• 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
  • 200 FREESPINS
Breaking News: HYPE Heats Up: Major Company Adds Hyperliquid to Its Crypto Treasury Strategy
🚀 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
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: HYPE Heats Up: Major Company Adds Hyperliquid to Its Crypto Treasury Strategy
bitcoin price indicator turned green

The Current Bitcoin Retracement is Over, Says Fundstrat

Osato Avan-Nomayo
by Osato Avan-Nomayo
6 years ago
·
Posted in Bitcoin, Altcoins, Bitcoin Price, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Fundstrat’s Robert Sluymer believes that bitcoin and many altcoins will soon experience significant price gains going on the back of positive signals from technical indicators.


Bitcoin Set to Test $9k Again

According to Bloomberg, the Fundstrat technical strategist expects an end to the price retracement that has been going on since the end of May 2019. In a note to investors quoted by Bloomberg, Sluymer wrote:

Another upside attempt appears to be developing for most cryptocurrencies. Increase exposure. We expect Bitcoin to stage another rally from current levels toward next resistance between $8,800-$9,000.

Sluymer’s forecast comes from a reversal in the bitcoin relative strength index (RSI). The Fundstrat analyst says momentum has shifted from negative/neutral, towards a more positive trajectory.

Bitcoin Set for Another Run at $9k

Bitcoin price [coin_price] gained more than $3,000 in May, breaking beyond $6,000 before flaming out at $9,100. With BTC refusing to fall even further below the mid-$7k region even with the ‘CME gap’, there is a growing narrative that bitcoin has found a new support level at $8,000.

The $9,000 resistance level will prove crucial in determining whether BTC can make a run for $10k before the start of Q3 2019. BTC/USD could yet fail to stay above $9,000 which might be the catalyst for the next 20-30% price decline.

Bitcoin’s early June run saw it fall by about 10 percent – the largest weekly loss for bitcoin since plummeting to $3,100 in December 2018.

Tether recently added a fresh supply of ‘newly minted’ $150 million in USDT. BTC price has historically responded positively to fresh injections of Tether funds.

Crypto Winter Well and Truly Over

Apart from bitcoin, Sluymer also picked Litecoin as an interesting proposition in the short-term, especially with its upcoming halving. LTC gains appear to have cooled slightly over the past 24 hours but were up more than 33% in the week prior.

Sluymer expects slight pullbacks as the 4th-ranked crypto approaches the $145 resistance point. Litecoin is up more than 350% since the start of the year and its current price of $135 is the highest since May 2018.

Tom Lee of @fundstrat now explaining how bitcoin winter is over with some pretty convincing charts and data. Now to align my shitcoins to fit all this 💁‍♂️ pic.twitter.com/RtidiKCjex

— Pat (@PatCrypt) June 12, 2019

Fundstrat’s co-founder Tom Lee also believes that cryptos are in for some significant price gains, even beyond the short term. Delivering an address at the CryptoCompare Digital Asset Summit in London, Lee declared that the crypto winter was well and truly over.

The Fundstrat chief analyst reiterated previous comments about how a weakened U.S. dollar was positive for BTC price. According to Lee, millennial investors will help push BTC price even higher.

Do you think bitcoin will be able to hold above the $9,000 price mark? Let us know in the comments below.


Images via Bloomberg and, Shutterstock, Twitter @PatCrypt

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.
Osato Avan-Nomayo

Osato Avan-Nomayo

Follow

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Full Profile

Related Posts

Crypto

Crypto Case Cracks Open Police Conspiracy In LA—Details

38 minutes ago
Bitcoin

Bitcoin’s True Value May Be As Global Settlement Layer, Not Just Currency: Ripple CTO

3 hours ago
Vanguard

Bitcoin Naysayer Vanguard Makes Bold Bet On Strategy Stock–Details

5 hours ago
Darknet

Gone Without A Trace: Darknet Bitcoin Platform Vanishes In Suspected Scam

17 hours ago
Coinbase

‘Pure Misinformation’: Coinbase Denies Role In Leak Tying Binance To Trump Coin

1 day ago
cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Earn $3600 a Day – Start a Bitcoin Miner Using...

    6 hours ago
  • ETHRANSACTION launches enterprise-level cloud mining...

    11 hours ago
  • PaladinMining has a major upgrade, and users can receive...

    15 hours ago
  • SOL XRP BTC Holders Turn to SWL Miner for Passive Income...

    16 hours ago
  • Smart ETHRANSACTION cryptocurrency mining helps you seize...

    17 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
  • 200 FREESPINS
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.