• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Bull Market Bitcoin Price

Bitcoin Bull Run: 3 Reasons Why BTC Will Continue to Surge

Christine Vasileva
by Christine Vasileva
5 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) awakened from its post-holiday slump, breaking easily above $8,000. A combination of geopolitical tensions and renewed appetite for trading led BTC as high as $8,360.


Bitcoin on Verge of Entering Six-Month Bullish Channel

The most recent price move also shifted the analysis of technical indicators, signaling bitcoin may be ready to follow a bullish scenario. Three technical indicators suggested a new upward drive may be possible. Bitcoin price managed to bounce off the years-long trend of higher lows. The second technical factor was a small head-and-shoulders pattern.

Has a new bull market began in #Bitcoin $BTC?
1. Market held support at lower boundary of multi-yr channel
2. Small H&S bottom on daily chart
3. Pending penetration of 6+ mo channel
If enough cryptocultists have been shaken out since Dec '17, then "yes"
If not, then "no" pic.twitter.com/vpKQeOKqLI

— Peter Brandt (@PeterLBrandt) January 8, 2020

Following those two completed chart moves, bitcoin has the chance to enter a six-month appreciation channel, though this move is not yet certain and depends on closing levels in the coming days.

Halving May Not be Priced In?

The renewed predictions based on current chart action also match the expectations bitcoin may continue to rally for the first half of 2020. The price moves also mean BTC made its local lows at around $6,500 in December, avoiding the scenario of a dip to $5,000.

Bitcoin price has once again entered a period of active spot trading, based on a “can’t afford not to hold it” attitude. Trading activity expanded to above $30 billion in the past day, as the price broke through milestones above $8,000.

In January, BTC now continues with a new set of support levels at $7,800-$7,900, and further potential for price development.

#Bitcoin Targtet Achived Chart:
Finally #BTC broke big Resistance and now $7800-$7900 Become Big Support.
$8362 is Small Resistance so Struggling and Next Target $8703 and $9500.#BTCUSD #LightningNetwork #Crypto #Blockchain #Ethereum #Bullish #trading #stockmarkets #economics pic.twitter.com/MZT9qHkMJm

— Crypto Patel (@CryptoPatel) January 8, 2020

The current price move also sees bitcoin generally in a longer-term bull market, which started off from lows of $3,200 in December 2018. Despite the temporary fluctuations, BTC has remained above $6,000 for most of the time, with still a preserved trend for a slow climb.

The other matter remains the timing of an altcoin season. For now, the spotlight is on bitcoin, which has expanded its market cap dominance to 69.1%. But there is also a possibility the higher BTC prices may trigger altcoin speculation.

The renewed rally also reignited the narrative that the halving is not priced in yet, and may lead to a new price range.

The Halving is NOT priced in! #BULLISH #BITCOIN#BTC #Halving #trending #cryptotwitter #crypto

— Kevin Svenson (@KevinSvenson_) January 8, 2020

The bitcoin bull rally also impacted Litecoin (LTC), an asset that moved in unison, adding around 14% in its first week of 2020.

For the leading asset, the current price is taking it closer to its 200-day moving average, however a Golden Cross is still a while away.

What do you think about the most recent BTC price move? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter @KevinSvenson @Cryptopatel @PeterLBrandt

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Follow

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Full Profile

Related Posts

GameStop

GameStop Preps War Chest For Potential $1.75 Billion Bitcoin Play

1 day ago
Bitcoin

$130K Bitcoin Will Trigger A HODL Frenzy, CEO Says

1 day ago
Bitcoin

Bitcoin’s High Euphoria Spurs UK Company’s $5 Million Buy

2 days ago
Bitcoin

Spam Wars: Bitcoin Core Devs At Center Of Heated Debate

4 days ago
Netflix

1 Bitcoin Up For Grabs On Netflix Reality Show ‘House Of Streams’

5 days ago
Bitcoin price

Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

5 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • ETHRANSACTION Cloud Mining: A Deep Dive into the Steady...

    1 hour ago
  • Bitcoin plunge caused 250k people to be liquidated. Area...

    1 hour ago
  • ETH rises better than BTC, cloud mining platform Ripplecoin...

    1 hour ago
  • No equipment investment required! XRP Mining cloud mining...

    1 hour ago
  • Blockchaincloudmining: XRP leads global payments, cloud...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. 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.