Ethereum Price Spikes 9% to Break the Ceiling with Bullish Bitcoin Raging

By CCN: The price of Ethereum (ETH) has surged by nine percent against the U.S. dollar in the past 24 hours following the 38 percent rally of bitcoin in the past 30 days. The price of Ethereum has spiked 9 percent on the day against the U.S. dollar (source: coinmarketcap.com) The recovery of Ethereum was somewhat expected by traders as the asset demonstrated a lackluster performance in the first quarter of 2019. While the bitcoin price recorded a staggering 110 percent gain against the U.S. dollar year-to-date, prior to its…

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further towards $8,500 once it breaks $8,050 and $8,100. Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are…

Bitcoin Price Rages Bullish for 4th Straight Month in 2019: Report

By CCN.com: Whichever way you slice it the technical picture continues to look more and more bullish for Bitcoin. There is a distinct dip-buying pattern in BTC/USD, and the latest trough has been bought once again today. SFOX’s monthly cryptocurrency volatility outlook is here, and once more the fundamentals are bullish for the 4th straight month. Clear dip-buying in play as Bitcoin’s rally nears $6000- Yahoo Finance The three cornerstones of SFOX’s outlook are price momentum, sentiment and the advance of crypto as a sector. Their latest report sees strong…

Sprott CEO Predicts Bullish Future for Blockchain-Based Digital Gold

Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on May 7. Regarding the day-to-day usability of gold — and how blockchain improves the situation — Grosskopf remarks: “I think it was quite realistic to criticize gold because you weren’t gonna go to a gas station and pay for your fill-up with gold coins. But now, when gold can be digitized, put on the blockchain — moved around very…

Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish

Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar. The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken. Yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions. Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is…

Bitcoin Has Stronger Bullish Potential than Altcoins, Here’s Why

The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts. In contrast, other top crypto assets including Litecoin, Ethereum, and EOS failed to close above a similar level in their respective markets, as shown below. Bitcoin Price Closing Above a Key Resistive Junction | Source: Josh Rager, Twitter Historical Significance Rager considered $4769.03 as a significant resistance level for bitcoin.…

Bitcoin (BTC) Price Signaling Bullish Continuation Above $5,400

Bitcoin price gained bullish momentum and broke the $5,200 resistance against the US Dollar. The price even broke the $5,300 level and it is currently trading with a positive bias. Yesterday’s discussed key bearish trend line was breached near $5,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded towards the $5,380 resistance level and it could continue to move higher. Bitcoin price finally gained traction above $5,200 and $5,300 against the US Dollar. BTC price is back in a bullish zone and it…

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $5,600 level. Major resistance lies just overhead in the upper…

Samsung Trials Plus Ethereum 2.0 Another Reason To Be ETH Bullish

Ethereum (ETH) bearish below $190 Samsung experimentation is a sign of confidence on the platform Start-ups, desirous of exploring blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the latest. Two months after announcing the support of Ethereum (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant may soon launch their blockchain and perhaps issue their token. Ethereum Price Analysis Fundamentals With Ethereum there is no need for start-ups to start from scratch. That’s regardless of whether they plan to compete with the…

Survey Says Sell? Just 43% Believe ‘Golden Cross’ is Bullish for Bitcoin

By CCN: Not everyone is convinced that Bitcoin’s highly-touted “golden cross” is a bullish signal for the world’s largest cryptocurrency. Almost 25% of Crypto Investors Believe Golden Cross is Bearish for Bitcoin According to a Twitter survey conducted by crypto bull Thomas Lee, 24% of Crypto Twitter inhabitants believe that the signal, which typically hints at a bull run ahead, is a trap and that it is time to unload some Bitcoin. A golden cross occurs when a 50-day moving average crosses the 200-day moving average from under on the…