Tag Archives: Bullish

Bullish Bitcoin (BTC) Inch Close to $4,500 as Tech Leader Says it is Better than Paper Money

Bitcoin Price Analysis: $3,800 is Definitive for BTC

  Bitcoin prices are trending higher, up 8.1 percent in the last week Elon Musk says Bitcoin and crypto is brilliant for value transfer Transactional volumes high, behind recent higher highs   Adoption is on the rise, and it is at this juncture that Elon Musk has reasons to believe that Bitcoin is brilliant and a better tool for value transfer. As an influencer, this is bullish, and as long as prices are on the rise, we expect momentum to build up. Bitcoin (BTC) Price Analysis Fundamentals […]

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Ripple Price Analysis: XRP Likely To Gain Bullish Momentum Above $0.3100

XRP Benefiting From SWIFT--Corda Trial

Ripple price formed a solid support near the $0.2940 and traded higher against the US dollar. There was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The price tested the $0.3040 and $0.3050 resistance levels, where sellers emerged. In the short term, there could be a minor downside correction before the price spikes above $0.3050 and $0.3080. Ripple price is holding a few important supports against the US Dollar and Bitcoin. […]

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Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar. The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged. Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800. Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD […]

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Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next […]

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Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price could revisit $121-122 resistance zone, where sellers are likely to reemerge. Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now […]

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DCG Chief Claims He’s More Bullish on Bitcoin Than Ever, But Wary Of Crypto Assets

DCG Chief Claims He's More Bullish on Bitcoin Than Ever, But Wary Of Crypto Assets

It goes without saying that the crypto market is rife with wishy-washy investors. Some days, one might be overly bullish, quipping that Bitcoin (BTC) could skyrocket to the so-called “moon.” Other days, he or she might remark that the end is nigh for the flagship cryptocurrency. While vapid industry participants are a dime a dozen, what’s hard to find are cryptocurrency zealots that would put their reputation on the line for this sector. Barry Silbert, a former Wall Street investor turned the fervent leader of the industry’s largest […]

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Bitcoin (BTC) Holds Above Support at $3,550, May Soon See Increased Bullish Momentum

How Bitcoin Could Plunge To $1,700 In June: Prominent Crypto Analyst

Since Bitcoin (BTC) made its large upwards swing last Friday, it has been able to hold steady above its support level at $3,550, bouncing back into the $3,600 range each time this price level is touched. Importantly, its ability to hold above this price level signals that the cryptocurrency’s bulls are not yet ready to surrender its recent gains to the bears. Now, multiple analysts concur that Bitcoin could soon see increased bullish momentum if it is able to continue holding decisively over its key support levels. […]

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Ripple Price Analysis: XRP Sighting Bullish Break In Near Term

Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs

Ripple price is currently showing a few positive signs above the $0.2980 support against the US dollar. Yesterday’s highlighted key declining channel is intact with resistance near $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.3040 and $0.3060 resistance levels for a fresh upward move. Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD could gain bullish momentum once it breaks the $0.3040 and $0.3060 resistance levels. Ripple Price Analysis In the […]

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Fundstrat’s Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

Fundstrat's Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

After Friday’s straight out of left field rally, analysts have begun to express optimism for the first time in a blue moon. In fact, one industry insider claims that technical analysts centered on Bitcoin (BTC) are switching gears from bearish to bullish. But will their forecasts hold up? Related Reading: Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks Tom Lee Downs The Bitcoin Red Pill Again It appears that Tom Lee has downed the Bitcoin red pill yet again. After making an appearance on Fox Business, in […]

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Crypto Markets Trade Mixed, Analysts Cautiously Bullish on Litecoin and Ethereum

Crypto Markets Trade Mixed, Analysts Cautiously Bullish on Litecoin and Ethereum

The crypto markets have started the weekend off with a mixed trading session as Bitcoin continues to trade sideways at its current price level of $3,475. Although the markets have remained stable around their current price levels, some major cryptos, including Litecoin and Ethereum, may soon see upwards price surges. Although these cryptocurrencies may be showing some signs of bullishness, it is important to note that Bitcoin will likely have to maintain above $3,400, or surge above its resistance level at $3,500, in order for the markets […]

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