Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)
Related Reading: Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So
While this is a decidedly bullish sign in the long term, with this signal preceding the 1,000%+ rally seen between 2016 and the end of 2017, a number of leading analysts have remarked that Bitcoin is still susceptible to one final downturn before an eventual return to the macro uptrend.
Bitcoin Poised to Return to $5,000 Before Breakout
Former Wall Street trader turned Bitcoin analyst Tone Vays recently sat down with BlockTV, an industry media outlet, to talk his price outlook for the cryptocurrency market heading into 2020.
While Vays has started to show signs of optimism, he remarked that he still expects for BTC to see the “next low to come in [during] the first quarter of 2020.” As to where this low in the cryptocurrency market will come in, the long-time cryptocurrency trader looked to the $5,000s, claiming that there’s a high probability Bitcoin will enter that range to put in a fresh low.
(While the trader is currently short-term bearish, he remarked in another interview with BlockTV that he thinks Bitcoin could hit $50,000 by 2023.)
#WEEKINREVIEW: "I think we could have a little bit of a rally into the close, but I'm not really expecting anything above $8,000 any time soon. I'm looking for the next low to come in in the first quarter of 2020." – @ToneVays.
See Tone's full analysis: https://t.co/jhKiJ3gUWw pic.twitter.com/Wiz3A3irND
— BLOCKTV (@BLOCKTVnews) December 27, 2019
Vays Isn’t Alone In Saying So
It isn’t only Vays that is eyeing the $5,000s as a potential final bottom for Bitcoin before a return to a bull phase.
CryptoBirb, a strong proponent of the positive effects the aforementioned golden cross will have, recently noted that Bitcoin still has the potential to see one final dump to $5,400-$5,600 — 23% lower than the current price of $7,150. This coincides with the long-term 0.786 Fibonacci Retracement level.
This was echoed nearly exactly by both BitcoinEconomics and Jacob Canfield, who recently looked to the sentiment that BTC is likely going to see one more shakeout prior to a return to the bull trend.
There’s also a simple observation from trader Mac, who remarked that the low-$5,000s will be a macro bottom for Bitcoin due to a confluence of technical levels in that region: the double-month volume-weighted average price, a “price inefficiency fill” level, and the 200-week moving average.
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Bitcoin, XRP, and Ethereum — three of the cryptocurrency market’s most dominant coins — are about to simultaneously form a 3-day golden cross. This signal is rare, happening only a handful of times in the past in each individual asset.
Bitcoin is re-entering its golden hour, and the futures market is in awe.
On February 18, Bitcoin's bullish rally of 2020 was set in stone, with the cryptocurrency realizing its Golden Cross.
Bitcoin, The Best Store of Value? For the longest time, Bitcoin pioneers have been pushing the cryptocurrency as an alternative to the United States Dollar and other fiat monies. While many technologists and prominent investors, even Elon.
Bitcoin bulls are spreading fake news about a golden asteroid that will make every earthling a billionaire, says Peter Schiff of Euro Pacific Capital. The chief executive officer said on Saturday that 16 Psyche, one of the ten most cumbersome asteroids in the asteroid belt, does not necessarily have gold deposits, as being covered by.
XRP, the third largest altcoin in the market, has once again come to the fore and is now on the verge of a massive upswing mirroring the bullish rise of Bitcoin [BTC]. On the back of the recent price push, the altcoin has entered its Golden Cross.
The aggregated crypto markets have been firmly locked in an upwards trend over the past several weeks, mainly due to Bitcoin’s series of surges that brought it from recent lows of roughly $4,000 to highs of $8,400.
At long last, Bitcoin (BTC), in the eyes of many investors and analysts, is finally in a “bull market”. As Fundstrat’s Tom Lee noted in a recent tweet, BTC rebounding by $1,800 off the Bitstamp crash, the Misery Index passing 89, growth in on-chain transactions and volumes, and Bitcoin’s chart forming a golden cross are.
Dutch Investigators Take Man In Custody For Bitcoin Mining Fraud Crypto popularity and adoption rates are increasing almost every day. Since the crypto space is decentralized, fraudsters and scammers see a golden opportunity to make some coin.
On the back of the most successful week for XRP, the second largest altcoin in the market has broken, what could be equated to the first inkling of the Bitcoin [BTC] bull run. Following Coinbase’s greenlight to its New York customer to engage in XRP trading, the altcoin shattered its 200-day moving average.
With Bitcoin crossing $8,000 and with Consensus bulls on the horizon, BTC’s bullish swing has well and truly begun. From entering the famed Golden Cross to increasing dominance to over 60 percent, the market is in a firm upswing.
Bitcoin may be the best performing financial asset in 2018, Bitcoin may have seen a massive 50 percent growth in 2019 alone, Bitcoin may have broken multiple resistance levels, entered the Golden Cross and initiated its bull run, but it certainly doesn’t compare to this.
Delphi Digital has returned with another installment of its unspent transaction output (UTXO) reports. Recalling its report from January of this year, the research firm says bitcoin’s market cycle is right on track.
Origin Kebabs, an Ozzie favorite fast food chain, is now accepting bitcoin payments and even support lightning payments. But will people really want to use their digital gold to buy kebabs? The Dutch Proved That Bitcoin Is for HODLing Despite forming its first golden cross since its 2015 bottom, Bitcoin may not be out of the woods yet.
Bitcoin bulls and bears alike are watching the recent price action like a hawk ready to strike at the first sign of opportunity. Thus far, bulls have been winning the recent battles and appear to be regaining control.
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.
