Mohamed El-Erian, a chief economic advisor at Allianz, wants to buy Bitcoin if it declines to $5,000 levels.
Arthur Hayes, the co-founder and CEO of BitMEX, believes that Bitcoin can rally to $50,000 levels by the end of the year.
65 has cleared the downtrend line and the 20-day EMA. Failure of the bears to take advantage of the breakdown below $6,000 levels shows that they are losing their grip.
If the bulls defend the $5,900 levels, then our initial assumption of a large range in Bitcoin between $6,000 to $12,000 will come into play.
If the ETH/USD pair returns from the current levels and drops below $400, it will become negative and can decline to the critical support at $358.If the bulls break out and close above the 20-day EMA, a rally to $600 levels can be expected with minor resistance at $550.Therefore, traders can enter long positions closer to $500 with the stops at $400. Please keep the position size about 40 percent of usual because the initial risk to reward ratio is not very attractive.
BCH/USDBitcoin Cash has bounced back from the $657 levels and has broken out of the downtrend line.
Still, the bulls will face stiff resistance at the 20-day EMA and again between $100-$107.102.If the bears force a reversal from the overhead resistance and break below the $74 levels, the downtrend will resume.
XLM/USDThe bulls scripted a smart recovery in Stellar from the $0.16767780 levels on June 29 and have broken out of the downtrend line.
Once these two levels are crossed, we anticipate a rally to $2 levels.
Our bullish view will be invalidated if the bears force a turnaround on the IOTA/USD pair from the 20-day EMA and plunge it below $0.885 levels.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, July 2
pubblicato su Jul 3, 2018
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.