Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bloomberg Indicator Shows New Bitcoin Buying Trend As Crypto Bulls Push BTC Price to 2019 All-Time High

by Daily Hodl Staff
April 1, 2019
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Bitcoin is currently trading at $4,155, according to data compiled by Messari, its highest level so far this year. BTC reached a previous high of $4,023 on January 7th. Bitcoin’s climb follows a long crypto winter that has extended the bear market and sideways trading, wedging BTC’s price between $3,217 and $4,000 since mid December.

Bitcoin is trading above $4,150 across major aggregators including CoinMarketCap and CoinGecko, and at $4,231 on WorldCoinIndex.

According to Bloomberg, a key indicator is flashing green.

“The move upward has opened a new buying trend, according to the GTI VERA Convergence Divergence Indicator, a tool used by traders who look at price history to predict future direction. The measure suggests it could see further upside, the last buy signal was triggered, it resulted in a 17 percent rally in under two months.”

Bitcoin’s 30-day volatility continues to sink.

“The digital token’s comeback has been so gradual that its 30-day volatility has sunk almost to levels last seen before the 2017 cryptocurrency mania, when it bounded close to $20,000 and grabbed worldwide attention.”

Source: Coin360

Traders largely ignored the US Securities and Exchange Commission’s move last week to delay decisions on two separate proposals for a Bitcoin exchange-traded fund from VanEck/SolidX and Bitwise Asset Management. An approval would have made either of the proposals the first fully regulated Bitcoin ETF, giving the world’s largest cryptocurrency the kind of legitimacy some analysts believe is necessary to bring in institutional investors.

But the markets dismissed the Commission’s decisions and lit a broader crypto rally with Dash, XRP and Ethereum all on the rebound.

Litecoin, currently trading at $60.54, has doubled in the first quarter of 2019.

Traders are now watching Bitcoin’s daily, weekly, monthly and Q1 close.

Pay attention to all your favorite shit coins.. Also pay attention to $BTC #BTC.. The Q1, Monthly, Weekly and Daily close all land on the same day (1st April). Where they close mattes. #AltSeasonIsHere #ProtectCapitalhttps://t.co/8INGfJjSkR pic.twitter.com/O0bo35Q8ml

— Trader Troy (@tradertroy888) March 26, 2019

According to crypto analyst and Bitcoinist contributor Filb Filb, Bitcoin bulls are gearing up for a run, as the market consistently tries to establish a bottom.

“Bitcoin price completed the close of the Daily, Weekly, Monthly and Q1 in the green.”

“The Daily Chart for Bitcoin price paints an overall positive picture for the bulls. The previous week’s bear blockade at $4050, which was the task at hand for the bulls, was ultimately overcome last Friday.”

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.
Submit a Press Release

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,163.00
$48,163.00
2.35%
Ethereum
$1,494.68
$1,494.68
3.86%
Binance Coin
$226.04
$226.04
4.16%
Polkadot
$33.16
$33.16
6.83%
Cardano
$1.14
$1.14
0.76%
XRP
$0.462357
$0.462357
2.58%
ADVERTISEMENT

Spotlight

  • Top Analyst Warns Bitcoin at Last Line of Defense – Here Are the Crucial Levels To Watch
    February 27, 2021
  • New Business Opportunities Are Ushering in the Next Big Wave of NFTs – Forecast for 2021
    March 3, 2021
  • This Highly Misunderstood Altcoin Is Set To Explode, Says Crypto Trader Tyler Swope
    March 1, 2021
  • Top Ripple Executives Asking Federal Judge To Dismiss SEC Lawsuit
    March 5, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.