BitcoinEthereumMarketsRippleTradingXRP

Bitcoin, Ethereum, XRP Poised to Resume Uptrend

Extreme volatility levels in the cryptocurrency market have led to massive liquidations over the past few weeks. Despite the significant losses incurred across the board, data shows that Bitcoin, Ethereum, and XRP are about to resume their respective uptrends.  
Bitcoin Prime for New All-Time Highs
Bitcoin took a 12% nosedive in the past 36 hours after rising to $52,700. The downswing added credence to the thesis that BTC is creating an inverse head-and-shoulders pattern on its 4-hour chart. 
Coincidentally, the Tom Demark (TD) Sequential indicator recently presented a buy signal within the same time frame. The bullish formation developed as a red nine candlestick, suggesting that Bitcoin is bound for a bullish impulse. 
If validated, BTC could rise toward the head-and-shoulders neckline at $52,000 to complete this technical pattern’s right shoulder. A further spike in buying pressure around this resistance barrier could lead to a 17% breakout that sends Bitcoin to $61,000.
BTC/USD by TradingViewMicrostrategy’s announcement that it once again bought the Bitcoin dip, adding another $10 million to its treasury, suggests that momentum is indeed building up for the uptrend to resume. 
That notion is further validated by the rising number of new daily addresses joining the network. On-chain analyst Willy Woo maintains that Bitcoin’s user count is “growing at insane rates,” similar to trends seen during the 2017 bull market.
As long as Bitcoin continues to hold above $47,000, all of these fundamental developments will continue to push prices higher. 
Rafael Schultze-Kraft, co-founder and CTO at Glassnode, maintains that this is a “very …
Story continues on Crypto Briefing

Related posts
Bitcoin.comBlockchainBlockchain AssetsCelebritiescollectiblescryptocurrencydigital jewelrydigital jewelry NFTEthereumjewelry collectionLil Pump fansLil Pump SweetNewsNFTNFT SweetNFTsNon-fungible TokenRap Artistrecording artistSweetTom Mizzone

Multi-Platinum Recording Artist Lil Pump to Drop ‘Digital Jewelry’ NFTs

On March 10, the hip-hop artist Lil Pump announced the multi-platinum-selling artist has partnered with the non-fungible token (NFT) platform Sweet. The American rapper will drop three unique NFT collectibles in total and he’s also releasing a one-of-a-kind “digital jewelry…
Binance CoinBitcoinBitcoin CashCardanoChainlinkCointelegraph.comEthereumLitecoinMarketsPolkadotPrice analysisRippleUniswap

Price analysis 3/10: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH

Select altcoins could rally to new all-time highs if Bitcoin bulls successfully hold BTC above the $57,000 level. Long-term investors use dips in a strong uptrend to buy while short-term investors are fixated on calling a top. In the past…
AltcoinsBitcoinBTC Trading ViewNewsNews 1Trading View

Why this retail investor is 'singularly focused on Bitcoin' and not Doge or ETH

Having seen Bitcoin-related success, Anthony Scaramucci appears to be increasingly crypto-focused recently. In a new interview, Founder of SkyBridge Capital, a hedge fund, revealed that other than theThe post Why this retail investor is ‘singularly focused on Bitcoin’ and not…