3 bullish signs for Bitcoin, Ethereum, Litecoin, EOS and other crypto-currencies

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Bitcoin, Ethereum, Litecoin and EOS have all experienced a sudden recovery in the past seven days.

Bitcoin is up 9.84%, Ethereum up 21.24%, Litecoin up 23.13%, and EOS up 35.72% – see Table 1.

Table 1

Price change 7d for major cryptocurrencies

Source: Coinmarketcap.com on 20/02/19 at 19:10.

This is certainly music in the ears of investors in cryptocurrency over the long term market.

And there are some signs that the rally could be lasting. One of them is that there is a "breadth". The rally has spread to the entire chain of cryptocurrency. Only seven cryptocurrencies on the top 100 have fallen in the last seven days, while 93 have moved – see Table 2.

Table 2

Number of advanced / rejected cryptocurrencies in the top 100 ranks

Source: Coinmarketcap.com on 20/02/19 at 19:10.

This is something that market technicians see as a confirmation of the strength of the recovery. This suggests that new money arrives throughout the area rather than the old money pbading from one room to another.

"It is interesting to note that the momentum behind the recent rise in Bitcoin stems more from fiat and stable coins than from other crypto-currencies," said Michael Noel, CEO of Blockchain Consultants. "This evolution of Fiat currencies shows at least a consensus that the value of the BTC is better in the long run than in traditional currencies."

According to Noel, the interest of companies for Blockchain projects adds to the technical dynamism of the cryptocurrency recovery. As a partnership between Mastercard and Fintech Stellar start-up, a Western Union and Ripple project and the introduction of a NASDAQ Bitcoin index.

Jeff Ramson, founder and CEO of PCG Advisory, Inc., is increasingly accepting bitcoins, which is increasingly accepted by institutional investors. and I think Bitcoin is the proxy for most people who want to have exposure to the cryptographic badet clbad, as these markets grow, "says Ramson.

An example is the announcement of JP Morgan's implementation of its own cryptocurrency last week. "Although this does not matter for the price of Bitcoin, in reality, it has also given additional credibility to the space, which contributes to the price of Bitcoin; and I believe that this acceptance will help to perpetuate the clbad of cryptographic badets, "Ramson adds.

Provided that Bitcoin exceeds the two key "resistance" levels, US $ 4,000 and US $ 4,800, according to Henry James Fincross, Deputy Managing Director of International & nbsp; CSO.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]

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Bitcoin, Ethereum, Litecoin and EOS have all experienced a sudden recovery in the past seven days.

Bitcoin is up 9.84%, Ethereum up 21.24%, Litecoin up 23.13%, and EOS up 35.72% – see Table 1.

Table 1

Price change 7d for major cryptocurrencies

Source: Coinmarketcap.com on 20/02/19 at 19:10.

This is certainly music in the ears of investors in cryptocurrency over the long term market.

And there are some signs that the rally could be lasting. One of them is that there is a "breadth". The rally has spread to the entire chain of cryptocurrency. Only seven cryptocurrencies on the top 100 have fallen in the last seven days, while 93 have moved – see Table 2.

Table 2

Number of advanced / rejected cryptocurrencies in the top 100 ranks

Source: Coinmarketcap.com on 20/02/19 at 19:10.

This is something that market technicians see as a confirmation of the strength of the recovery. This suggests that new money arrives throughout the area rather than the old money pbading from one room to another.

"It is interesting to note that the momentum behind the recent rise in Bitcoin stems more from fiat and stable coins than from other crypto-currencies," said Michael Noel, CEO of Blockchain Consultants. "This evolution of Fiat currencies shows at least a consensus that the value of BTC is better in the long run than in traditional currencies."

According to Noel, the interest of companies for Blockchain projects adds to the technical dynamism of the cryptocurrency recovery. As a partnership between Mastercard and Fintech Stellar start-up, a Western Union and Ripple project and the introduction of a NASDAQ Bitcoin index.

Jeff Ramson, founder and CEO of PCG Advisory, Inc., is increasingly accepting bitcoins, which is increasingly accepted by institutional investors. and I think Bitcoin is the proxy for most people who want to have exposure to the cryptographic badet clbad, as these markets grow, "says Ramson.

An example is the announcement of JP Morgan's implementation of its own cryptocurrency last week. "Although this does not matter for the price of Bitcoin, in reality, it has also given additional credibility to the space, which contributes to the price of Bitcoin; and I believe that this acceptance will help to perpetuate the clbad of cryptographic badets, "Ramson adds.

Provided that Bitcoin surpbades the two key "resistance" levels, $ 4,000 and $ 4,800, according to Henry James Fincross, Deputy Director General and Chief Scientific Officer.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]