Analysts: Bitcoin Market To Be Bullishly Bountiful For Several Years

2019-6-22 19:50

Analysts: Bitcoin Market To Be Bountiful For Several Years

It’s merely days since Bitcoin broke above the $9k resistance amid a lot of buying pressure. That’s after it previously touched the $9k level only to retrace way back to the $7k range and then back up to the $8,000s. Still, the $9k is hundreds short of the greatly coveted $10k mark.

Many traders and analysts alike have maintained their bullish stance with great expectations that Bitcoin will hit and probably surpass $10k by the end of 2019. Looking at things as they stand now, the $10k target looks pretty close. In fact, according to some analysts, Bitcoin has gained enough momentum to keep it bullish for years to come.

Bullish Above $8,950

Since the crypto winter ended weeks ago, Bitcoin has established a somewhat recurring trend between its upturns and downturns. Every time it surges, it encounters a resistance that pushes it down, and then it establishes a stronger support level from where it stages the next surge to break the resistance. This can be demonstrated by its recent trend when it spiked from $7,800 to $9,400, only to roll back to the $9,000 level. At the moment, Bitcoin is trading at around $9,878.

According to an opinion tweet by one cryptoanalyst, UB, Bitcoin needs to keep above the $8,950 mark to maintain its bullish stance and avoid a potential breakdown. At this level, the crypto will have established a strong support level before surging forward.

Bitcoin’s Super Guppy Has Flipped Green

Many crypto traders, investors, and analysts have expressed great optimism in regard to Bitcoin this year. As a matter of fact, some have even opined that the top coin could actually be preparing for years of bullish momentum. According to Josh Rager, a popular crypto investor and trader, Bitcoin’s Super Guppy has turned green.

In a tweet, Josh traced Bitcoin’s trend in 2012, 2016, and 2019. In both 2012 and 2016, Bitcoin Super Guppy flipped green right before the crypto went on a massive bull run. The fact that it’s happening in 2019 makes the year a very possible period for the next of Bitcoin’s major bullish breakouts.

The post Analysts: Bitcoin Market To Be Bullishly Bountiful For Several Years appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68060.17 (+0.07%)
Объем 24H $26.658b
Изменеия 24h: 0.55 %, 7d: -1.30 %
Cегодня L: $67324.36 - H: $68310.12
Капитализация $1341.165b Rank 1
Цена в час новости $ 9934.67 (585.08%)

bitcoin several years analysts market bountiful bullishly

Источник: zycrypto.com

bitcoin several → Результатов: 126


Фото:

Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that the Bitcoin top is in, as most have flipped short on the benchmark digital asset This comes as a bear-favoring […]

2020-6-30 02:00


New Bloomberg Report Shows Wall Street Banks Shun Bitcoin, Distance Away from Crypto Markets

In a recent report released by Bloomberg, recognized Wall Street firms such as Goldman Sachs, Morgan Stanley or Barclays, are still far from launching crypto-related products. During 2018, several analysts believed that these institutions were going to release crypto-related products to the market as soon as in the first part of 2019. Nevertheless, these products […]

2018-12-24 21:31


Here’s A Refresher On How To Explain Bitcoin At Christmas As Crypto Interest Remains High For The Holidays

Interest For Bitcoin Remains High Around The World Although Bitcoin (BTC) and virtual currencies did not have a positive year, the interest in virtual currencies remains high. There are several retail investors and people that are very interested in understanding how cryptocurrencies work and which is the future potential they have. According to a new […]

2018-12-21 20:26


Фото:

Crypto Millionaire Literally ‘Airdrops’ $100 Bills From Rooftop in Hong Kong

A Bitcoin millionaire and cryptocurrency loud mouth was arrested in Hong Kong over the weekend for causing mass hysteria after an airdrop of several HK $100 bills from an apartment rooftop. Hong Kong Style ‘Air Drop’ On Saturday (December 15, 2018), Wong Ching-kit; a cryptocurrency promoter caused a stir when he tossed several HK$100 from an apartment rooftop in Hong Kong.

2018-12-17 22:00


“Bitcoin will go a lot higher” says Suspected Satoshi Nakamoto who has made several Accurate Predictions

A man who has made several accurate predictions concerning the fate of Bitcoin has appeared again on Youtube saying Bitcoin will surge a lot higher than its current price. The man simply identified as “davincij15” on Youtube said Bitcoin is a reliable crypto asset that has a bright future and anyone saying Bitcoin will go […] The post “Bitcoin will go a lot higher” says Suspected Satoshi Nakamoto who has made several Accurate Predictions appeared first on ZyCrypto.

2018-12-11 15:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Judge orders the U.S. SEC to pay $1.8M in Debt Box case dismissal

Judge dismisses U. S. SEC’s case against Debt Box, orders SEC to pay $1. 8 million in fees. The Ruling cites SEC’s bad faith conduct in obtaining asset freeze order. Debt Box calls the court’s decision a significant victory against regulatory overreach.

Riot Platforms wants to buy Bitfarms for $950 million

Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity.

Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

Notcoin price surges 33. 42%, reaching $0. 006884 after community votes favor it over Bitcoin. New NOT airdrop and earning missions boost user engagement and investment interest. Notcoin (NOT) is currently on its way back to its Binance listing price Notcoin (NOT) price has seen a remarkable surge in its price, climbing by over 33.

Toncoin price: What next for TON as TVL surpasses $300 million?

Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain’s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital’s investment have been notable catalysts for Toncoin (TON).