Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and tested the $200B resistance level. Bitcoin price gained traction above $6,500 and traded close to the $7,000 level. Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels. EOS price is also up more than 10% and recently cleared the $5.20 resistance area. Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level. The crypto market cap rallied to the $200…

Bitcoin Price Hits 8-Month High Close to $7K

View Bitcoin printed an eight-month high of $6,964 earlier today. Further strengthening the long-term bullish bias is a bull cross of the 100- and 200-day moving averages (MAs) – the first since July 2015. A sustained move toward the next resistance at $7,411 (September 2018 high) could be preceded by a price pullback, as the 14-day relative strength index (RSI) is currently reporting overbought conditions. Pullbacks, if any, will likely be reversed by the historically strong 30-day moving average (MA), currently at $5,450. The long-term bullish outlook would be invalidated…

Bitcoin’s Market Share Hits 8-Month High as Price Passes $6K

View Bitcoin’s dominance rate has hit 8-month highs, suggesting investor confidence in the recent price rally. A test of highs above $6,500 seen in November last year now seems likely. Such a move, however, may be preceded by a pullback to the 10-day moving average at $5,633 if the immediate resistance zone of $6,055–$6,100 remains intact in the next 24 hours or so. The short-term bullish outlook would be invalidated only by a drop below the 30-day MA at $5,365. Bitcoin’s (BTC) recent rally looks sustainable, according to the charts,…

Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

By CCN.com: Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again. When Sluymer says, you listen Fundstrat technical strategist Robert Sluymer, who had made the negative call in mid-November last year, believes that bitcoin is all set for a rally in the second half of the year as he sees bullish long-term technical trends developing. He tells clients…

Bitcoin Remains Stable | Crypto Market Capitalization Hits New High

Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS. Crypto Market Capitalization Hits New All-Time High At the beginning of the month, Bitcoin (BTC) price surged, taking analysts and traders by surprise as to what might have caused the sudden increase in price. However, analysts are unsure whether the cryptocurrencies will hold their recent gains. But considering Bitcoin has managed to maintain…

CME Bitcoin Futures Hits Record 1-Day Volume, BTC Rally Next?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Throughout the past seven days, following its initial rally on April 1 from $4,200, the bitcoin price increased from around $4,673 to $5,218, by well over 11 percent. The bitcoin…

$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…

Bitcoin Price Hits 5-Week High With Chart Echoing 2015 Pre-Rally Pattern

View Bitcoin jumped to a five-week high of $4,100 earlier today, reinforcing the bullish view put forward by the recent bounce from the crucial 30-day moving average support. That, coupled with the flag breakout on the 4-hour chart, indicates scope for a re-test of $4,190 (February high). The short-term bullish case would weaken if prices fail to close today above $4,055 (March 21 high). On the downside, a bearish reversal would be confirmed if and when prices find acceptance below the 30-day moving average, currently at $3,900. Additionally, bitcoin’s 200-candle…

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High

View The immediate outlook for bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,417. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 BTC would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013 BTC. The rally, however, may not happen immediately, as the 14-day relative strength index (RSI) is reporting overbought conditions. LTC’s bullish setup would be invalidated if prices fall back below 0.010182 BTC. That looks unlikely, though, given the bullish long-term…

Bitcoin’s Daily Price Range Hits Three-Month Low

View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish exhaustion have emerged on the 4-hour chart. A strong move above $3,430 would confirm a falling wedge breakout and open the doors to $3,658 (the high of the bearish gravestone doji created on Jan. 26).…