✅ The total cost of still does not exceed the capitalization of .
Despite the general recovery in market activity, the majority of investors still have “digital gold” in their portfolios.
This, in particular, is evidenced by the current dominance index, which almost reached the values of September 2018. It is also worth noting that the capitalization of exceeded $ 100 billion, corresponding to November last year.
It can be clearly seen that during the last day has grown faster than most of the top 20 of the popular rating.
✅ price may drop to $ 5,294.00
Оmkar Godbole, CoinDesk analyst said that looks to be creating a double-top bearish reversal pattern with neckline support at $5,510 on the 4-hour chart. A break lower could yield re-test of the 30-day MA, currently at $5,294.
The June 2018 low of $5,780 is proving a tough nut to crack, as expected. has failed to close above that level for three days in a row, indicating a price pullback may be needed to fuel a sustained move to $6,000.
The failed to find acceptance above the June 2018 bottom of $5,780 for over 3 days. Godbole believes that for a stable growth to a $ 6,000 needs correction.
That said, the prospects of a deeper slide below $5,000 would improve if prices see back-to-back daily closes below the 30-day MA.
✅ An analyst known as Galaxy believes that new rally is about to begin and targets $330,000.
According to Galaxy parallels between ’s price action in October of 2015 and April of this year indicate could be poised to hit $330,000 by the end of 2021.
According to Galaxy, at the moment the price trajectory of the first is similar to the patterns of October 2015, which is especially noticeable in the monthly chart. At that time the rapid growth of started at $ 330 and ended two years later near the $ 20,000 mark. Thus, during this time, the increase was 6,500%.
✅ Peter Brandt, the famous analyst, who predicted 80% price drop in 2018 supports the ideas of Galaxy.
Currently, the first confidently continues its upward movement, supported by an increase in the trade volumes.
✅ According to CoinDeskMarkets, is residing with an ascending triangle with eyeing off former supports beyond $6000 or around $6,125. And it is just a question of time.
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Published at Tue, 07 May 2019 16:17:45 +0000