Bitcoin’s price has pulled back right after the crypto’s charts drew the Golden Cross, something that has left some people confused. Many crypto experts have been all bullish and expressing a lot of optimism for Bitcoin’s impending bull run.
The Golden Cross theory seems to have sent every crypto-enthusiast into a tizzy. Ethereum also exhibited the Golden Cross, which usually indicates a change in price trends. In light of the prevailing the bear market, the cryptoverse on Twitter speculates that this could be the start of a bull run.
Bitcoin has been pumping continuously since its December 2018 lows, leading many people to believe that the much-awaited bull run has begun. Lending more credibility to this was the occurrence of the Golden Cross on April 23, 2019.
Ethereum has failed to follow up with a strong price performance since forming its golden cross on the daily chart. The golden cross took place approximately one week ago where the 50 SMA (in yellow) crossed the 200 SMA (in black) to the upside.
Bitcoin Sees Golden Cross At Last At long last, Bitcoin (BTC) has printed a golden cross on its one-day chart, whereas its 50-day moving average has crossed over its 200-day, signifying that bears might be.
The crypto winter might be over. Bitcoin (BTC), the pioneer cryptocurrency, has formed its first golden cross since Oct. 27, 2015, marking a pivot point for the entire market. Explaining the Terms Before going into details, it is necessary to explain the three primary indicators in this analysis: the moving average, golden cross, and death […]
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Up by 4. 54 percent in the past 24-hours, Bitcoin today surged past $5,600, going to $5,616 at one point on Bitstamp. Since then it has taken a drop as at the time of writing, BTC has been trading at $5,543.
Nothing in this article is to be construed as investment advice. Neither the author nor the publication assumes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.
For the first time since 2015, the Bitcoin price action has formed a “golden cross” pattern providing yet another signal that BTC is in a bull market. It also broke through the $5,600 price mark, setting a new 2019 high.
Bitcoin’s much-awaited Golden Cross, which many analysts claimed will lead to a resurgence of a bullish market, has been confirmed. The intersection of the 200-day moving average and 50-day moving average, which indicates the Golden Cross, was achieved over the past few hours.
Bitcoin has risen by 5% from $5,200 to $5,600 with the biggest and oldest cryptocurrency handling some $16 billion in total trading volumes for the past 24 hours. Its market...
A golden cross has formed in market leader Bitcoin today as the 50 SMA (in yellow) crossed the 200 SMA (in black) to the upside. Such a pattern is often considered extremely bullish and may spur more buyers to the market.
The battle between Bitcoin bulls and bears rages on and the former have the upper hand at the moment. As BTC grinds ever higher those short positions which have loaded up may start to get exposed which could lead to liquidation.
For the past seven days Bitcoin has been slowly grinding higher and recording higher lows. The trend has clearly been ascending and current bullish price formations, plus the imminent ‘golden cross’, indicate higher moves could.
Bitcoin To Soon See Long-Awaited Golden Cross Ever since Bitcoin (BTC) began to stagnate last week, trading between $5,100 and $5,300 with no clear breakout, investors and analysts have been looking for technical signals to.
The entire bitcoin trading community is holding its breath for a crucial bullish signal known as the Golden Cross. It started on April 2 when the bitcoin price – at last – broke above a stringent resistance area and surged 23 percent in a day.
After losing its major upwards momentum roughly ten days ago when Bitcoin failed to break above $5,400, BTC has been able to hold steady above $5,000 and has tepidly clawed its way upwards towards $5,300.
The price of Ethereum has already doubled since its 2018 low in December. A golden cross has been confirmed for Ethereum today, a signal which some traders believe to be extremely bullish for future price prospects.
With Bitcoin price having made such impressive gains so far in 2019, let’s take a look to see what is likely to happen next. Bitcoin Price: Weekly Chart Bitcoin price closed the week at $5162 having established new 2019 highs at $5478.
Bitcoin (BTC) remains above $5,000 after a few days in which the digital asset fell around 8%. Bitcoin moved from $5,400 down to $4,950 for a short period of time. This was a very important retracement for the crypto space.
The crypto markets have been able to halt their downwards descent, finding relatively strong levels of support slightly below their current price levels. Bitcoin (BTC) – which recently dropped into the $4,900 region after quickly advancing to $5,400 – has established its recent lows as a region of support and has since been able to.
Bitcoin has been able to continue inching higher after dropping below $5,200 earlier today, and is now approaching $5,300, which appears to be a slight level of resistance for the cryptocurrency. BTC’s upwards ascent has continued to allow many major altcoins to surge, with many cryptos trading up over 2% today.
With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $4,000 and $6,000 for a few more months.
Bulls finally got the better of stubborn bears as they smashed the $4,200 resistance level to see a sharp 20% Bitcoin price increase. The surge occurred at 07:00 UTC+1 on April 2 and managed to reach $5,000, marking the flagship cryptocurrency’s highest level in 2019.
The cryptocurrency sector may still be in a bearish phase, but the state-sponsored North Korean hacking group Lazarus remains absurdly bullish on the bitcoin industry – at least if its continued focus on the sector is anything to go by.
The silver counter-part to the golden coin – Bitcoin BTC: Litecoin LTC ranked fourth largest by coinmarketcap is definitely appreciating the same or even more rise of value during the first three months of 2019.
Bitcoin and crypto trading guru Tone Vays has said that the flagship cryptocurrency may have reached its price floor. If so, he advocates for investors to buy now for long-term holding. Vays’ Tweets Reflect Optimism The notion of buying on dips as a tried-and-true investment strategy dates back generations.
Coinspeaker Bitcoin Price Will Beat Dow Jones to 40,000, Tom Lee PredictsTom Lee, Fundstrat's chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000.
Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction.
