Bitcoin’s Explosive Rally Targets $6,500 Next – Analyst Explains Why

By CCN: The bitcoin price could surge to $ 6,500 soon because it breached a key resistance level of $ 5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month high this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a bullish trend forming with speculative bitcoin shorts that’s pushing

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Bitcoin Price Rages Beyond $5,600 to Hit New 2019-High; New Rally Boom?

Throughout the past 24 hours, the bitcoin price has recorded an increase of 4.3 percent, surging from around $ 5,280 to $ 5,630. In the past month, in less than 30 days, the bitcoin price has surged from $ 3,900 to $ 5,630, by nearly 40 percent. Good stuff. Golden cross and all. $ BTC — Alex Krüger (@krugermacro) April 23, 2019 Various technical indicators including long-term indicators such as the moving average convergence divergence (MACD) and exponential moving average (EMA) have shown a trend reversal when bitcoin first crossed $ 5,000, further fueling the momentum of the dominant cryptocurrency. Is a New Bitcoin Rally

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Here’s What Will Trigger the Next Mammoth Bitcoin Rally

By CCN: According to a new survey conducted by a gold investment research firm, most retirees in the U.S. are aware of bitcoin and cryptocurrencies but are not interested in investing in the asset class. More than 56 percent of respondents said that they are aware of the existence of bitcoin but have not considered investing in it, and 32.9 percent have said that they are not aware of the asset class. Based on the official data provided by the U.S. government, there are approximately 47.8 million retirees in the U.S. and it remains a large market for various asset

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