BTC to Have First Bullish 20-200 SMA Cross since Oct 2015, EOS & ADA Leading Top Crypto Gains
The crypto market is in green with the total market cap going to $183 billion yet again. Bitcoin according to crypto trader Credible Crypto is in a similar position as the Ethereum. From a technical point of view, the similarities are in the possibility of the leading cryptocurrency being in a “larger running triangle.”
As per him, if the leading cryptocurrency breaks above $6k before it hits $4.2k, that is likely to mean that the bear is officially over. At the time of writing, BTC has been trading at $5,275 with 1.22 percent greens in the past 24-hours.
However, if Bitcoin does pullback to the range of $4.3k to $4.5k, it would present an “excellent long opportunity.” Crypto industry experts are expecting a slight pullback here before it storms above and starts another rally.
In tandem with Bitcoin, Credible Crypto expects Bitcoin Cash (BCH) to retrace back to $240 to $260 range which is currently trading at $304. As for Eth that is sitting at $181, he has this to say, “Ethereum is going to the Moon.”
Meanwhile, crypto trader Jonny Moe says, Bitcoin is ready to have its first bullish 20-200 SMA cross in over 2 and a half years. Though he says he doesn’t try to call out bottoms, the current trend is “certainly” shaping up that says it is a real possibility.
$BTC about to have its first bullish 20-200 SMA cross since Oct 2015. Note that it took 2 of these crosses before the uptrend began.
I'm not usually one to try and call out absolutes like "THE BOTTOM IS IN!!!", but it's certainly shaping up like that could be a real possibility. pic.twitter.com/AG1L2CUmhq
— Jonny Moe (@JonnyMoeTrades) April 10, 2019
EOS & ADA take a Hike
In the current green market, today’s highest gainer is Crypto.com Chain that is up by over 17 percent while with more than 17 percent losses only, ABCC coin is the biggest loser.
After seeing red yesterday, the market has turned green with top cryptocurrencies rising 1 to 2 percent. However, EOS is leading the top cryptos as it surges 7 percent at $5.89, as a late effect of Coinbase listing.
Currently, at 6th position, EOS is ready to take over Bitcoin Cash on the 5th spot as per market cap.
As Cardano founder, Charles Hoskinson stated that they are nearing the release of Goguen and Shelley, its prices took a spike as well. The ninth largest cryptocurrency is trading at $0.088 with 24-hours gains of almost 3 percent.
“We’re getting very close to actually being ready for Goguen, so this year both of those releases will come out and they will just get iteratively better as the year goes on.”
But it wasn’t only about Cardano that Hoskinson talked about, he also had something to say about Bitcoin:
“It wasn’t until 2013 that that really solidified and we reached a billion dollar market cap and people said oh cryptocurrencies are here to stay. The problem with Bitcoin is it’s blind deaf and dumb you can’t really do much with it.”
Bitcoin (BTC) Live Price
1 BTC/USD =$56,395.7922 change ~ -1.43%