Bitcoin breaking new highs in Q4 will 'temporarily turn alts to dust' — analyst

Bitcoin breaking new highs in Q4 will 'temporarily turn alts to dust' — analyst

Things will get exciting in Q4, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst on Bitcoin: "Right now, we're stuck"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp Monday. The move constitutes a rejection at a "critical" zone to break, Cointelegraph contributor Michaël van de Poppe....


Related News

Bitcoin Dominance Is Days Away From Triggering A 30% Rally Against Alts

Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC. It has left alts in a precarious position, potentially about to be left for dead […]

One-Two Punch For Alts As Bitcoin Dominance Spikes During Crypto Blood Bath

Crypto markets were bleeding red today as a deep sell-off tanked prices across the board. While Bitcoin FUD has been dominating headlines, it was alts that suffered most. Alts Get The Raw End Of The Sell-Off The total crypto market cap fell 32%, losing some $600 billion at its lowest point today. Although late lunchtime […]

Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

Bitcoin’s price has been consolidating in the time following its strong surge up to highs of $11,400 The cryptocurrency has yet to revert any of these gains and appears to be gearing up for another big push higher Where the market trends next will likely depend on BTC, as it has been firmly guiding the altcoin crypto market One analyst is now noting that Bitcoin could soon see a move to over $14,000, but he […]

It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst

Analysts think that Bitcoin may be primed to hit $20,000 after passing $14,000. An analyst said that it is just a “matter of time” before new all-time highs. Raoul Pal, CEO of Real Vision and a former hedge fund manager, agrees with this sentiment. Bitcoin Could Soon Hit $20,000, Macro Chart Shows Analysts think that Bitcoin may be primed to hit $20,000 in the near future (meaning next couple of weeks or months) after breaking […]

Bitcoin Fundamentals Remain Great Despite $3,000 Drop From Highs: Analyst

Bitcoin has dropped dramatically from its $19,500 highs The coin fell as low as $16,200 earlier today amid a strong sell-off and a lack of buying support Some think that the $3,000 drop could be the start of a deeper retracement in the months ahead Willy Woo, a prominent on-chain analyst, remains optimistic. Bitcoin Drops Dramatically From $19,500 Highs to $16,200 Lows Bitcoin has dropped dramatically from its $19,500 highs. The coin fell as low […]