"> Bitcoin just crossed $ 9,000 . Crypto rally is just beginning - Bitcoin News

Bitcoin just crossed $ 9,000 . Crypto rally is just beginning


After two days of consolidating the $ 8,000 crypto marketplace, Bitcoin (BTC) simply broke 3% more than the $ 8,700 equality to tap the $ 9,000 financial and technical resistance key for the first time in just over two months.

Since hitting $ 9,000, the crypto property has been held back to the tune of $ 8,950 at the time of writing, as Bitcoin allegedly faced huge $ 9,000 selling pressure.

Although Crypto-York has not yet performed a daily price close to the key $ 9,000 level, analysts say it is setting a positive precedent for the trend in this market. In fact, a prominent trader says a 30% increase to $ 11,500 may be next.

This should lead to an equally bullish price for other crypto assets, including Ethereum, XRP and the other nine meters, so to speak.

Crypto indicators turn bulls across the board
Indicators all over the crypto market have recently turned over bullish, which means a further hint is made.

10 BTC and 20,000 free rounds per player in mBitcasino’s Winter Cryptoland Adventure!
Murad Mahmudov, formerly of Goldman Sachs, of Adaptive Capital recently wrote on Twitter that “bears are at best, not at all bad,” drawing attention to the chart below which shows that BTC has crossed above some key moving averages. These include but are not limited to a simple 128-day moving average (SMA), an exponential 200-day moving average (EMA), a 50-week SMA and a 100-week SMA.

Murad Mahmudov 🚀
@MustStopMurad
The bears are at best deceived, not decent at worst

This chart indicates the momentum in the cryptocurrency market is almost entirely bullish. If BTC required the 200-day SMA as shown in its chart, a full demonstration could be made, as the BTC trend above all these levels is a rare and beneficial event.

That’s far from the only reason analysts say this move is indicative of an imminent crypto market.

The clear stop and reverse indicator, which “signals stop and go in the opposite direction” when reversed, printed only a particularly bullish signal; The indicator has printed its first buy signal since March 2019, ahead of a 330 percent rally that brought BTC over $ 10,000 and crypto assets tens of percent.

Related Reading: Crypto Tips: Alon Musk Wears the Bitcoin Bear, Japanese Giants delve into cryptocurrency mining, Baidu blockchain
The basics are equally strong
The most recent recent rise is consistent with a report from Glassnode, a crypto and blockchain analyst, that the average BTC hash rate (for a one-day moving average) has just reached a year-high of 125 barriers. .

Rust glass alarms
@glassnodealerts
Average BTC Rate for Average Exposure (1d MA) only reached a one-year high of 125,058,646,627,207,626,752.000

(Last one-year record of 122,916,246,977,853,194,240,000 viewed January 5, 2020)

While there is no immediate correlation between Bitcoin’s hash rate and prices, the fact that miners continue to pump resources into crypto assets well bodes well for the long-term trend of this space. After two days of establishing the $ 8,000 crypto market, Bitcoin (BTC) simply broke 3% more than the $ 8,700 range equilibrium to tap the $ 9,000 psychological and technical resistance key for Binance and other exchanges for the first time in just over two months.

Since hitting $ 9,000, the crypto property has been held back to the tune of $ 8,950 at the time of writing, as Bitcoin allegedly faced huge $ 9,000 selling pressure.

Related reading: Be careful, this new Bitcoin scam adds up across YouTube
Although crypto-York has not yet performed a daily price close to the key $ 9,000 level, analysts say it has set a positive precedent for the trend in this market. In fact, a prominent trader says a 30% increase to $ 11,500 may be next.

This should lead to an equally bullish price for other crypto assets, including Ethereum, XRP and the other nine meters, so to speak.

Crypto indicators turn bulls across the board
Indicators all over the crypto market have recently turned upside down, which means that there is a higher implication.

10 BTC and 20,000 free rounds per player in mBitcasino’s Winter Cryptoland adventure!
Murad Mahmudov, formerly of Goldman Sachs, of Adaptive Capital recently wrote on Twitter that “bears are at best, not at all bad,” drawing attention to the chart below which shows that BTC has crossed above some key moving averages.

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