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

Follow us on Facebook            Join us on Telegram            Follow us on Twitter

Check Latest News Headlines

ADVERTISEMENT

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.