From bullish technical analysis on Bitcoin to new adoption for a number of cryptocurrencies including Ether, Stellar and Zcash, here’s a look at some of the stories breaking in the world of crypto.
Crypto trader and analyst Mitoshi Kaku says he wouldn’t be surprised if Bitcoin continues to rise in the short term. Kaku told his 50,000+ following on Twitter “conditions are present” for Bitcoin to shoot to $5,000 in the next 10 days.
I wouldn’t be surprise at ALL, if the price goes straight to $5K in the next 10 days. The conditions are present TA-wise. Obviously that sort of move would need a strong catalyzer, but anything is possible when it comes to price action. $BTC pic.twitter.com/Usdpub8LNj
— Mitoshi Kaku ??? (@CryptoSays) February 9, 2019
Meanwhile, Fundstrat analyst Tom Lee is highlighting bullish technical analysis posted on Trading View that he says jives with recent analysis at his firm.
CRYPTO: Some TA’s who were bearish in 2019 are becoming incrementally bullish on #BTC $BTC
The one below refers to the 200-week mavg acting as support, something @rsluymer @fundstrat TA also noted as key support for Bitcoin.https://t.co/QOBqcQ83FV
— Thomas Lee (@fundstrat) February 10, 2019
According to fellow Fundstrat strategist Robert Sluymer, Bitcoin needs to break through $4,200 to signal a real turnaround and a potential end to the bear market.
Ripple and XRP
Ripple has released an overview of its recent discussion about the future of digital assets with European Parliament member Eva Kaili.
Kaili says she believes blockchain and cryptocurrency will ultimately have a major impact on the economy,