Tag: Bullish

Bitcoin Rages Bullish in Technical Indicators For the First Time Since 2017

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In recent months, the substantial increase in the daily volume of bitcoin and the rest of the cryptocurrency market has led analysts to suggest that the overall trading activity in the market is rising. While some stated that the minimal impact on the bitcoin price despite the large movements of alternative cryptocurrencies show a small inflow of capital into the crypto market, the general sentiment regarding the asset class has improved. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and…

Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200

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Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar. The price declined below the $0.3150 level and tested the $0.3125 support area. There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300. Ripple price is trading key supports against the US Dollar and bitcoin. XRP/USD must clear the $0.3200 resistance area…

Crypto Sentiment Remains Bullish As Bitcoin (BTC) Holds Above $4,000

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It isn’t a secret that over the past few weeks, community sentiment has begun to shift. Taking a brief look at Crypto Twitter, more analysts seem to be bullish on Bitcoin (BTC) than ever before in this bear market. But why are they so hopeful? And better yet, what do they see in crypto’s cards? Analysts Think Bitcoin Is Still Piping Hot As reported by NewsBTC over recent days, the cryptocurrency market has been a slow and steady grind to the upside. On Saturday, the asset surmounted the auspicious $4,000…

Winklevoss Twins: Crypto Hype at SXSW Offers Investors a Bullish Case for the Markets

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Ever since Bitcoin and the entire crypto markets went spiraling downwards in late-2017 and early-2018, investor’s sentiment has grown to be strongly linked to price action, and as such, the sentiment of most neophyte investors that have been burned by the persisting bear market remains in the gutter. Despite this, the sheer amount of hype and excitement surrounding the nascent markets and technologies at the on-going South by Southwest (SXSW) conference in Austin, Texas, may be a signal that excitement for the markets is still flowing through the veins of…

Crypto Market Sighting Bullish Break: XLM, Bitcoin Cash, EOS, TRX Price Analysis

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The total crypto market cap is trading nicely above the $128.0B support level. Bitcoin cash price recovered recently and traded above the $132 resistance. EOS price is currently placed nicely above the $3.70 support level. Stellar (XLM) price rallied more than 10% and broke the key $0.1000 resistance area. Tron (TRX) is currently consolidating near the $0.0230 support level. The crypto market seems to be eyeing an upside break, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) rallies recently, while BCH, EOS, ripple and tron (TRX) remain…

Why Bitcoin Drop to $1,850 May Be Next Despite Bullish Crypto Momentum

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In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan. Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level. 3-Month Bitcoin Price Chart (Source: Coinmarketcap.com) The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains against both BTC and the USD, with assets Litecoin, Enjin Coin, and…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

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Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…

Bitcoin (BTC) Price Watch: Bullish Break Above $4,000 Looming

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Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…

Ethereum Price Analysis: ETH Signaling Bullish Continuation Above $140

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ETH price corrected a few points, but dips remained supported above the $134 level against the US Dollar. The price is slowly grinding higher towards the $139-140 resistance area and it is likely to surpass it. There is an ascending channel in place with support at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards $145 as long as it is above the $134 support area. Ethereum price is trading with a bullish bias against the US Dollar and bitcoin.…

Bitcoin Still Bullish Says Analyst as Crypto Binance Coin (BNB) Surges 15%

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In the last 24 hours, the Bitcoin price has slightly dropped from $3,860 to $3,770, struggling to demonstrate strength at the $4,000 resistance level. Despite the lack of momentum on the price trend of Bitcoin, several crypto tokens in the likes of Binance Coin (BNB) and Enjin Coin (ENJ) have recorded 15 percent gains against the U.S. dollar and BTC. Crypto Market Valuation Up $2 Billion (Source: Coinmarketcap.com) Speaking to CCN, a cryptocurrency trader known as “Satoshi, MBA” said that the strength of tokens and small market cap cryptocurrencies show…