Bitcoin [BTC] breaches $8500, Bitcoin Cash [BCH] at $1000 after a positive two hour rally!

The last time Bitcoin [BTC] touched $8500 was on the 26th of March. Today, almost a month later Bitcoin is back to trading at $8500 after a positive two-hour rally. Bitcoin Cash [BCH] gained momentum as well and at press time was trading at $1046 to a token. BITCOIN breaches $8500 – momentum is …

Dan Morehead is the CEO of Pantera Capital, a firm fixated towards Bitcoin and other digital currencies, and corporations operating blockchain technology. Pantera has benefited an average of 25,000 percent during the previous moving averages.

Dan suggests that Bitcoin prices have dwindled to $8,000 since few days indicating a slanted curvature after a series of rises and drops. Dan Morehead, the CEO of Pantera Capital, predicted that BTC price will hit $20,000 in December of 2018, giving green light for buyers.

Bitcoin has been dropping down since mid-January 2018. Morehead added that a market that’s been growing rapidly rarely ever gets below its 200-day moving average. Further indicating that buying Bitcoin at its nethermost value would simply provide high revenue. Pantera capital had received 25,000 percent last December after the prices had dropped last year.

When the MA – Moving average is at high that usually means the market is going to inverse very soon. When the reading is at its lowest, it signals that the market is going to change. The 200 days MA is primarily the aggregate of the closing prices for the last 200 days. Investors and crypto- traders rely on MA as it represents a lift-off, hence providing trading signals.

Twitterati Valerust Kus says that:

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“The moment of truth when a CNBC pundit trying hard to shit on bitcoin claims that it’s correlated to stocks. Pantera Capital replies: correlation = 0.2%. ONLY 0.2% Got it??”

Another Twitterati, John Delirious believes:

“Hey CNBC news how about never post about bitcoin again. You know exactly what you’re doing and how #bitcoin reacts to the news. SMH! Dirty..”

Pantera also reasoned stating:

“To put a little empirical evidence behind the assertion …. Better-than-average day to buy cryptocurrency: if you invested $100 on the day that the bitcoin price crossed below its 200-day moving average and sold a year later, your total return would be 285%. Buy low, sell high.”

Roman Daszkiewicz‏ tweeted:

“It’s been a vertical line for 8 years” Classic! The calm tonality as he rolls that line out it priceless … @CarpeNoctom”

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Bitcoin Cash Price Eyes $1000 Target as Bulls Remain in Control

It is safe to say now is a good time to be involved in cryptocurrencies. With the markets showing a lot of positive momentum as of right now, it will be interesting to see how long this trend can remain in place. If the Bitcoin Cash price is any indication, things will only get better from here on out. Thanks to …

It is safe to say now is a good time to be involved in cryptocurrencies. With the markets showing a lot of positive momentum as of right now, it will be interesting to see how long this trend can remain in place. If the Bitcoin Cash price is any indication, things will only get better from here on out. Thanks to solid gains throughout this week, the Bitcoin Cash price is heading back to $1,000.

Bitcoin Cash Price Momentum Remains Strong

Similar to most other cryptocurrencies on the market, Bitcoin Cash has seen a fair bit of positive momentum in the past few days. With the value rising from $758 all the way to $978.57 in quick succession, it has become rather evident the demand for BCH is not slowing down by any means. Even so, there is a good chance this uptrend will grind to a halt at some point before the gains get too ridiculous.

Thanks to another 10.19% Bitcoin Cash price gain over the past 24 hours, things are looking pretty good This new price increase has pushed the value to nearly $1,000 and it is possible that four-digit price will be reached in the very near future. It will somewhat depend on how the Bitcoin price evolves, as there is a fair bit of resistance forming as we speak.

Bitcoin Cash has also gained 8.49% over Bitcoin itself, which is a rather promising development. Although this gain is lower compared to the actual USD gain for BCH, there is no reason to be concerned just yet. It is only normal Bitcoin gaining in value will effectively shake things up in the altcoin world as well, For now, the Bitcoin Cash price seems to in a good place, although reaching that $1,000 goal will be something to look forward to for all BCH holders.

