Subscribe
April 18, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Bitcoin Mining in 2025: Total Mined Reaches 19.7 Million Understanding Hot Wallets: Online Bitcoin Access Explained Bitcoin ATMs: Seamless Cash Transactions for Cryptocurrency Bitcoin’s Genesis Block: Launching a New Financial Era Bitcoin Boosts Financial Inclusion for the Unbanked Population

Strong Barriers at $8,500, But Bitcoin (BTC) Bulls Are Steadfast

Strong barriers at $8,500, but bitcoin (btc) bulls are steadfast

Strong Barriers at $8,500, But Bitcoin (BTC) Bulls Are Steadfast

  • bitcoin (BTC) stable and ranging
  • The US SEC delays VanEck bitcoin ETF decision date by another three months

Bulls are resilience, and after shaking off the $1,000 drop of May 19, bitcoin is stable and ranging. Even so, any break and close above $8,500 will draw buyers aiming at $10k or higher confirming bulls of early April.

bitcoin Price Analysis

Fundamentals

That the dreaded crypto winter is finally over, is true. Analysts say fundamental and technical factors are aligning and that will likely lift bitcoin prices to new highs as prices breach and close above the minor resistance at $8,500.

At spot rates, bitcoin prices are in range mode. However, it is the reaction of the market to the news that the US SEC will delay their decision on the VanEck Bitcoin ETF by three months to August 2019.

Although they didn’t expound as to why they are taking their time, observers believe it has to do with their requirements of stringent surveillance tools to prevent fraud and other manipulative acts. It is until there is fulfillment of these conditions that the US SEC would be “comfortable” with a crypto investment vehicle where the interest of the investor is top priority, and there is transparency.

Candlestick Arrangements

Bitcoin btc

As it is, and as aforementioned, BTC/USD is in range mode inside May 19 high low–which is bullish. Besides, the failure of prices to drop hours after the SEC delay of VanEck bitcoin ETF proposal is bullish confirming the strong uptrend two days after bulls bounced back shaking the Bitstamp triggered a liquidation of May 18.

Even so, it is until when prices rally, closing above $8,500 that conservative traders can ramp up on dips with first targets at $10,000 or higher. Because bitcoin (BTC) is ranging, aggressive traders can load up on dips with targets at $8,500 as in a confirmation of the bull breakout pattern of early April.

Nonetheless, we cannot discount deeper corrections. Assuming bears flow back, any drop below the middle BB or May 17th low at $6,600 nullifies our trade plan since prices may drop back to April 2019 highs or $5,600.

Technical Indicator

Our anchor bar is May 19. Even though volumes are light, any break and close above $8,500 ought to be with high volumes exceeding 25k and 37k of May 11. The same rules apply if BTC slide below $6,600 below the middle BB invalidating our bullish outlook.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Published at Tue, 21 May 2019 18:00:13 +0000

Previous Article

Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud

 Next Article

People Are Flocking to Bitcoin Exchanges Again, New Data Shows –

You might be interested in …

Entertaining In a Hurry with Gourmet Snacks

Spontaneity is a good thing, but sometimes trying to accomplish something on the spur of the moment proves to be a challenge. When you’re expecting last minute guests, or putting together a just-planned party, one great trick to have up your sleeve is having plenty of gourmet snacks on hand.

With little or no time to plan, shop, or cook, knowing that there are some tasty tidbits ready to go in your home is a big stress reliever. There are a lot of packaged items that people often keep in their pantry. If you want to be able to impress your guests, make sure that some of those items aren’t boring or expected. Gourmet snacks, cheese snacks, and nuts become more interesting if they aren’t the kind you see on the shelves everywhere, or eat frequently.

Consider stocking up on the following items:

Cheese snacks: Forget plain crackers. No need to keep fresh cheese on hand. This type of cracker item provides it’s own cheesy flavor. They are great on their own or perfect for toppings, which leads us to the next item to have ready.

Gourmet spreads: Spreads that are in a jar have a long shelf life. Pop them open when you have only moments, and it’s a flavorful departure from mundane. They go great with cheese snacks, but are also good on breads. Look for sun-dried tomato spread, olive tapenade, mushroom spreads, or even roasted red pepper topping.

Nuts: Think beyond peanuts. Cans of wasabi almonds, honeyed cashews, or even exotic mixes are gourmet snacks that make for quick and easy finger food.

Dried Fruit: On their own, dried fruits are little more than a healthy nibble. Mix them with nuts, or use them on a cream-cheese spread and you have some easy appetizers to pull out at the last minute. Serve dried cranberries or figs and suddenly the cracker and cheese spread combo has gone gourmet!

While a last minute event may not have the same pizzazz as one you’ve planned for weeks in advance, it is possible to entertain without potato chips and onion dip. Making sure your home is supplied with some gourmet snacks makes entertaining easier. It can also help keep people from starving when you do want to take time to prepare a more elaborate dish.

Saving time and effort with easy finger food can make the thought of spontaneous entertaining seem a little less intimidating.

The post Entertaining In a Hurry with Gourmet Snacks appeared first on Mokey International.

Close Menu