10.7 C
Amsterdam
20 May 2022

PumpMoonshot

  • Home
  • News
    • News

      USDT circulating supply is reduced by more than…

      19 May 2022

      News

      Terraform Labs To Cough Up $78M Penalty For…

      19 May 2022

      News

      Apecoin price analysis: Bullish momentum to continue as…

      19 May 2022

      News

      Solana Price Analysis: What if SOL regains its…

      19 May 2022

      News

      Ripple Brings Its XRP-Powered On-Demand Liquidity (ODL) Solution…

      19 May 2022

      News

      BTC, XRP, ADA and BNB Price Analysis for…

      19 May 2022

  • Bitcoin
    • Bitcoin

      Bitcoin is the Internet’s Only Money, Jack Dorsey…

      20 May 2022

      Bitcoin

      Bitcoin, Ethereum Reach Extremely High Correlation with Stocks,…

      19 May 2022

      Bitcoin

      Bitcoin ($BTC) and Ethereum ($ETH) Will Outperform Equities…

      17 May 2022

      Bitcoin

      Bitcoin Maintains $30K, Terra’s UST Continues Crashing and…

      17 May 2022

      Bitcoin

      FTX CEO Thinks Bitcoin Has No Future as…

      16 May 2022

      Bitcoin

      Jack Dorsey Names Reason for Next Bitcoin Price…

      14 May 2022

  • Ethereum
    • Ethereum

      Ethereum Hits $250 Billion Mark: Is $3,500 Within…

      18 May 2022

      Ethereum

      Bullish & Bearish Case Emerges for Ethereum! Will…

      5 May 2022

      Ethereum

      Ethereum Regains Strength But $3K Is Still A…

      5 May 2022

      Ethereum

      Ethereum risks 35% drop by June with ETH…

      2 May 2022

      Ethereum

      BAYC Team Yuga Labs Raises $285M from ‘Otherside’,…

      2 May 2022

      Ethereum

      Ethereum’s quest to launch its merge to transcend…

      28 April 2022

  • Blockchain
    • Blockchain

      SOLANA (SOL), CARDANO (ADA), AVALANCHE (AVAX) AND BITGERT…

      13 March 2022

      Blockchain

      BlackRock, World’s Largest Asset Manager Files A Blockchain…

      22 January 2022

      Blockchain

      Ferrari forges a deal with blockchain organization Velas…

      29 December 2021

      Blockchain

      What Metaverse Holds For Us in 2022?

      27 December 2021

      Blockchain

      Regulation Is Coming, These Blockchain Projects Are Ready

      24 November 2021

      Blockchain

      Mexican Company Launches Blockchain-Powered COVID-19 Test Certificates

      18 October 2021

  • Altcoins
    • Altcoins

      We are close to a global recession, says…

      19 May 2022

      Altcoins

      Shib Army Burns Nearly 13 Billion SHIB In…

      19 May 2022

      Altcoins

      A Legal Case Involving The Hack Of Crypto…

      19 May 2022

      Altcoins

      Crypto Space May Have to Wait for Two…

      19 May 2022

      Altcoins

      Football Legend James Rodríguez Partners with ZKSea NFT…

      19 May 2022

      Altcoins

      ‘It’s Too Early to Have Algorithmic Stablecoin,’ Says…

      19 May 2022

  • Tools & Analytics
    • Price Analysis
    • CoinMarket
    • Top 10 Crypto chart
    • Top 50 Crypto list
    • Calculator
    • Converter
    • Mining Calculator
FacebookTwitterInstagramLinkedinTelegram
PumpMoonshot
Image default
  • Home
  • Bitcoin
  • Bitcoin (BTC) breaks out but finds resistance at $ 5,200
Bitcoin

Bitcoin (BTC) breaks out but finds resistance at $ 5,200

by PumpMoonshot8 April 20190376
Share0

Yesterday we saw how bitcoin (BTC) struggled with the resistance at $ 5,100. At the end of the day, BTC managed to break out and found the next resistance, but a bullish pattern promises a further rise.
At the time of writing, the price of bitcoin is $ 5,173 with an increase of 3.38% in the last 24 hours. On the 4-hour graph, we see that BTC forms a rising triangle pattern, which in this case means that the highs peak almost at the same height, but the lows get higher. This is generally a bullish signal.

Bitcoin must then break out above the current resistance, which is $ 5,200. BTC tested this price level for the first time yesterday at the end of the afternoon. It is currently testing the resistance for the second time. It will become clear in the coming hours whether BTC will bounce off again or break out.
If bitcoin breaks out, the next resistance is $ 5,300 followed by $ 5,500. The resistance thereafter, at $ 5,700, is an important one. That is namely the price range where bitcoin first found support in 2018 but then fell through.

Important support levels to keep an eye on at the moment are $ 5,100 and $ 5,000. Even though sentiment is currently very bullish, any corrections must be taken into account.
4-year cycle
Yesterday bitcoin analyst Bob Loukas wrote that bitcoin has entered a new cycle. Bitcoin rises and falls during such a cycle, and then repeats this parabolic price movement. However, the current rise does not fit that picture.

