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The crypto markets are a sea of green, with every digital asset in the top 10 coins by market cap in positive territory.
Bitcoin is up 7.22% at $11,725 according to COIN360 at time of publishing.
Ethereum is up 5.05% at $231.98, XRP is up 0.99% at $0.3210 and Litecoin is up 5.63% at $97.83.
CoinDesk analyst Omkar Godbole says BTC is now likely to test resistance at $12,030.
“BTC’s move above the bearish lower-high of $11,120 (above left) is backed by a bullish above-50 reading on the relative strength index (RSI).
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Further, the moving average convergence divergence (MACD) histogram continues to gain altitude, another sign of strengthening bullish momentum. What’s more, BTC has found acceptance above the 50-day moving average (MA). Also, the 5- and 10-day MAs are trending north, indicating a bullish setup.”
Here’s a look at the latest forecasts from across the cryptoverse.
Bitcoin
CoinDesk – Bitcoin eyes $12K price hurdle as dominance rate hits 28-month high
Bitcoinist – If BTC bulls can break $12,400, yearly highs will likely be surpassed shortly after
Ethereum
FX Street – ETH/USD bulls breaking out from bearish technical structure
Crypto Daily – ETH support expected at $217 with resistance at around $239
XRP, Litecoin, Bitcoin Cash, EOS, Tron, Cardano
FX Empire – Reversal could be in the cards for XRP, LTC and BCH if key levels don’t hold
NewsBTC – Crypto market surging: BCH, EOS, TRX, ADA analysis
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