• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • 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
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • 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
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
bitcoin price waiting to rally

Bitcoin Rallies On Stock Rebound, Will BTC Top $9k Today?

Martin Young by Martin Young
4 years ago
in Bitcoin Price
0

Following a few days of sideways trading, bitcoin has rallied over the past few days as stock markets rebounded. Next targets are in the $9k area but analysts are not holding their collective breath.


Central bank stimulus hopes gave stock markets a much welcomed surge yesterday following their worst performing week for over a decade.

Crypto markets also benefitted, having a solid start to the week with a gain of almost $15 billion since they bottomed out at $240 billion yesterday. Total cap is currently over $250 billion and hopes of a renewed rally are starting to seep back in to the crypto-sphere.

Bitcoin Closes in on $9,000

BTC made solid gains yesterday climbing from its low point of this correction around $8,400 to top out just below $9k but not quite hitting the mark according to Tradingview.com.

 

The 3% gain has taken the asset back above $8,800 to tap resistance at the 200 hour moving average. It is now trading back above the 200 day moving average and heading towards resistance at the 50 day m.a. which lies around $9,150.

Crypto traders and analysts are looking for chart patterns and one has identified a head and shoulders wh

bitcoin
BTC chart 1 hour – Tradingview.com

ere the right shoulder could top out at this level.

A potential head and shoulders formation with the target at ~6100$.
Considering the 9150$ as a level of the previous support/resistance zone, the right shoulder might top there. $BTC $BTCUSD #bitcoin $XBT pic.twitter.com/ymqfevpneA

— CryptoHamster (@CryptoHamsterIO) March 3, 2020

The downside prediction of just above $6k is pretty extreme and it is likely that there will be strong support at $8,300 to break first.

Either way, bitcoin is doing its thing and appears to be moving in correlation with stock markets at the moment. It is still on track for massive gains after the halving if stock-to-flow models are to be believed.

Elsewhere on Crypto Markets

As usual the rest of the digital lemmings have mirrored the price action of their big brother, some making even greater gains.

Ethereum has made it back to resistance at $230 with a 5% move on the day. It is only likely to shift gears again if BTC can top $9k today.

Ripple’s XRP has grabbed a little action also with 3.5% added while BCH takes 6% and BSV 9%. Litecoin has topped $60 again and EOS and BNB have grabbed 3% on the day.

Tezos is back up 5% tapping $2.75 and Chainlink surges even higher with a 9% move taking it to $4.25. These gains are just a natural bounce off the back of a painful week so nothing to get too excited about just yet.

The real test will come for bitcoin which must top $9k for any hopes of a renewed rally.

Will BTC break $9k today? Add your price predictions in the comments section below.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Martin Young

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

Related Posts

Bitcoin

Bitcoin Milestone Ahead: Analyst Bullish On BTC Hitting $36,000

3 months ago
Bitcoin Investors Remain Greedy Despite High Market Volatility – Report

Bitcoin Crash: Derivative Traders Lose $202 Million In 24 Hours

7 months ago
Bitcoin Investors Remain Greedy Despite High Market Volatility – Report

Bitcoin Price Consolidates After Failing To Break Through Key Resistance Level

7 months ago
New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

8 months ago
Bitcoin Investors Remain Greedy Despite High Market Volatility – Report

Bitcoin Derivatives Market Volumes Show Bullish Trend After 2022 Downturn

8 months ago
50% of Bitcoin hashrate Controlled by Two Mining Pools

Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools

8 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Mercante Technologies to Launch AI-Powered Customer Support...

    28 mins ago
  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    22 hours ago
  • Bitcoin (BTC) and Compound (COMP) At the Market Crossroads...

    22 hours ago
  • Next 10x Crypto Gems: 6 Coins Under $0.50 To Buy Now

    22 hours ago
  • TokenCoin — Guide to Earning Passive Income through...

    23 hours ago

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

Bitcoin

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

Altcoins

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

Categories

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

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • 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
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 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.