Bitcoin Price Races Toward Wildly-Bullish ‘Golden Cross’

Bulls finally got the better of stubborn bears as they smashed the $4,200 resistance level to see a sharp 20% Bitcoin price increase. The surge occurred at 07:00 UTC+1 on April 2 and managed to reach $5,000, marking the flagship cryptocurrency’s highest level in 2019. Bitcoin Price Jumps Above 200-Day Moving Average Today’s closing price will be a key indicator for where things move from here. Should Bitcoin close above the 200-day moving average, which seems likely given that the price increase has held steady above $4,700, this brings the…

Brian Kelly Reveals Just How High This Rally Will Go

The crypto bulls are out in full force, and price predictions are back. Crypto trader Brian Kelly has consistently stuck up for bitcoin, even during the market downturn. Now BTC is returning the favor with today’s double-digit percentage rally. Kelly has taken his cue, telling CNBC that the $6,000 to $6,500 range is the new resistance and that’s exactly where the bitcoin price is headed: “Probably a reasonable target is close to $6,000 for this move.” Based on fundamentals, bitcoin could rise as high as the $6,500 to $6,800 range…

Global FOMO Primes Bitcoin for 40% Surge

Bitcoin is primed for a bull run to $7,000 later this year, says a major global asset management and financial advisory company in comments early Tuesday morning. DeVere: Crypto Winter is Over & Bitcoin Will Boom Nigel Green, founder and chief executive of DeVere Group, a $10 billion financial advisory and wealth management firm for high net worth individuals, says crypto winter is over: “I’m now calling that the market has bottomed and the so-called crypto winter has come to an end. I believe Bitcoin will now move higher over…

Monero (XMR) Register Double-Digit Gains Even as Hash-Rate Plunge

Monero price up 27 percent after closing above $60 Tokenomy Exchange now support Monero (CMR) Two weeks after the Boron Butterfly update, Monero (XMR) is surging, up 27 percent and trending within a bullish breakout pattern. With the upgrade, the network is secure after patching Big Bang and decentralized thanks to ASIC resistance. Monero Price Analysis Fundamentals Like hard, fiat money, Monero is anonymous. However, it doesn’t stop there. The coin is perfect for the internet, is digital, blockchain based and global meaning that it bears some properties like Bitcoin…

Bitcoin’s Price Rises Above Major Moving Averages In First Since 2018

Bitcoin’s price emerged above three major moving averages for the first time in nearly 15 months on Tuesday. The development is a byproduct of the cryptocurrency’s surge above $5,000 during Tuesday’s trading session, representing an increase in excess of 20 percent. A moving average (MA), when used in financial analysis, is simply a continuously calculated average of a certain economic factor like price or trading volume over a specified period of time. The moving average is particularly useful for smoothing out short-term fluctuations in the data set to identify the…

5 Reasons Bitcoin Bull Rally is Just Starting after 2019-High Above $5,000

The bitcoin price briefly crossed the $5,000 in several major regions on April 2, officially surpassing the $4,800 mark in global average price. The bitcoin price surges 19 percent within minutes (source: coinmarketcap.com) The somewhat expected increase in the price of bitcoin left many investors, including industry executives, bewildered about the factors that led the dominant cryptocurrency to surge. 1st Factor: A Purely Technical Move Throughout the past week, CCN reported that the $4,200 resistance level is crucial for the near-term price movement of bitcoin and once the level is…

Bitcoin Price Pounds Toward 5-Month High

The bitcoin price finally broke above an extended resistance channel to establish a new yearly high above the psychologically-significant $5,000 mark. Coinbase data shows that BTC/USD spiked during the early Asian trading session, surging almost 23 percent in just two hours to $5,120. The rally accompanied substantial volume, confirming a positive breakout scenario for the cryptocurrency. It also negated some portion of the losses caused by the notorious bitcoin cash hard fork, which prompted the previous crash in November last year. BITCOIN PRICE JUMPS UP TO 23-PERCENT | SOURCE: COINMARKETCAP.COM…

$20,000 Bitcoin Short Trader Gives Buy Signal as Bitcoin Price Hits $5,000

Mark Dow, a former International Monetary Fund (IMF) economist who famously shorted bitcoin from $20,000 to its low in the $3,000 range, has said that bitcoin is “buyable.” #Bitcoin chart. Buyable. $XBT $BTC pic.twitter.com/gE3urIfLJ5 — Dow (@mark_dow) April 1, 2019 Previously, Dow said that bitcoin investors would need to “get the f**k” out if the dominant cryptocurrency does not recover to the $5,000 to $6,000 range in the near-term, as it may leave the asset vulnerable to a large drop. Bitcoin is Buyable as Dow, Is the Trend No Longer…

Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K

View With bitcoin’s move today to 4.5-month highs near $5,080, the transition from bear to bull market appears done and dusted. The trend change would gain credence, though, if and when BTC finds acceptance above the former support-turned-resistance of the 21-month exponential moving average (EMA), currently at $5,200. The cryptocurrency is looking overbought as per the 14-day relative strength index, so prices may have a tough time breaking above $5,200 in the near-term. Bitcoin could see a pullback to $4,400 if signs of bullish exhaustion increase in the next few…

Bitcoin Bulls Stampede Bear Market Amid Major Dow Rally

Bitcoin surges 15 percent in 24 hours as the crypto bulls put the bears back in their place. The sudden rush of blood marks an end to a 3-month period of relative price stability for the OG crypto. Bitcoin’s Stable Streak Comes to a Positive End Bitcoin had enjoyed a stable period over the past few months, barely moving outside of a trading range between $3,800 – $4,200. That all changed today as BTC surged to $4,770. At press time, bitcoin is up over 15 percent according to Coinmarketcap. Bitcoin’s…