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May 8, 2019

Crypto Analysts: Key Indicator Extremely Bullish for Bitcoin – BTC, Ethereum, XRP, Litecoin, Binance Coin, Cardano, Bitcoin Cash, EOS, Tron Forecasts

By Daily Hodl Staff

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Crypto analyst and economist Alex Krüger says Bitcoin’s stability in the aftermath of the newly revealed Binance hack proves Bitcoin is no longer in a bear market.

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Fundstrat analyst Tom Lee responded to Krüger with an image of a bull lifting a car, suggesting we’re now in “a certain type of market.”

Krüger is also highlighting BTC’s overall reaction to recent negative events in the news, highlighting the fact that crypto traders no longer seem to be deterred by the headlines.

Right now, the crypto market is mixed. Bitcoin is up 0.81% at $5,875. Ethereum is down 0.77% at $168.27, and XRP is up 0.50% at $0.2999.

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Source: Coin360

Technical analysts at large are watching Bitcoin’s push to pass $6K and debating whether altcoins can keep up.

Bitcoin

CoinDeskBitcoin remains on track for break above $6,000

BitcoinistBitcoin rally will continue, bullish weekly RSI suggests

Live Bitcoin NewsBTC in strong uptrend above $5,700

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Ethereum

FXStreetETH/USD commences fresh consolidation

Blockonomi Bearish trend line forming with resistance near $181

XRP

FXStreetXRP/USD bulls going for retest of the broken wedge structure

NewsBTCXRP unresponsive, lagging and consolidating above 30 cents

Litecoin

Crypto Daily Selling pressure may see LTC/USD test important technical levels

FXStreet LTC/USD breaching critical ascending trend line of support

Bitcoin Cash, Binance Coin, EOS, Tron, Cardano

NewsBTC Crypto market testing key support: BCH, BNB, EOS, TRX analysis

Cryptovest ADA further away from $0.07, downtrend likely to continue

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