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

Crypto Analyst Says Key Indicator Signals Bitcoin Rally to All-Time High – BTC, ETH, XRP, LTC, BCH, ADA, TRX Forecasts

by Daily Hodl Staff
September 4, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

The most popular crypto analyst on YouTube says Bitcoin is poised to return to its all-time high of $20,000.

On a new episode of DataDash, Nicholas Merten says the 21-week moving average is repeatedly matching up with the price of BTC. It’s a pattern that happened multiple times throughout Bitcoin’s last big rally from 2016 through January of 2018.

“The 21-week is doing exactly what we hoped it would do, which is basically getting close to or making contact with price. Price has pushed sideways. It has made solid support after a very quick and fast and strong rally.

We’ve needed this summer of sideways price action. I know it hasn’t been exciting, guys. We’re exiting this summer. It’s been almost three months and price hasn’t moved that much. But this was very important because historically speaking, the 21-week is a key support level for cryptocurrencies and their rallies…

So the fact that we’re doing this shows a good sign that we’re repeating history, and we’re setting up for the next cycle. The hope here would be that we hold on this moving average. If it dips, I would like those kind of buy opportunities. But at the same time, it is very good chart-wise. What was originally looking like a very shaky chart a month or two ago is now looking actually quite healthy and understandable, even on a logarithmic chart or on a linear chart…

ADVERTISEMENT

I’m not going to try to fight against the trend. The trend has obviously proven itself, and it’s saying it’s ready to get back up to $20,000 and probably rally to new highs and start a new cycle.”

Right now, Bitcoin is up 0.08% at $10,646 according to COIN360, at time of publishing.

Ethereum is down 1.27% at $177.64, XRP is down 0.75% at $0.2599 and Litecoin is down 1.22% at $67.99.

Source: COIN360

FX Street analyst John Isige says BTC is “taking a breather” before testing $11,000.

“Bitcoin price is held hostage between support and resistance areas at $10,559 and $10,669 respectively.

ADVERTISEMENT

Correction above the first resistance at $10,669 is likely to pave the way for a remarkable move above $11,000.”

Here’s a look at the latest analysis from across the cryptoverse.

Bitcoin

FXStreet – BTC/USD takes a breather as it eyes levels above $11,000

Bitcoinist – 2019 Monthly lows show next Bitcoin bull market will be stronger

Ethereum

Coin Rivet – Upside move may pause before attempting to push higher

XRP

NewsBTC – XRP sighting upside break, dips remain supported

Litecoin, Bitcoin Cash, Cardano, Tron

FXStreet – LTC/USD recovery capped by $70.00

NewsBTC – Crypto market grinding higher: LTC, BCH, ADA, TRX analysis

ADVERTISEMENT
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

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • 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
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,408.00
$48,408.00
0.26%
Ethereum
$1,606.13
$1,606.13
6.6%
Binance Coin
$225.90
$225.90
0.52%
Polkadot
$33.39
$33.39
1.12%
Cardano
$1.12
$1.12
3.49%
XRP
$0.460747
$0.460747
0.52%
ADVERTISEMENT

Spotlight

  • Google Spotlights Bitcoin, Ethereum and Litecoin in New Finance Crypto Section
    March 2, 2021
  • Billionaire Mark Cuban Says Crypto Is About To Change How All Businesses Work – Here’s How
    February 27, 2021
  • Whales Are Preparing for Bitcoin and Ethereum Rallies As Four Altcoins Outperform the Market: Santiment
    March 4, 2021
  • Crypto Giant Grayscale Exploring Support for Nearly Two Dozen Altcoins – Here’s a Look at the List
    March 1, 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.