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  • ‘Stars Aligning’ for 2019 Bitcoin Bull Run, Says Crypto Analyst – BTC, XRP, Ethereum, Litecoin Forecast

‘Stars Aligning’ for 2019 Bitcoin Bull Run, Says Crypto Analyst – BTC, XRP, Ethereum, Litecoin Forecast

April 25, 2019

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Bitcoin is gearing up for a big rally in 2019, according to eToro analyst Simon Peters.

In a new interview with The Independent, Peters says BTC’s recent golden cross is a major signal that Bitcoin has already hit a bottom and the bear market is ending.

“The stars are aligning for a bitcoin bull run. The short-term moving average for the price of bitcoin has finally moved above the longer-term average, which is often referred to as a golden cross, so investors are starting to believe that we might just be approaching a new phase for the price of Bitcoin.

According to Peters, the $6,000 mark is the next crucial line for Bitcoin to cross. If it breaks the barrier, he believes Bitcoin will surpass $14,000 this year.

Right now, the overall crypto market is mixed, with Bitcoin up 0.84% at $5,437, according to Coin360. Ethereum is up 0.93% at $164.04, and XRP is up 1.39% at $0.3032.

In the short term, CoinDesk’s Omkar Godbole says Bitcoin is facing further losses and risks dropping below $5,000 in the coming days.

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Technical analysts across the board are watching for Bitcoin’s next move, with mixed signals on Ethereum, XRP and Litecoin.

Bitcoin

Ethereum

XRP

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Litecoin

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