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
Is Bitcoin Too Early For Mainstream Adoption? Study Suggests So
Wednesday May 22, 2019
College students at the University of Colorado Boulder were asked if they would rather have one dollar or one Bitcoin. Initially, the majority opted to take the dollar, but that was before the host...
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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.
Bitcoin (BTC) Price Watch: Breakout or Further Decline?
Tuesday May 21, 2019
Bitcoin price started a downside correction after tagging the $8,300 resistance against the US Dollar. The price tested the $7,575-7,600 support area and recently rebounded towards $8,100. Yesterday’s highlighted important bullish trend line is...
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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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Crypto Market Wrap: MATIC Moons On Binance Endorsement
Tuesday May 21, 2019
Crypto markets still consolidating; ETH looking promising, XLM and XRP slide, NEO gains and MATIC moons. Market Wrap The consolidation has continued on crypto markets for another day. There have been slight declines but...
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