Bitcoin’s surging transaction volume could point to a “raging bull market” on the horizon.
Technical analyst The Crypto Dog told his 115,000 followers on Twitter that the volume, if legit and sustainable, has Bitcoin gearing up for a big run.
Either this volume isn't representative of reality (possible, could be wash trading being calculated in here), or we're about to bust out into a raging bull market.$crypto #Bitcoin pic.twitter.com/nT7DplNVYt
— The Crypto Dog? (@TheCryptoDog) March 6, 2019
The crypto markets are increasing yesterday’s big gains, with Bitcoin up 0.88% at $3,883 at time of publishing. Ethereum is up 2.75% at $138, XRP is up 2.17% at $0.3205 and Litecoin is up 6.07% at $55.33.
Technical analysts are eyeing the potential for Bitcoin to break through $4,000, with some renewed optimism on the short-term potential for Ethereum and XRP.
Bitcoin
CoinDesk – Bitcoin Eyes $4K After Erasing Monday’s Price Losses
FXStreet – Bitcoin bulls gunning for big wedge breakout
NewsBTC – BTC rally could extend above $4,000 and $4,200
Ethereum
Cointelegraph – Ethereum critical overhead resistance at $167.32
NewsBTC – Real bounce in ETH or just rebound?
CryptoVibes – Ascending wedge pattern brings bullish sentiments
XRP
Blockonomi – Key reversal suggests more upsides
Coinspeaker – Potential for a bullish breakout in XRP
FXStreet – Next resistance level is at $0.3280
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