Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

12/07/2025

Ripple Spotlights Major Dates All XRP Holders Should Mark

12/07/2025

Chinese Regulator Mulling ‘Major’ Crypto Pivot

12/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

    12/07/2025

    which is the better buy?

    12/07/2025

    El Salvador Overtakes North Korea in Bitcoin Holdings After Lazarus Group’s Reduction

    12/07/2025

    Bitcoin price could hit $140k as institutional interest rises: MEXC COO

    12/07/2025

    Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

    11/07/2025

    Ethereum (ETH) Price Prediction for July 8

    11/07/2025

    Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

    11/07/2025

    It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

    11/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    T, AB, GNS, SEI, & HSK Lead Top Crypto Assets in Strong Accumulation Phase, Sets for Price Rally 

    12/07/2025

    Over 130M $GALA Bridged Daily as Node Staking Changes Go Live

    12/07/2025

    Memecoin PNUT Rips on Elon Musk’s Epstein Cue

    12/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

    12/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025
  • Blockchain

    Akave Launches Decentralized Data Layer on Avalanche with Akave Cloud

    12/07/2025

    DeepLink and Roam Unite to Build Borderless Cloud Access and Gaming

    10/07/2025

    A Breakthrough for Blockchain Exploration

    10/07/2025

    Dechat Forges Partnership with Bullbit AI to Transform AI-Driven Trading Infrastructure

    10/07/2025

    It May Also Be Developing Its Own Blockchain!

    10/07/2025
  • DeFi

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025

    EUL Hits New All-Time High Led by Protocol Growth

    11/07/2025

    AscendEX Forges Partnership with M3 DAO to Bridge Real-World Finance and Web3

    11/07/2025

    Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

    11/07/2025

    Bitcoin Exchange Bithumb Shares New Listing Announcement! Here’s the Listed Altcoin

    11/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    More Bitcoin? Crypto Should Account for Up to 40% of Portfolios, Influential Financial Advisor Says

    12/07/2025

    Tensions Escalate Between Donald Trump and Fed Chair Jerome Powell – Trump Sends Handwritten Letter – Here Are the Details

    12/07/2025

    Circle, One of the Largest Stablecoin Companies, Files Critical Bank Application in the US

    12/07/2025

    Goldman Sachs Changes Its Forecast for When the US Will Cut Interest Rates – Here’s the New Date

    12/07/2025

    Hut 8 tightens Trump family ties through American Bitcoin

    12/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025

    Stunning Fact About Binance’s CZ Revealed by Anthony Pompliano

    12/07/2025

    Morning Release from South Korea! Two New Altcoins Listed, Prices See Sharp Rise!

    12/07/2025

    The winners and losers of Phantom’s Hyperliquid integration

    12/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025

    BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot

    11/07/2025

    Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

    11/07/2025

    KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

    10/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    Is Regulation Getting More Hostile?

    12/07/2025

    European Union’s SEC Issues Cryptocurrency Warning!

    12/07/2025

    SEC’s Halt of ETF Holding XRP and Solana Has Investors ‘Suffering Harm’, Grayscale Says

    12/07/2025

    Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

    12/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»What’s Next For Bitcoin Price As 7 Days Winning Streak Hits $50k?
Bitcoin

What’s Next For Bitcoin Price As 7 Days Winning Streak Hits $50k?

NBTCBy NBTC03/03/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


On February 12th, the Bitcoin price finally hit the $50,000 barrier for the first time in two years, marking a significant milestone with a 3.8% increase within the day. This surge pushed Bitcoin past the previous resistance level of $49,000, effectively reversing the losses triggered by the introduction of a spot BTC ETF. Is this recovery on track to surpass BTC’s historical peak of $68,789?

Also Read: Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH & ADA

Is Bitcoin Price Recovery Sustainable?

Bitcoin Price| Tradingview

Following the launch of Spot Bitcoin ETFs on January 11th, BTC’s value experienced a notable correction, plummeting 21% from $49,000 to $38,542. This decline was largely influenced by the bearish sentiment fueled by significant outflows from Grayscale $GBTC.

However, the narrative began to shift as the daily inflows into these ETFs caught the market’s attention, demonstrating renewed investor confidence. This change in sentiment was underscored by the remarkable achievement of nine Spot Bitcoin ETFs, which collectively reached an Assets Under Management (AUM) milestone of $10 billion within just a month of their launch.

Consequently, the Bitcoin price saw a vigorous rebound from its late January low of $38,542, surging nearly 30% in the following three weeks to a current trading price of $49,912

Adding to the bullish note, Anthony Pompliano, founder of Pomp Investments recently on Squawk Box said.

The inflows, these funds are doing $500 million a day of net inflows. But there’s only 900 Bitcoin that is actually coming into the daily incoming supply. And so when you look at that, it’s like $40 to $45 million. There’s 12.5x more demand for Bitcoin than what’s being produced on a daily basis.

Later Pompliano added, “Halving is coming, so we’re going to go from 900 Bitcoin to 450 Bitcoin a day. I mean, this thing’s going back to its all-time high”.

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Wall Street ETFs are buying 12.5x more #bitcoin per day than the network can produce, increasing the demand and price.pic.twitter.com/RHmkGw8k1o

— Documenting ₿itcoin 📄 (@DocumentingBTC) February 12, 2024

Also Read: Bitcoin Breaks $50K, Here’s What You Should Know

What does BTC’s Technical Analysis Say?

Bitcoin Price| Tradingview

Amid the recent jump, the BTC price gave a bullish breakout from the cup-and-handle pattern. A bullish reversal pattern commonly spotted at the bottom of a downtrend signals an early sign of trend reversal and a new entry opportunity for traders.

This pattern developing for nearly two years is poised to have a major impact on Bitcoin price. Currently trading at $49912, the price will likely witness a minor pullback in the coming days to showcase its sustainability for higher levels.

If the pattern holds true, the BTC price is set to chase a potential target of $82250.

  • Exponential Moving Average: An upswing in the daily EMAs(20, 50, 100, and 200) reflects the market sentiment aligned with the bullish trend.
  • Average Directional Index: The ADX slope uptick at 21% indicates the buyers have sufficient momentum to prolong the current rally.

Related Articles: Crypto Prices Today: Bitcoin At 48K, XRP & Pepe Coin Decline As IMX Rallies


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

12/07/2025

which is the better buy?

12/07/2025

El Salvador Overtakes North Korea in Bitcoin Holdings After Lazarus Group’s Reduction

12/07/2025

Bitcoin price could hit $140k as institutional interest rises: MEXC COO

12/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

12/07/2025

Ripple Spotlights Major Dates All XRP Holders Should Mark

12/07/2025

Chinese Regulator Mulling ‘Major’ Crypto Pivot

12/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.