Surging Bitcoin Volume Could Trigger ‘Raging Bull Market’ – Bitcoin, Ethereum, XRP Price Analysis

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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.