With $741.726m in 24-hour trading volume, the demand for Bitcoin Cash appears to be growing as we speak. More specifically, the buyers are clearly dominating the market right now, even though we may see a temporary retrace in the very near future. all of these gains will not necessarily remain in place for much longer until the excitement calms down again.

As of right now, Huobi is the leading cryptocurrency exchange for BCH trading. That in itself is a rather surprising development, but also an interesting one. HitBTC is in second place, with Bitfinex lurking in third position. This is not necessarily the order most people would expect to see at this point, but it’s always good to see things play out a bit differently. With just one fiat currency pair in the top five, there is not that much fresh capital entering the market as of right now, though.

For the time being, it remains to be seen what the future will hold for the Bitcoin Cash price. Anything is possible in this industry, and we may very well see a $1,000 price later today. At the same time, it is evident there will be some negative pressure across all markets as well, as things tend to turn around whenever solid gains are materializing. For now, the charts are incredibly fun to watch.

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Bitcoin Cash (BCH/USD) approaches $1000 after another massive gain

The Bitcoin Cash price resumed its advance in today’s early trading, rising to as high as $994.79. This is Bitcoin Cash’s highest price level since March 24, which was the last time the digital coin’s price was seen above $1,000. The Bitcoin price has pulled back in more recent trading and is currently …
Bitcoin Cash (BCH/USD) approaches $1,000 after another massive gain

The Bitcoin Cash price (BCH/USD) has moved closer to the $1,000 mark, after posting double-digit percentage gains over the past 24 hours.

The fourth-largest cryptocurrency had another monster session yesterday, rising to an intraday high of $983.58, according to data from digital currency tracker Coinmarketcap. The digital coin eventually finished the session at $968.64, still significantly higher than its opening price of $890.66.

The Bitcoin Cash price resumed its advance in today’s early trading, rising to as high as $994.79. This is Bitcoin Cash’s highest price level since March 24, which was the last time the digital coin’s price was seen above $1,000. The Bitcoin price has pulled back in more recent trading and is currently trading around $980.

The Bitcoin Cash rally was likely triggered by recent bullish comments made by the chief executive officer of BKCM, Brian Kelly. Earlier this week Kelly told CNBC that he anticipated that Bitcoin Cash might have a breakout looming. Kelly pointed to the coin’s increased volatility in the past month and increased volume as indication of its potential to grow.

“Those are the first things traders look at, that I look at, to say, something might be changing here,” Kelly said. “If we get that breakout, you’re looking at higher moves.”

Meanwhile, some investors are probably raising their interest in the coin ahead of a major hard fork that is expected to take place next month. Scheduled for May 15, the software update will introduce several changes to the BCH protocol, the most notable of which is the increase of the maximum blocksize to 32 MB. Bitcoin Cash currently supports a maximum blocksize of 8 MB, eight times larger than one allowed on the legacy Bitcoin blockchain (BTC).

In today’s trading, the Bitcoin Cash price stood at $979.53, as of 09:48 BST. The digital coin has gained 10.3% in the past 24 hours.

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Crypto market recovery continues as Bitcoin Cash tests $1000 mark

The cryptocurrency market continued its solid recovery on Thursday, with several currencies posting strong recoveries with a few notable exceptions where the price rose exponentially to new monthly highs. Bitcoin Cash continued to perform exceptionally well, shooting up to $960 level and getting …

The cryptocurrency market continued its solid recovery on Thursday, with several currencies posting strong recoveries with a few notable exceptions where the price rose exponentially to new monthly highs.

Bitcoin Cash continued to perform exceptionally well, shooting up to $960 level and getting ready to test the $1,000 mark anytime soon. This could be largely due to the extremely positive comments from several large investors who are betting on the cryptocurrency to continue climbing. It is still some way away from its all-time high of $4,000 established in December, but it has gained well over 40% in just a few days so the momentum appears to be there. Bitcoin Cash is trading at $980 level at press time.

