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Crypto Pump or Weekend Dump? Bitcoin, Ethereum, XRP Price Analysis

by Daily Hodl Staff
March 8, 2019
in Trading

Bitcoin is slowly crawling its way toward $4,000, up 0.99% to $3,924 at time of publishing. The crypto market at large is mixed, with Ethereum up 0.21% at $137.14 and XRP down 0.57% at $0.3140.

Source: Coin360

Twitter’s The Crypto Dog dropped a cheat sheet outlining some bullish news in the crypto space, calling out Fidelity’s crypto custody platform, Bakkt’s plan to bring Bitcoin to Starbucks and Jack Dorsey’s BTC buying habits as cause for optimism.

https://twitter.com/TheCryptoDog/status/1103449073724592134

Twitter’s planB is comparing Bitcoin’s recent price action and low volatility to the start of 2015’s bull market.

https://twitter.com/100trillionUSD/status/1103988093793783809

SalsaTekila, however, told his 18,000 followers he’s decidedly more bearish in the near term.

https://twitter.com/SalsaTekila/status/1103400943671013384

Overall, technical analysts remain bullish on Bitcoin as the weekend approaches, with XRP and Ethereum at a crucial crossroads.

Bitcoin

CoinDesk – Bitcoin struggles to pass price hurdle but bull outlook intact

NewsBTC – Bullish break above $4,000 looming

Blockonomi  – Next resistance is near $4,025

Ethereum

Coinnounce – If support around $134 is broken, price could turn bearish

FXStreet – ETH/USD heading into a pivotal trend defining zone

ETHNews – Currently consolidating below the $140.00 resistance

XRP

FXStreet – XRP/USD defends $0.31 support; more breakdown looms

CoinCodex – Flood gates may open if ripple breaks above $0.33

NewsBTC – XRP at major crossroads but 100 SMA holds key

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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 losses 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.
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Bitcoin
$108,301.02
$108,301.02
1.39%
Ethereum
$2,509.37
$2,509.37
0.16%
BNB
$671.03
$671.03
3.3%
Solana
$170.08
$170.08
1%
XRP
$2.38
$2.38
1.08%

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