Bitcoin (BTC) Clears $7,500, This Is Just the Beginning–Mati Greenspan
Bitcoin (BTC) surge, up 34 percent
Mati Greenspan confident that Bitcoin prices will surge to new highs as momentum builds up
Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance
Thursday July 18, 2019
ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar. The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and...
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Prices may correct, that’s a possibility. However, unlike the deep correction of 2018, there is increasing awareness around Bitcoin and cryptocurrency in general. That is perhaps the reason why Mati Greenspan of Etoro is confident that BTC is in the early stages of a humongous bull rally in waiting.
Bitcoin Price Analysis
It’s all about price and ROI, and if that is the metric for gauging success, then Bitcoin investors are on a roll. After a deep and bruising crypto winter when Bitcoin prices dropped, hauling altcoins to their Dec 2018 dredges, asset prices are now bouncing back to the elation of the community.
In five short weeks, Bitcoin is up, more than doubling after bottoming up from $3,200 in mid-Dec 2018. Spurred by improving fundamentals, regulation and the change in sentiment, the crypto space is vibrant. Even so, according to Mati Greenspan, a vocal Market Analyst at Etoro, he believes that the crypto market is at the early stage of an impending bull cycle. To him, it is true that Bitcoin has been building momentum, but this is “in the early part of its cycle” adding that “right now we’re coming off that huge retracement and are only seeing a small rise.”
If his overview is correct than odds are not only will Bitcoin prices surge above $20,000, but accompanying volumes will explode, surpassing those of May-11 when Bitcoin-related volumes soared to new highs. All this points to a shift, a wave that is cementing Bitcoin’s position as a market leader whose underlying technology is poised to disrupt and positively impact processes.
Popular cryptocurrency proponent and news presenter Max Keiser has responded to President Trump’s anti-Bitcoin outburst yesterday. The long-term Bitcoin bull believes that a United States opposed to Bitcoin is an advertisement to nations wanting...
The post Keiser: $100,000 BTC as Trump’s Anti-Bitcoin Tweet to Drive US-Skeptic Nations to Crypto appeared first on 12bitplay - Bitcoin Play.
At the time of press, Bitcoin (BTC) is up 34 percent from last week’s close—and the trend is clear. Bulls are in control, if not marauding, shooting down bears. Prices are volatile, wide ranging and with volumes behind it, the resulting blast-off mean prices are trending above $7,500, our immediate resistance. If anything, every low should be a buying opportunity with targets at $8,500.
In light of the above, our anchor bar is May-11 wide-ranging bull bar—37k against 15k averages. Any bear bar reversing recent gains must be at the back of high volumes exceeding 41k of May-12. If not then it must exceed 37k of May-11. Conversely, trend confirmation above $8,500 must be with equally high participation levels.
Chart courtesy of Trading View
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Retail Investors Could Be Behind the Recent Bitcoin Rally, Despite Lack of Interest in BTC
Saturday July 13, 2019
Although Bitcoin and the aggregated crypto markets have been facing a bout of significant volatility over the past few days, while zooming out and looking at its long-term performance, it is clear that BTC...
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