Ripple (XRP) also rose by around 10% to regain the $0.80 mark, a level not seen since early March and which continued to confirm the strength of this innovative crypto currency. Analysts have observed that Ripple might be ready for a bull run where the value reaches $1 in a short period of time and then eventually shoots upwards with lots of positive buzz surrounding the currency

Meanwhile, SegWit-Coin BTC (also referred to as Bitcoin legacy or Core) had a rather staid day and appears to be stuck between the $8,150 and the $8,300 mark with very little movement either way although at least some consistency is observed. Analysts have observed that a breakout could be possible and it could test the $9,000 mark at some point, although volumes do not support that theory just yet. Ethereum continued its slow but steady climb to the $600 mark and was trading at around $560 on Friday morning, whilst its sister currency, Ethereum Classic, also had a relatively good day when it climbed to the $18 level in quite a short space of time looking to test the $20 mark from where a bull run might be expected.

Of the currencies with smaller market cap, Stellar had a somewhat quiet day although it maintained the $0.38 level easily and might be poised for a testing of the $0.40 level, a price not seen since February. NEO was also in somewhat neutral territory but again easily maintained its previous level of around $75 with a push towards $80 not untoward. Dash also remained well over the $420 mark and looks to begin testing the $450 level very soon. Perhaps the slowest mover was Litecoin but its price level of $145-147 could indicate that it was well poised to begin attacking the $150 level.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Bitcoin, Ethereum, Bitcoin Cash, Ripple: Daily Price Analysis and Prediction, April 20

From the previous price analysis, all the cryptocurrencies were trading at a lower price than the current price levels. This means that all major cryptocurrencies have experienced an upside for the last two days. Various corporations have been incorporating Blockchain technology. However, no negative …

From the previous price analysis, all the cryptocurrencies were trading at a lower price than the current price levels. This means that all major cryptocurrencies have experienced an upside for the last two days. Various corporations have been incorporating Blockchain technology. However, no negative news has hit the cryptocurrency markets.

Therefore, let’s find out the current price levels from the price analysis.

Bitcoin BTC

From the start of the week, bitcoin has been involved in an upside. However, sometimes it has been involved in shortly lived downsides. Traders and analysts have seen bullish characteristics in bitcoin. Currently, it has been trading above the $8,000 price level for quite some time now.

Currently, Bitcoin is above the $8,200 price level, and continuous bullish trend might attract more buyers which is an action which would lead to upside. On the other hand, a downside below the $8,000 price level might attract losses to the $7,800 price level. Therefore, traders can add on to their holdings for long-term returns.

Support level: $8,000

Resistance level: $8,400

Ethereum ETH

Ethereum formed a decent support base which was around the $510 price level. However, from the tie, it has been involved in upside and witnessed a high of $560 on April 19. However, as per the current statistics, a slight drop in price to the $554 level has been experienced.

According to the current statistics, Ethereum has been experiencing a bullish trend, and we expect this to continue. We believe that the slight drop is short lived and the cryptocurrency should improve above the $600 price level soon.

Support level: $510

Resistance level: $610

Bitcoin Cash BCH

Bitcoin cash has been experiencing an upside for some time now. This was experienced when it improved close to the $900 price level but was involved in a downside. However, it rallied again above the $900 price level and hit a high of $979. Currently, it has slightly dropped to the $959 price level.

We believe that this is just a short-lived downside. Therefore, Bitcoin cash might experience buying which might push it to the $990 price level. On the downside, crossing the $940 price level might attract losses.

Support level: $940

Resistance level: $990

Ripple XRP

Ripple has been experiencing an upside trend this week. As a result, upside from the $0.65 level saw it attain the $0.75 price level currently. Ripple crossed the $0.66 and also the $0.68 resistance levels to attain the current high.

Therefore, we believe that the bullish trend will continue and this might see it go above the $0.770 price level within some time. However, on the downside, dropping below the $0.70 price level might attract more losses. Therefore, Ripple buying might improve the prices even to the $0.80 price level.

Baseline

According to the price analysis, all cryptocurrencies have attained new highs this week. Therefore, we might experience a continuous trend if buying continues. On the other hand, a sell-off might lead to losses from the current trends in the price analysis.

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