Bitcoin Eyes Short-Term Bullish Setup – BTC, XRP, Ethereum, Litecoin Price Analysis

After once again shooting past $4,000, Bitcoin bulls are hoping to jump start a new rally.

Analyst Omkar Godbole at CoinDesk says BTC needs to stay above its recent high of $4,055 to “revive the short-term bullish setup,” which could trigger a run to around $4,200.

“While the bearish case has weakened, the short-term bullish view put forward by the long-tailed doji created on Feb. 27 would only be revived if there is a strong follow-through to the rebound from the 30-day MA support, preferably a break above the recent high of $4,055 hit on March 21.”

Right now, Bitcoin is up 0.98% at $4,037. Ethereum is also up 0.98% at $138.50, XRP is up 0.37% at $0.3089 and Litecoin is up 1.17% at $60.59.

Overall, technical analysts are watching for a serious and sustained breakout for Bitcoin, Ethereum, XRP and Litecoin.

Bitcoin

FXStreet – Another false Bitcoin breakthrough?

NewsBTC – Bitcoin dips remain attractive to buyers

Cointelegraph – Traders can hold long positions with a stop loss of $3,500

Ethereum

ETHNews – Ether Jumps Into Bullish Trend

FXStreet – $140.00 remains unconquered

NewsBTC – ETH Bullish Case For Breakout Above $140

XRP

FXStreet – XRP/USD reversal on the cards

NewsBTC – XRP could consolidate before fresh increase

Litecoin

Cointelegraph – Negative divergence on RSI a red flag

FXStreet – LTC/USD must hold above $57 for big gains north

 

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