NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Must Hold This Level Or Risk Falling To $10,000

Best Owie
Best Owie
1 year ago
3 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has seen a remarkable recovery trend that has caused its price to surge past $22,000 once more. This is a welcome development for the digital asset, which has been suffering from many dips, but it is not all rosy for the cryptocurrency. Since the market continues to remain in a bearish trend, there are levels that bitcoin must maintain above to keep such high prices. Otherwise, it risks falling more than 85% from its all-time high.

Bitcoin Must Hold Above $17,000

Many prominent figures in the finance industry have shared their thoughts about where they see the price of bitcoin going. One of those is Clem Chambers, CEO of Online Blockchain plc (OBC). Chambers, who is also widely known as a financial analyst has said that for the digital asset to continue to rise, it must make sure not to fall below $17,000.

Related Reading: Here’s Where Investors Expect Cardano (ADA) Price To Be At The End Of September

In the interview that was carried out by Daniela Cambone for Stanberry Research, the financial analyst explained that bitcoin is likely to reach $40,000 if it maintains strong momentum. However, there is still a high chance that the price will reach the dreaded $10,000 if it fails to hold the $17,000-$18,000 level.

Interestingly, even though the price of bitcoin is currently up, Chambers believes that the bearish scenario is more likely in this case. This means that the analyst expects the price to fall below $17,000 and reach as low as $10,000.

Bitcoin price chart from TradingView.com

BTC price drops below $21,000 | Source: BTCUSD on TradingView.com

Chambers’ outlook is in line with what has been recorded in the cryptocurrency market in the past. The assets tend to lose about 80-85% of their prices and even more in extreme cases. This historical trend actually puts bitcoin’s price close to $10,000 before the bottom is in.

But What Does BTC Say?

Most of the pump in the crypto market recently has been courtesy of the impending Ethereum Merge. The network had dragged the rest of the market with it by triggering a rise in interest in the space. However, since others such as bitcoin are only riding the coattails of Ethereum, there is not as much propping it up.

Related Reading: Crypto Traders Bleed Heavily After Betting Against Market

Relief rallies such as the one currently being experienced by the market have always led to profit-taking, which increases the selling pressure in the market. Glassnode points to this in its report, where it notes that there is profit taking at the present level, much like what was experienced back in June, bringing the loss dominant regime to a low 0.58, putting it firmly in bear territory.

Going by this, Chambers’ prediction for bitcoin being more likely to fall below $17,000 than recover to $40,000 swims into clearer view. However, the profit margins of BTC holders have continued to rise during this time, triggering stronger hold sentiment among investors. 

Accumulation has swiftly followed this, although not as strong as needed to push the price past $30,000. The number of new BTC addresses has seen a significant tick, as well as the holdings of old BTC addresses, pointing to said accumulation trend. 

Featured image from Coinpedia, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Tweet123Share196ShareSend
Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

Read more

Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate...

Scott Matherson 7 hours ago
Chainlink

Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Chainlink (LINK) is building momentum as bullish signals begin to align, strengthening the case for an upcoming breakout. After sweeping...

Godspower Owie 3 weeks ago
Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

A pseudonymous crypto analyst, known as Borovik on X, has released a bold set of three-month predictions for some of...

Scott Matherson 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP koers ATH door Ripple ETF nieuws? De belangrijkste XRP verwachting 2025

XRP koers ATH door Ripple ETF nieuws? De belangrijkste XRP verwachting 2025

Lars Diederiksen 3 weeks ago

Bitcoin Prognose: Zinsen runter, Wert rauf, Bitcoin Hyper als Turbo?

georgsteiner 3 weeks ago
Ethereum

Institutional Ethereum Staking On The Horizon As Grayscale Prepares Move — Details

Godspower Owie 3 weeks ago

Premium Sponsors

Press Releases

  • dogecoin memecore

    Tại sao Dogecoin, MemeCore và Maxi Doge có thể là...

    3 weeks ago
  • Dự Đoán Giá Pepe

    Pepecoin tăng 20% | Điều gì đứng sau xu hướng...

    3 weeks ago
  • top 3 crypto

    XRP dự đoán đạt 30 USD, Solana có thể chạm...

    3 weeks ago
  • Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih stopa – Otvaraju li se vrata za kupnje dok Bitcoin Hyper ICO prelazi 16,5 milijuna USD

    Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih...

    3 weeks ago
  • 4 token, amelyek hatalmas növekedésre készülnek, hogy felülmúlják a Shiba Inu-t (SHIB) a következő bull runban

    4 token, amelyek hatalmas növekedésre készülnek, hogy...

    3 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. 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.