• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • 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: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • 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: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets

Stock Trader Sees Bitcoin Hitting $14K on “Re-Accumulation” Sentiment

Yashu Gola
by Yashu Gola
5 years ago
·
Posted in Bitcoin Price
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (Symbol: BTCUSD) has enough momentum left to attempt an extended bull run towards $14,000, says Jacob Canfield.

The Signal Profits founder placed the benchmark cryptocurrency on a Fibonacci Retracement graph, a set of horizontal levels that indicates where the supports and resistances are most likely to occur. He noted that BTCUSD had ample of support near the $10,500 level, adding that holding above it would ensure a smooth upside move towards $14,000.

“As long as $BTC can hold $10,500 support, I think we continue to move up to test the 1.618 extensions,” Mr. Canfield tweeted. “1.618 is at $13k and 2.618 is around $14,800.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto
Bitcoin chart at TradingView.com showing BTCUSD’s ideal supports and resistances.

The statement followed Bitcoin’s third failed attempt to break above $12,000. Last week, the cryptocurrency fell by more than $1,500 within minutes after testing the said level. And this week, it almost repeated the same pullback move, albeit falling less vigorously than the last time.

The Mighty $10,500

Traders caught the price near $11,500, suggesting that there were enough takers for Bitcoin on the said floor. The price rebounded modestly towards $11,600, only to find itself stuck inside a range between $11,650 and $11,500.

Josh Rager, a crypto-focused market analyst, stated Wednesday that BTCUSD needs to break above $11,900 before even thinking about hitting levels that are beyond. Nevertheless, he, like Mr. Canfield, also acknowledged the power of $10,500 in keeping the pair’s upside bias intact.

“Reclaim $11,900 on a daily close and we go up to $12,500 [and above], ” Mr. Rager stated. “Not worried one bit in this range unless price breaks below $10,500.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto
Bitcoin chart by TradingView.com showing BTC/USD maintaining its bullish bias above $10,500.

$10,500 flipped into support after serving as a strict resistance level for almost a year. Bitcoin repeatedly failed to jump above it, validating a higher selling pressure. Only today, the selling pressure has turned into a buying one.

That makes $10,500 a borderline level to define Bitcoin’s short-term bearish/bullish bias. Breaking below it would make it a resistance level, which might end up creating an additional barrier between the cryptocurrency and its $14,000-price target.

“It is always possible that a ‘Bart Simpson’ trading pattern will be repeated in case of negative news on the market,” Sergei Khtirov, chief executive of Listing Help, told Financial Magnates.

“In this case, a retest of the level of $10,000 is quite possible, which remains a significant psychological benchmark,” he added. “Falling below it will mean the end of the recent bull run.”

Supportive Bitcoin Fundamentals

Despite the concerning bearish technicals, Bitcoin is still looking ahead for an upside move thanks to supportive macro fundamentals.

The cryptocurrency rose by more than 60 percent earlier this year on increasing bids for safe-haven assets among investors. Their demand appears out of fears of inflation led by the US Federal Reserve’s open-ended stimulus package and near-zero interest rate policy.

The decision sent the US bond yields lower to 0.5 percent. It also made the US dollar the weakest in the last two years.

Just this week, public company MicroStrategy bought $250 million worth of Bitcoin as their tactical measure against the potential inflation. Before them, it was veteran hedge fund investor Paul Tudor Jones who had allocated 1-3 percent of his entire portfolio to Bitcoin futures.

Konstantin Anissimov, Executive Director at CEX.IO, told Bitcoinist.com that the events marked the beginning of a greater institutionalization of Bitcoin. Lower interest rates, followed by poorer returns, led investors to seek profits from cryptocurrencies. And the trend may continue ahead.

A listed company, said Mr. Anissimov, with strict requirements for financial diligence to its shareholders, has acquired a substantial amount of BTC, publically and strongly announced its decision and has taken a determined stance that this choice will not have a detrimental effect on the company’s share prices or its corporate social responsibility.

“This sends a signal of wide market acceptance of Bitcoin as a serious asset class for investment, and we are seeing the market react positively to the news,” he added.

Bitcoin was trading at $11,512 at the time of this writing.

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.
Yashu Gola

Yashu Gola

Follow

Globetrotter Yashu Gola has been working as a financial/crypto market journalist since 2013. He is an information technology graduate, a cryptography junkie, a filmmaking enthusiast, and an avid reader of Jon Erickson, Agatha Christie, JK Rowling, and Isaac Asimov.

Full Profile

Related Posts

Nové bitcoin ATH október 2025

Cena Bitcoinu nad 125 000: BTC dosiahol cez víkend nové historické maximum

4 days ago
Bitcoin vyskočil nad 120 000 $. Odštartoval vládny shutdown v USA nové kryptomenové rally?

Bitcoin vyskočil nad 120 000 $. Odštartoval vládny shutdown v USA nové kryptomenové rally?

1 week ago
Kryptomeny v červených číslach

Bitcoin a ostatné kryptomeny v červených číslach. Je vhodný čas na nákup?

1 week ago
veľryby presúvajú kapitál z BTC na Ethereum

Investori presúvajú svoj kapitál z BTC na Ethereum. Môže z toho ťažiť tento meme coin

1 month ago
Solana ETF fondy

SEC odkladá rozhodnutie o Truth Social, XRP a Solana ETF fondoch na október

1 month ago
Trump zavádza sankcie voči bankám blokujúcim operácie s kryptomenami

Trump zavádza sankcie voči bankám blokujúcim operácie s kryptomenami

2 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • BNB

    ChatGPT предвижда BNB да достигне $2,500...

    11 hours ago
  • Maxi Doge นักสู้เหรียญมีมยืนโพสท่าในสังเวียนมวย

    Binance-Peg DOGE นำโด่ง Top 11...

    1 day ago
  • Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s $22M Presale—Plus, Our $HYPER Price Prediction.

    Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s...

    2 days ago
  • ...

    2 days ago
  • Your Chance to Win Up to 10% Deposit Bonus and Up to 21K $USDT Bonus Prizes at KCEX

    Your Chance to Win Up to 10% Deposit Bonus and Up to 21K...

    3 days 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

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.