Cryptocurrency Market News Bitcoin climbs above $11,000 signaling a bullish reversal
http://ntvforex.com/news/?id=56b052. . 1 minutes ago Here is what you need to know on Thursday 17, September #BTC #USD is currently trading right above $11,000 after a notable breakout. A close above this crucial resistance level could be an indication that Bitcoin bulls are ready to take over again. #ETH #USD is not following Bitcoin this time and it s not the leader anymore. The digital asset continues trading at $365 unable to climb above $400. #XRP #USD had a dip towards $0.234, the 100 #MA and the bulls managed to defend it pushing the price of #XRP above 0.24 again. Chart of the day #BTC #USD daily chart Market Bitcoin price climbed above the crucial $11,000 resistance level and has been bullish for the past three days. This breakout is a major indicator that momentum is shifting in favor of the bulls, at least in the short term. The next barrier would be at $11,267, the current 50 MA, but #BTC is not fa…
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With Bitcoin breaking below eight thousand dollars, investors are holding their breath.
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Earlier this month, NewsBTC reported that the market capitalization of all crypto assets, Bitcoin included, printed what is known as a death cross in the land of technical analysis. The ominous-sounding title is given to when a short-term moving average of any asset – the 50-day MA for example – crosses under a long-term moving average such as the 200-day MA. It signifies that bears are in control. It seems that the recent surge, however, is negating the potential long-term downtrend this death cross can have on this market. In fact, a golden cross has rapidly started to form after the aforementioned death cross. As pointed out by Brave New Coin’s crypto analyst, Josh Olszewicz, the total cryptocurrency market cap – the value of Bitcoin and all other cryptocurrencies – is about to form a golden cross. In this case, the golden cross will see the 50-day exponential moving average (EMA) cross above the 200-day exponential moving average. This will signal that the downtrend has most likely ended at $7,300, and may imply that investors will continue to push the crypto market higher into the coming months. This isn’t the only extremely positive golden cross currently forming in the crypto markets. As reported by this very outlet previously, popular analyst Filb Filb noted that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses. As Filb’s chart below depicts, the last time the 50-week crossed above the 100-week, Bitcoin rallied for months straight, surging to fresh highs month in, month out. Historical precedence would suggest the same is about to happen… again. This isn’t the only sign that should have bulls buzzing, if bulls buzz anyway. An analyst going by Mitoshi Kaku noted that the one-month Ichimoku Cloud’s first lead line has crossed above its second for Bitcoin, flipping green for the first time in months. He wrote in a response to the inquiry about the indicator that this “could be the start of something beautiful”, referencing the idea that the Ichimoku Cloud is currently predicting that BTC is soon to enter a long-term bull market.
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In this video, we discuss shoter term and longer term technical analysis on Bitcoin, and we discuss what Bitcoin has in future now that it has crashed and is trading sideways. We use technical indicators to discover a very important decision point on Bitcoin, and we talk about how a $90,000 Bitcoin is possible.
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Ethereum price tested the $285.00-290.00 support area on a few occasions. ETH price is slowly moving higher and it could continue to rise above $305.00 and $310.00.
Ethereum price is trading nicely above the key $285.00 and $290.00 support levels.
ETH/USD surpassed a key bearish trend line with resistance near $298.00 on the 30-minute chart.
The price might continue to rise as long as there is no downside break below $285.00.
According to senior market analyst Mati Greenspan, the growing Bitcoin hash power and daily active addresses are important bullish indicators. The next miniature resistance level for bitcoin is 10,000 USD, but the real FOMO will come once it will surpass the all time-high. Political protests in Hong Kong cause premium on bitcoin’s price, and Binance implementing restrictions for U.S. customers will bring consolidation to the industry.
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Why Did Bitcoin Surge Above $9,000? | Crypto Markets
Bitcoin continues to go up and is now above $8000, where does it go next?
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