Daily Crypto Analysis and Prediction: An upward price rally looms after a bearish run for BTC and ETH

2019-3-13 18:48

Summary

A Bull Run is looking likely after a protracted bearish rally for the various cryptos. Over the last 24 hours, both Ethereum and Bitcoin lost negligibly with all indicators pointing towards better prices in the coming days. Today’s focus coins performed as follows:

Bitcoin has been moving up despite an overall bearish outlook. It is down by 0.5% and is currently trading at $3862. Ethereum has been overcome by a downtrend and is down by 1% (0.96%) over the last 24 hours. Bitcoin (BTC/USD)

The most popular coin by market capitalization figures began the day trading at $3870 and is now at $3862. This translates to a 0.5% dip in its value. The bearish rally was also reflected in the market (A) as well as in both Moving Averages (B and C).

In the markets, investor sentiments rose slightly before embarking on a steady flow. This is perhaps owing to BTC’s inability to break past the $4000 mark. Resistance has strongly held at $3880 with very few attempts at breaching the said resistance zone.

On the other hand, support has been bettered. It moved up from $3809 to $3839 which shows a strong price consolidation at around the $3800 mark.

Among investors, sentiments are high with most of them looking to buy the dip in anticipation for better prices.

Forecast

At the moment, the long term moving average (C) – 30 day EMA is above the short term Moving Average (B) – 9 day EMA. Also, the 30 day EMA has dominantly been on top which signals a strong bearish outlook in the coming days.

However, if the Bulls can up their momentum, the bearish rally may be overcome seeing that the two EMAs are tending towards each other in a contracting triangular pattern which shows an impending Bull Run.

Ethereum (ETH/USD)

Over the last 24 hours, the ETH/USD pair is down by 0.85%, having started off selling at $131.01 against the current $130.27. The effect of this drop has been a dip in investor sentiments as seen in the RSI (A). It is near the ‘oversold’ area (70) more than the ‘undersold’ area (30). This means investors are increasingly preferring to sell off their holdings as opposed to HODLing them for better prices.

Forecast

The 9 day EMA (C) is upward facing while the 30 day EMA (B) is headed down. The two form a contracting triangular pattern between them which indicates a Bull Run in the coming days.

The post Daily Crypto Analysis and Prediction: An upward price rally looms after a bearish run for BTC and ETH appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97266.13 (+0.10%)
Объем 24H $96.88b
Изменеия 24h: 2.98 %, 7d: 6.58 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1924.447b Rank 1
Цена в час новости $ 3907.65 (2389.12%)

bearish rally run daily eth btc bitcoin

Источник: zycrypto.com

bearish rally → Результатов: 78


Фото:

Ethereum Price Analysis: ETH Turns Bearish as Constantinople Upgrade Looms

Is the Ethereum price tumble from $165 the result of a strong rejection at a crucial resistance or simply ETH and BTC longs unwinding after an impressive weekend rally? 1-Hour Chart ETH tumbled after tackling the $165 resistance but the abrupt correction throughout the market appears to have been the primary reason for stopping its advance to $170.

2019-2-26 10:00


Фото:

Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above.

2019-2-26 02:42


Newsflash: Sunday Crypto Bloodbath Sees $11 Billion Wipeout Within Minutes

On February 24, following an impressive short-term rally from February 21 to 23, the valuation of the crypto market plunged by $11 billion from $141 billion to $130 billion. Several analysts have suggested that the inability of Bitcoin to break out of the $4,200 mark, a crucial resistance level for the dominant cryptocurrency, led most crypto assets to retrace.

2019-2-24 18:25


Фото:

Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


Фото:

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months.

2019-2-20 01:38


Фото:

Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place.

2019-2-15 00:21


Фото:

Institutional Investments in Cryptocurrency Continue to Rise in 2018, Posts 952% Growth in 22 Months

Aside from the increasing adoption of cryptocurrencies, experts believe that the entry of institutional investors into the space is another factor that could push the market into a rally. Surprisingly, January’s massive correction and the market’s bearish sentiment since then have not deterred the institutional crowd – investments actually rose in 2018 despite the depressed […] Institutional Investments in Cryptocurrency Continue to Rise in 2018, Posts 952% Growth in 22 Months was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-7 17:29


дальше еще 29 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Michael Saylor Sets Audacious $49 Million Bitcoin Price Target – Details

The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week. While the crypto market leader attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency.

The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000

The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism.

NEAR Skyrockets Nearly 30% – Investors Intrigued By These Metrics

NEAR has consistently followed the market trend since the start of the year. The latest market data shows the token is up nearly 30% bi-weekly. This is evidence that investors are still hyped by the recent growth featured within the broader market and the recent developments on the NEAR Protocol.

Crypto Market Expert Identifies The Trigger For 600% Bitcoin Price Surge

In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price.   Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price.