Bitcoin May “Pump To Low $6Ks” As The Market Looks Promising

2019-5-1 12:22

A cryptocurrency/blockchain investor and commentator known on Twitter as The Crypto Dog has expressed confidence that Bitcoin (BTC) may hit $6,000 and above while Ethereum (ETH) may surge to $200 because the market is “looking decent.”

According to The Crypto Dog, Tether has held the market down for too long and he looks forward to breaking out of the “hesitation.” The cryptocurrency market went into a dip after the news of the city of New York suing Tether and Bitfinex for deceiving its users came on board. Since then Bitcoin has been down just above $5,000 and Ethereum has just been above $150.

The surge to $6,000 as expected will be of great significance for Bitcoin because it is expected to be a critical support level that will either usher Bitcoin into a major bull run or crash it down if the asset fails to go beyond it. Several experts have however assured that the bear market is over and Bitcoin is on its way to a bull run.

Bitcoin bull Tom Lee, for instance, said based on the Bitcoin Misery Index (BMI), a huge price move is underway somewhere within the year 2019. He has also said that a new all-time high is coming in 2020.

Apart from this, other shreds of evidence such as the number of confirmed transactions, a growing dominance and the general interest in Bitcoin for funds transfer all point to a potential bull market.

The last few days have been sort of discouraging for the market and has stirred a significant amount of fear, doubt, and uncertainty. However, things turned around earlier today with most cryptocurrencies and all the top ten on a surge to a higher level. Bitcoin is currently well above $5,300 while XRP which has struggled to stay afloat is now safely above its critical support level of $0.3.

Obviously, the entire cryptocurrency community and especially investors are looking forward to a higher surge and $6,000 will be a good start. However, the market is quite unpredictable so there is no telling what will happen next. It is also hard to predict when the potential bull run will happen so we will just wait to see how things unfold.

The post Bitcoin May “Pump To Low $6Ks” As The Market Looks Promising appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Theresa May Coin (MAY) на Currencies.ru

$ 0.0003238 (-0.36%)
Объем 24H $0
Изменеия 24h: 1.48 %, 7d: -31.15 %
Cегодня L: $0.0003238 - H: $0.0003238
Капитализация $32.384k Rank 2065
Цена в час новости $ 0.0001048 (208.97%)

market may looks bitcoin dog promising 6ks

Источник: zycrypto.com

market may → Результатов: 126


BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – April 29

The short and medium-term outlook remains in a bearish trend. Traders may consider selling at bullish exhaustion area with bearish reversal candlestick as confirmation. BCH/USD Medium-term Trend: Bearish Supply zones: $300, $400, $500 Demand zones: $100, $50, $30 BCHUSD outlook in the medium-term is in a bearish trend. The bears kept the market under control […]

2019-4-29 08:27


Bitcoin SV Price Prediction: Long-term (BSV) Value Forecast – April 27

BSV/USD market is now in a consolidation moving mode. BSV/USD trade may still run into other variant lines of range market movements. BSV/USD Long-term Trend – Ranging Distribution territories: $80, $90, $100 Accumulation territories: $30, $20, $10 The price movements of the BSV/USD market valuation have been in a range trending outlook since this week’s […]

2019-4-27 12:50


Фото:

Bitcoin confirmed transactions per day approach 2017 highs, is the crypto market recovering?

Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has experienced a steady increase in its market valuation since the low of Dec. 17, 2018 which may be correlated to the strong growth in the number of confirmed transactions on its blockchain—reaching levels not seen since the peak of the market in 2017.

2019-4-25 20:04


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

Bitcoin surges past $66k after US CPI data triggers buyside pressure Here’s why QCP Capital analysts say BTC could run to $74k Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.