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.
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.
How to shut up a #Bitcoin Bear ??
• @DigitalAssets on the way ?
• @Bakkt coming up ? @Starbucks ??
• @jack is buying $10k a week ?
• Argentina investing ??
• $BTC usually reverses ~85% ?? from ATH ??
• Volume up across the board ?
• Everything @binance is doing ?— The Crypto Dog? (@TheCryptoDog) March 7, 2019
Twitter’s planB is comparing Bitcoin’s recent price action and low volatility to the start of 2015’s bull market.
1) #bitcoin bull market chart update. Difference between geometric and arithmetic mean becomes smaller, indicating that we have entered a low volatility period, which is quite similar to the start of the bull market late 2015. pic.twitter.com/JKPSkqzHyW
— PlanB (@100trillionUSD) March 8, 2019
SalsaTekila, however, told his 18,000 followers he’s decidedly more bearish in the near term.
/12 Remapped my chart, the most logical target in terms of liquidity would be below 3330$, which is the current 2019 low.$BTC pic.twitter.com/VgHACPwGDW
— SalsaTekila (JUL) (@SalsaTekila) March 6, 2019
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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