Bitcoin Bulls Will Be Back In The Picture Once BTC Rallies Above $9,100

BTC slides 2.1 percent
Bitcoin is a safe haven, a Satoshi now worth more than several fiat currencies.

Google Name Drops Ethereum-Based Crypto, LINK Rallies by 55% in Minutes
Friday June 14, 2019

Since entering the crypto space, the Ethereum (ETH) based Chainlink (LINK) has been one of the most hyped projects in the ecosystem. Today, the cries of the cryptocurrency’s community got even louder, with news...

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Hardly surprising, a single Satoshi, the smallest unit of Bitcoin, is more valuable than several fiat currencies. Increasingly, Bitcoin is a safe refuge against inflation. As such, accompanying demand could spur demand, thrusting BTC above $9,100 towards $10,000 and beyond.
Bitcoin Price Analysis
Fundamentals
What’s encouraging is that Bitcoin (BTC) bulls are back after a bit of a hiatus. It’s a relief for traders, as well as optimistic investors, reeling from last year’s collapse. Nevertheless, that is not an endorsement of bulls. If anything — and this being very conservative — there must be complementing fundamental and candlestick arrangements flashing “buy” before buyers take charge.
Meanwhile, tech companies are readying their machinery and deep pockets for this space. In other words, their crosshairs are on crypto. Facebook is leading the way, while Samsung and Apple are installing the necessary infrastructure.
The entry of Facebook and their novel project, “Libra”, as they roll out a stablecoin pegged by a basket of fiat currencies is an existential threat. Bitcoin may end up suffering. That is because Facebook will surely leverage their broad user base, mobilizing more than two billion active users to use a stablecoin.
Meanwhile, the news is that ravaging inflation in countries as Iran and Venezuela means the smallest unit of Bitcoin, Satoshi, is worth more than a single government-issued Iranian Rial and a Vietnamese Dong.

Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis
Tuesday June 18, 2019

The total crypto market cap climbed further higher above the $280.0B resistance area. Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area. Litecoin (LTC) price is...

The post Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis appeared first on 12bitplay - Bitcoin Play.

The smallest denomination of Bitcoin, a single satoshi, is now worth more than some national currencies.
0.00000001 BTC is worth more than the:
– Iranian Rial– Vietnamese Dong– Indonesian Rupiah
"Magic internet money" is now just "money".
— Rhythm (@Rhythmtrader) June 9, 2019

Bitcoin Historical Analysis Signals That BTC Could Surge to $62k Later This Year
Tuesday June 18, 2019

Bitcoin (BTC) is currently taking a breath and trading sideways after incurring massive buying pressure over the past couple of days that sent it surging into the $9,000 region, where it set fresh year-to-date...

The post Bitcoin Historical Analysis Signals That BTC Could Surge to $62k Later This Year appeared first on 12bitplay - Bitcoin Play.

However, the list of near worthless fiat currencies, thanks to bad leadership and central bank printing, could be higher if BTC spikes to over $20,000.
Candlestick Arrangement

Currently, Bitcoin is changing hands at $7,804, dropping 2.1 percent in the last day. All the same, bears are marauding in higher time frames. At spot rates, BTC is down 4.8 percent week to date. In line with previous BTC/USD trade plan, it is crucial that prices rally and close above May 2019 high.
The level is at $9,100. Once bulls close above this mark, then traders can confidently tune entries in smaller time frames with modest targets at $10,000 and later $12,000. Meanwhile, aggressive traders can enter at spot rates with a stop limit at $7,500. $7,500 is the main support line of the $1,000 trade range where prices are oscillating in.
Technical Indicator
Optimistic, May 30th bear candlestick leads this trade plan. The bar has high trading volumes of 31k. If bulls are in control, any breakout above May high must be with an uptick in participation exceeding 31k or even 47k of May 13th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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