Right now, the altcoin market is rising with Bitcoin slowly making its way toward $10,400.
According to COIN360, EOS is rising the most out of the top 10 coins by market cap, up 8.36% at $4.02 at time of publishing.
Bitcoin is up 1.45% at $10,385, Ethereum is up 5.17% at $187.70, XRP is up 2.83% at $0.2627 and Litecoin is up 4.98% at $71.08.
CoinDesk analyst Omkar Godbole says he’s watching one key indicator that could signal the next meteoric Bitcoin rally.
“With history repeating itself, there is a strong reason to believe that the bullish crossover of the 50- and 100-week MAs, if and when, confirmed, could mark the beginning of a meteoric rise well above $20,000.
Currently, the 50- and 100-week MAs are located at $6,556 and $7,668, respectively.”
Here’s a look at the latest forecasts from across the cryptoverse.
Bitcoin
CoinDesk – Bitcoin price indicator may signal next leg higher
NewsBTC – More than half of Bitcoin investors expect triangle breakout
Ethereum
Crypto Daily – Technical support expected around $172.88 with resistance at $188.38
XRP
FXStreet – Technical picture introduces an element of indecision in the market
Litecoin
FX Empire – LTC needs to hold support at $68.60 level
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