Ethereum Classic increases 28%
Murad Mahmudov of Adaptive Capital, former employee of Goldman Sachs, describes on Twitter that BTC has exceeded a number of important moving averages. These include the 128-day single moving average (SMA), the 200-day exponential average (EMA), the 50-week SMA and the 100-week SMA.Nevertheless, he urges caution, as it could be a “bull trap”. However, the chart shows that the momentum is currently bullish. If BTC can conquer the 200-day SMA, a rally could follow. Furthermore the Lucid Stop and Reversal Indicator shows an extremely bullish signal. This indicator last showed a buy signal in March 2019, which was followed by a rally in which BTC rose to over USD 10,000.
Bitcoin fell back to USD 8,900 after BTC encountered enormous selling pressure. At the time of writing, the trades at $8,901.23 USD, an increase of 3.69% within the last 24 hours.
Experienced Bitcoin trader Josh Rager is also bullish for Bitcoin and describes that BTC could reach a new all-time high if BTC closes above the USD 10,100 mark. However, he points out in further tweets that he believes Bitcoin will have to continue to fight hard after the summer and the halving to achieve its long-term goal.
作者 : Collin Brown