Bitcoin (BTC) Hits $8,600, And Everyone Is Overjoyed

Bitcoin (BTC) Hits $8,600, And Everyone Is Overjoyed
фото показано с : ethereumworldnews.com

2019-5-27 23:54

Bitcoin Breaks Past $8,400 In A Spectacular Fashion

And just like that, Bitcoin (BTC) has broken out at last. In the past hour, the cryptocurrency has surged by approximately 7%, moving from $8,050 to $8,620 in a rapid move to the upside, passing resistances like they were nothing more than soggy pieces of parchment paper. The chart seen below sums the recent move up pretty well: a massive buying surge out of left field that pushed BTC beyond what many expected.

With this move, much of the cryptocurrency community have taken to Twitter to issue classic “I told you so” quips and cheery comments of a similar sort. Quips aside, this move marks a monumental point in the current market cycle. As Josh Olszewicz of Brave New Coin notes, BTC just broke above an ascending triangle, which was situated at a yearly pivot ($8,400). If Bitcoin closes above $8,400 on the daily or weekly resolution, it may suggest that this market could be poised to head even higher.

1D $BTC

asc tri breakout above yearly pivot

sry bears pic.twitter.com/aDLZmZR8Ih

— Josh Olszewicz (@CarpeNoctom) May 26, 2019 Ethereum Looks To Replicate Bitcoin’s Success

Interestingly, Ethereum and other altcoins didn’t replicate Bitcoin’s sudden spike to the upside. In fact, with this move, most popular altcoins, including Ethereum, Litecoin, and Binance Coin, lost traction against BTC. But, one analyst, who goes by “Mr. TA” suggests that Ethereum may soon break out alongside BTC. He explained that if the asset gets above $261 and $274, $300 will be inbound.

ETH looking to break out along with BTC

Get over 261 and then 274 is the next big hurdle to overcome in my opinion before 300 pic.twitter.com/XkaeTQW2Yu

— Mr. TA (@Trader_M4tt) May 26, 2019 What’s Next?

After this move, many took to Twitter to postulate what’s next for the cryptocurrency market. According to popular analyst Galaxy, Bitcoin may soon see $11,000; Ethereum, $400. Of course, this is baseless speculation. Yet, considering the current dynamics in this nascent market, it wouldn’t be all too shocking to see digital assets continue to post jaw-dropping gains into late-May and early-June. The question is — where and when will the party end?

$BTC 11K$ETH $400

Wen?
Soon ™

— Galaxy (@galaxyBTC) May 26, 2019 Title Image Courtesy of Samuel Zeller Via Unsplash

The post Bitcoin (BTC) Hits $8,600, And Everyone Is Overjoyed appeared first on Ethereum World News.

origin »

Bitcoin (BTC) на Currencies.ru

$ 96551.68 (+0.00%)
Объем 24H $17.298b
Изменеия 24h: 0.23 %, 7d: -1.08 %
Cегодня L: $96536.88 - H: $96670.7
Капитализация $1914.413b Rank 1
Цена в час новости $ 8688.33 (1011.28%)

bitcoin btc past hits everyone overjoyed 050

bitcoin btc → Результатов: 126


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


Фото:

El Salvador rings in Christmas 2024 with a Bitcoin twist

El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024, the country purchased an additional 11 Bitcoin (BTC), valued at over $1 million, pushing its total reserves to nearly 6,000 BTC. This comes on the […]

2024-12-24 17:26


Фото:

Bitcoin Rally Set To Extend? Expert Foresees A $110,000 Price Target For BTC

The general cryptocurrency community is brewing with excitement and optimism following Bitcoin’s rally to a new all-time high on Monday. Despite the significant price growth, there are speculations that the uptrend may not be ending anytime soon, suggesting BTC’s potential for more increases to higher levels or milestones. Next Big Milestone For Bitcoin On The […]

2024-12-17 17:30