Day: May 3, 2019

Bitcoin (BTC) Could Breach $330,000 In 2021 If 2017’s Bull Run Is Mirrored

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Bitcoin May Soon See Another Parabolic Run Thursday saw Bitcoin (BTC) push past $5,500 yet again, despite the Tether “FUD,” sparking claims that a parabolic bull rally is around the corner yet again. One analyst, the self-proclaimed “cryptocurrency accumulation machine” Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, when BTC finally began to embark on a rally yet again. This is notable, as the last time BTC’s chart structure looked as it did now (a massive green candle after ~one year of selling…

Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish

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Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar. The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken. Yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions. Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is…

Bitcoin Leading Crypto Market Rally: Bitcoin Cash, XLM, EOS, TRX Price Analysis

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The total crypto market cap is gaining momentum above the $175.0B resistance level. Bitcoin price rallied more than 3.5% and climbed above the $5,550 resistance. Bitcoin cash price is currently placed nicely above the $270 support level. EOS price is back above the $4.80 level and it may test the $4.90 resistance. Stellar (XLM) price is likely to gain momentum above the $0.1000 resistance level. Tron (TRX) is still struggling to clear the $0.0242 and $0.0245 resistance levels. The crypto market cap is climbing higher, with sharp gains in bitcoin…

Ripple (XRP) Price Could Bounce Back Towards $0.3100

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Ripple price is holding the main $0.2950 support area against the US dollar. The price is likely to recover in the near term and it could trade towards $0.3080 or $0.3100. There is a declining channel in place with resistance near $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb higher as long as it is above the $0.2950 support area. Ripple price is currently trading in a range against the US Dollar, but lost ground vs bitcoin. XRP might…

Ethereum (ETH) Price Starts Fresh Increase: Bitcoin Leading Gains

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ETH price found support near the $156 level and recently bounced back against the US Dollar. The price is currently trading nicely above the $156 and $158 support levels. Yesterday’s highlighted declining channel was breached with resistance near the $158 level on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently struggling near $160, above which it could trade towards the $164 level. Ethereum price is gaining traction versus the US Dollar, but it is struggling against bitcoin. ETH is likely to climb higher in the…

Bitcoin Back Over $5,500, Similarities to 2017 Starting to Show

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Since the fallout from the Tether fiasco markets had started to cool and even show signs of pulling back. Analysts predicted a drop back to lower levels, led by Bitcoin if it could not break higher. As we end the week the opposite appears to be happening as BTC climbs back up towards its 2019 high. Bitcoin Back Over $5,500 Bitcoin hit a weekly high of $5,540 an hour or so ago and continues to move higher. It has spent the best part of the past seven days around the…