Bitcoin Price Rally Stalls As Ether, XRP Shine

View Alternative cryptocurrencies are flying high while bitcoin is having a breather above $8,000. Notably, ether (ETH) has hit a seven-month high of $235 and looks set to extend gains further toward $256 (Sept. 22 high) in the near-term. XRP, meanwhile, has confirmed a bull breakout. With hourly chart indicators diverging in favor of the bears and the daily relative strength index (RSI) reporting overbought conditions, bitcoin is looking increasingly vulnerable to a price pullback to the key rising trendline, currently placed above $7,200. Bitcoin could challenge Tuesday’s high of…

Bitcoin (BTC) Price Rally Reaching Crucial Juncture: Can Bulls Break $6.2K?

Bitcoin price extended gains and traded to a new 2019 high above $6,080 against the US Dollar. The price surged higher towards the $6,100 level and it is currently consolidating gains. There was a break above a connecting trend line with resistance at $6,005 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside, but there are many hurdles near $6,100 and $6,200. Bitcoin price surging higher with a bullish bias above $6,000 against the US Dollar. BTC could surge…

Bitcoin (BTC) Price Rally Reaches Inflection Point: $6.1K and $6.8K Hold Key

Bitcoin price rallied another 4% and climbed above $5,850 against the US Dollar. The price is surging higher, but there are many hurdles near $6,000, $6,070 and $6,100. There was a break above a crucial bearish trend line at $4,730 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair could spike above $6,000 or even towards $6,800 before correcting lower sharply. Bitcoin price is surging higher towards $6,000 against the US Dollar. BTC could extend gains, but it is facing two important hurdles near $6,100…

3 Price Hurdles That Could Complicate a Bitcoin Rally to $6K

View Bitcoin is looking north, having closed above the 21-month exponential moving average (EMA) on April 30. Forcing a quick rally to $6,000, however, may be difficult for the bulls, as a number of key resistance levels are lined up in the $5,400–$5,900 range. The short-term outlook will remain bullish as long as the price is holding above the 30-day MA at $5,199. Bitcoin, however, risks falling back to that level in the next 24-hours, according to the short duration charts. A close below the 30-day MA would boost the…

3 Catalysts Fueling the Crypto Market’s Next Titanic Rally

By CCN: Ignore that Tether-induced Bitcoin price sell-off. Why? Because Fundstrat Global Advisors’ Tom Lee says that crypto spring has sprung. Speaking with CNBC, the Bitcoin bull revealed that proprietary Fundstrat analysis indicates that the flagship cryptocurrency has begun to storm into a bull market. Translation: prepare for the Bitcoin price to continue pounding higher. Bitcoin bull @Fundstrat‘s Tom Lee says he has three signs crypto spring has sprung. Check it out pic.twitter.com/wSaKFQnIvw — CNBC Futures Now (@CNBCFuturesNow) April 25, 2019 According to Tom Lee, three factors converge to confirm…

Bitcoin Faces Deeper Price Pullback Before Rally Continuation

View Bitcoin fell more than 1 percent yesterday, confirming a bearish divergence of the 14-day relative strength index, an early sign of bearish reversal. BTC risks falling to levels below $5,000 in the next few days. A strong bounce from the crucial 30-day moving average (MA), currently at $4,969, would revive the short-term bullish outlook. The long-run outlook will remain bullish as long as the price is holding above the former resistance-turned-support of $4,236 (Dec. 24 high). Bitcoin (BTC) may revisit sub-$5,000 levels in the short-term, as a widely followed…

Bitcoin’s Explosive Rally Targets $6,500 Next

By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month high this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s…

Bitcoin Price Rages Beyond $5,600 to Hit New 2019-High; New Rally Boom?

By CCN.com: Throughout the past 24 hours, the bitcoin price has recorded an increase of 4.3 percent, surging from around $5,280 to $5,630. In the past month, in less than 30 days, the bitcoin price has surged from $3,900 to $5,630, by nearly 40 percent. Good stuff. Golden cross and all. $BTC pic.twitter.com/KX3LKkyFKv — Alex Krüger (@krugermacro) April 23, 2019 Various technical indicators including long-term indicators such as the moving average convergence divergence (MACD) and exponential moving average (EMA) have shown a trend reversal when bitcoin first crossed $5,000, further…

Here’s What Will Trigger the Next Mammoth Bitcoin Rally

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. By CCN: According to a new survey conducted by a gold investment research firm, most retirees in the U.S. are aware of bitcoin and cryptocurrencies but are not interested in…

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…