Day: May 28, 2019

Last Time This Bitcoin Indicator Lit, Explosive 25-Month Bull Market Occurred

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By CCN: According to technical analyst Josh Rager, the 3-day Guppy Multiple Moving Average (GMMA) on the bitcoin price trend has turned green following bitcoin’s recent rally. The last time this technical indicator signaled a change in trend, it led to a 25-month bull run. $BTC: 3-Day Super Guppy Flipped Green I’ve been waiting for this for weeks to confirm the bull trend While the 1-Day Guppy can give fake-outs, the 3-Day is a nice signal for continuation and that dips are buying The last time the 3D flipped green…

Research: Bitcoin Cash Hardfork Plagued by Three Key Issues

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As reported by BTCManager earlier in May 2019, the Bitcoin Cash network went ahead with its hard fork as earlier planned. However, the event was nearly scuppered by a bug on the Bitcoin ABC client which rendered the chain non-functional for several hours. Now, a BitMEX research report on May 24, 2019, has revealed three Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Bitcoin (BTC) Price Consolidating Gains: Primed To Break $9K

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Bitcoin price rallied recently above the $8,300 and $8,650 resistance levels against the US Dollar. The price traded to a new 2019 high at $8,952 and it is currently consolidating gains. There is a key bullish flag pattern forming with resistance near $8,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase once it clears the $8,860 and $8,900 resistance levels. Bitcoin price started consolidating gains after trading towards $9,000 against the US Dollar. BTC could correct in the short…

Crypto Market Gaining Momentum: Bitcoin Cash, EOS, TRX, ADA Analysis

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The total crypto market cap is currently placed nicely above the $260.0B support area. Bitcoin price remains in a strong uptrend and it recently spiked towards $9,000. EOS price surged more than 15% and tested the key $8.00 resistance area. Bitcoin cash price is currently trading in a range below the $445 and $450 resistance levels. Tron (TRX) price is up more than 10% and it recently broke the $0.0350 resistance. Cardano (ADA) price is slowly climbing higher towards the $0.0920 and $0.0950 resistance levels. The crypto market cap, bitcoin…

Ripple (XRP) Price Smashes Resistance: Stage Set For $0.5000?

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Ripple price started a solid upward move and broke the key $0.4200 resistance against the US dollar. The price climbed higher and broke a few important resistances near $0.4350 and $0.4400. There is a rising channel forming with support at $0.4240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is eyeing further gains and it might soon clear the $0.4500 and $0.4650 resistance levels. Ripple price is gaining bullish momentum against the US Dollar, while recovering vs bitcoin. XRP looks set to accelerate higher…

Ethereum (ETH) Price Holding Uptrend Support: Bulls Eyeing $300

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ETH price recently climbed higher and settled above the $265 resistance against the US Dollar. The price gained traction and spiked towards the main $280 resistance area. There is an ascending channel forming with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading nicely above the key $265 support and it may continue to rise in the near term. Ethereum price is showing positive signs versus the US Dollar, but struggling vs bitcoin. ETH is likely to accelerate higher and it might…

Key Bullish Technical Signal Predicts Bitcoin Price Is Approaching $12,000

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By CCN: The minor bitcoin price rally which Bloomberg initially rejected as an April Fools’ joke has metamorphosized into a laughter riot. The world’s leading cryptocurrency has surged as much as 116.29% since its first notable breakout action of April 2. It established a fresh yearly high $8,947.88 this Monday in what now appears like a tireless bull run. There have been no signs of extreme pullbacks despite bitcoin’s overbought status. And every minor downside correction is influencing more speculators to enter the bitcoin market at a slightly lower intraday rate.…

Bitcoin To Top At $9,800, Correct By Upwards of 30% From There: Analysts

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Bitcoin Still Has Room To Run Bitcoin (BTC) has finally broken out of an ascending triangle/symmetrical triangle pattern it has been stuck in for two weeks now. With this rally, BTC has tapped $8,900 and continues to hold $8,800 as of the time of writing this. As the buying and selling pressure has slowed, analysts have done their best to postulate what’s next for the cryptocurrency. And while some are calling for Bitcoin to “moon”, lacing their comments with hopium, some are adamant that this rally is out of hand,…