfraudtechnologyinvestmenthacksbitcoin sv$xrpprivacycourtbrazilprbitcoin scamsgoldaltcoinstaxessmart contractscmeico and ieotonripple coinop-edmastercardieoetffuturesexchangehong kongdaibitcoin cashmarket analysispaidtronjapanlendingblockchain appblockchain explainedblockchain explorerblockchain infoblockchain ledgerblockchain stockblockchain tutorialblockchain wikicentral bankblockchain companiesdaily blockchain newsblockchain updatesblockchain for dummiesbitcoin exchangebitcoin latest newsbitcoin news latestbitcoin news todaybitcoin price newsbitcoin pricesbreaking newscurrent newsrecent newsripple newsbinance coinwalletcrimebitfinexbitcoin news updatesresearchbitcoin stockbitcoin news feedoverstockfrancesupply chaintransactionsasiasouth koreaunited kingdomcftcnewsderivativesdigital currencyokexlightning networkdefilitecoindecentralizationgenesispartnershipstellarcapital marketsbitcoin futuressoftware_releasetethereuropegermanycrimesbakkttelegrammilestonebest cryptocurrency exchangecrypto exchangecryptocurrency exchange listcryptocurrency exchange ratescryptocurrency exchange sitescryptocurrency exchanges by volumecryptocurrency trading platformcryptocurrency trading sitesexchange cryptocurrencykraken exchangetop 5 cryptocurrency exchangesbitcoin altcoin exchangecryptocurrency exchangescryptocurrency exchange platformlist of cryptocurrency exchangesfacebook libraethereum priceblockchain newsexchange_listingeosxrpmarket updatecoin news todaycrypto news updatescryptocurrency news updatesdigital currency newsnew crypto coinsairdropstablecoinscrypto updatescryptocurrency updatescoin newscryptocurrency 2017cryptocurrency pricescryptonewslatest cryptocurrency newsnew cryptocurrency releasenew cryptocurrency 2017latest cryptocurrencycryptocoinsnewslegalswitzerlandchinatradingsbitcoin newscryptocurrency newssecuritymininglawtokensbankscompanies$ethicostablecoinpaymentscryptocurrency tradingbinancecryptocurrency marketcoinbasecrypto newsrippleadoptiongovernmentbitcoin regulation$btcsec[object object]regulationinvestmentsexchangesbitcoin priceprconnecteditorialcryptocurrency exchangelibramarketsusaethereumcryptocurrencyfacebookaltcoincryptocurrenciesbitcoingeneralblockchainfrenchspanishreddit

Follow us

Latest blogs
Binance just crossed $1 billion in cumulative profit
Thu Oct 17 2019 09:45:10 GMT+0000 (Coordinated Universal Time)
TON : Telegram repousserait la sortie de sa cryptomonnaie (JournalDuCoin)
Thu Oct 17 2019 09:44:16 GMT+0000 (Coordinated Universal Time)
Binance Just Burned 2,061,888 BNB, CZ Reflects on Q3 2019 (Cryptoglobe)
Thu Oct 17 2019 09:33:30 GMT+0000 (Coordinated Universal Time)
Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights
Thu Oct 17 2019 09:33:00 GMT+0000 (Coordinated Universal Time)
Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights (Cointelegraph)
Thu Oct 17 2019 09:33:00 GMT+0000 (Coordinated Universal Time)