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‘Stars Aligning’ for 2019 Bitcoin Bull Run, Says Crypto Analyst – BTC, XRP, Ethereum, Litecoin Forecast

by Daily Hodl Staff
April 25, 2019
in Trading

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Bitcoin is gearing up for a big rally in 2019, according to eToro analyst Simon Peters.

In a new interview with The Independent, Peters says BTC’s recent golden cross is a major signal that Bitcoin has already hit a bottom and the bear market is ending.

“The stars are aligning for a bitcoin bull run. The short-term moving average for the price of bitcoin has finally moved above the longer-term average, which is often referred to as a golden cross, so investors are starting to believe that we might just be approaching a new phase for the price of Bitcoin.

According to Peters, the $6,000 mark is the next crucial line for Bitcoin to cross. If it breaks the barrier, he believes Bitcoin will surpass $14,000 this year.

Right now, the overall crypto market is mixed, with Bitcoin up 0.84% at $5,437, according to Coin360. Ethereum is up 0.93% at $164.04, and XRP is up 1.39% at $0.3032.

Source: Coin360

In the short term, CoinDesk’s Omkar Godbole says Bitcoin is facing further losses and risks dropping below $5,000 in the coming days.

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Technical analysts across the board are watching for Bitcoin’s next move, with mixed signals on Ethereum, XRP and Litecoin.

Bitcoin

FXStreet – BTC/USD stuck in a narrow range amid market consolidation

Blockonomi – Bitcoin correcting after highs, holding key resistance

Ethereum

Coinspeaker – ETH/USD is expected to bounce at $159

NewsBTC – Ethereum facing one last dip before move to the upside

XRP

CryptoGlobe – Bullish momentum for XRP in the short and medium-term trend

Crypto Briefing – XRP has a bearish short-term trading bias

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Litecoin

CoinCodex – Golden cross a sign of a bullish dominance for LTC

BitcoinerX – Litecoin still in correction mode as it retreats from the recent highs

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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 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.
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