The recent breakout if sustained would be one of the largest deviations from a long-term trend.
Look to Nov. dump for an example of deviance. That black line is a magnet. @kenoshaking @MustStopMurad @woonomic pic.twitter.com/5RzOmKMJ1s
– throwaway (@ throwaway82738) April 6, 2019

As seen on the graph, bitcoin does not currently follow the pattern as it did in recent years. It can therefore be the case that BTC will correct strongly and form even lower lows. This does, however, have an important comment.

Theres a perfect storm for BTC right now
– Democratic socialism – MMT (Modern monopoly money theory) – QE infinity – 10k boomers retiring daily (entitlements skyrocketing) – 2020 election – US interest expense> tax receipts by 2022 – BTC halving in 2020
Never been more bullish
– Brendan Bernstein (@BMBernstein) March 29, 2019

The current economic and political situation on the world stage can hardly be compared to the situation of a few years ago. For example, there are a number of economic factors that can result in hyperinflation and mismanagement, which could be extremely beneficial for bitcoin. As we have seen before, bitcoin benefits from instability, since people in such situations use bitcoin to protect themselves against negative economic developments.

BitcoinBlockchainCryptoCryptocurrency
previous post
Verge Price Gains 20% And Surpasses $0.011 Again
next post
Coinbase CEO: Cryptocurrencies will initially be used more on the edges

Related posts

Elon Musk Agrees Bitcoin Fixes ‘Inflationary Insanity’ in Fresh Debate on Future of Crypto

PumpMoonshot16 January 2021

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Ethereum shines, ETH/BTC bracing for a stellar rise

PumpMoonshot31 July 2020

Top 3 Price Prediction Bitcoin, Ethereum and Ripple: Bulls running out of options

PumpMoonshot8 October 2020

Price Bar

bitcoin Bitcoin
€28,627.06
€28,627.06
EUR: €28,627.06
GBP: £24,297.48
7D Chart3.78%
ethereum Ethereum
€1,906.08
€1,906.08
EUR: €1,906.08
GBP: £1,617.80
7D Chart2.94%
ripple XRP
€0.395
€0.395
EUR: €0.395
GBP: £0.335
7D Chart1.000%
polkadot Polkadot
€9.48
€9.48
EUR: €9.48
GBP: £8.04
7D Chart2.78%
monero Monero
€154.56
€154.56
EUR: €154.56
GBP: £131.18
7D Chart2.49%
vechain VeChain
€0.029
€0.029
EUR: €0.029
GBP: £0.025
7D Chart3.07%
theta-token Theta Network
€1.18
€1.18
EUR: €1.18
GBP: £1.00
7D Chart0.280%
zilliqa Zilliqa
€0.047
€0.047
EUR: €0.047
GBP: £0.040
7D Chart1.63%

COIN360

Recent Posts

Bitcoin is the Internet’s Only Money, Jack...

PumpMoonshot20 May 2022

We are close to a global recession,...

PumpMoonshot19 May 2022

USDT circulating supply is reduced by more...

PumpMoonshot19 May 2022

Terraform Labs To Cough Up $78M Penalty...

PumpMoonshot19 May 2022

Apecoin price analysis: Bullish momentum to continue...

PumpMoonshot19 May 2022

Shib Army Burns Nearly 13 Billion SHIB...

PumpMoonshot19 May 2022

Solana Price Analysis: What if SOL regains...

PumpMoonshot19 May 2022

A Legal Case Involving The Hack Of...

PumpMoonshot19 May 2022

Sponsered

Featured News

Ethereum Hits $250 Billion Mark: Is $3,500 Within Reach Already?

PumpMoonshot18 May 2022

Bullish & Bearish Case Emerges for Ethereum! Will ETH Price Hit $10,000 or Slide Down to $1000?

PumpMoonshot5 May 2022

Ethereum Regains Strength But $3K Is Still A Major Hurdle

PumpMoonshot5 May 2022

Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

PumpMoonshot2 May 2022

News

Grayscale Clears Regulatory Hurdle in Push to Bring Bitcoin Cash and Litecoin Trusts to Over-the-Counter Markets

PumpMoonshot22 July 2020

Grayscale Sparks Support Rumours For Cardano (ADA)

PumpMoonshot31 January 2021

Tron News Today – Headlines for October 5

PumpMoonshot6 October 2020

HOW “PICTURE PERFECT” MACRO UNCERTAINTY WILL KEEP GOLD, BITCOIN TRENDING

PumpMoonshot30 July 2020

Recent Posts

Bitcoin is the Internet’s Only Money, Jack Dorsey Says

PumpMoonshot20 May 2022

We are close to a global recession, says Raoul Pal about Bitcoin in the crisis

PumpMoonshot19 May 2022

USDT circulating supply is reduced by more than $7 billion

PumpMoonshot19 May 2022

Terraform Labs To Cough Up $78M Penalty For Tax Evasion

PumpMoonshot19 May 2022

Donations

Categories

  • News (11,401)
  • Bitcoin (6,865)
  • Altcoins (5,245)
  • Ethereum (2,858)
logo
About US
PumpMoonshot is a Crypto news site, we bring all crypto news in one place. All tools guides analylitcs, we bring it to you. For Ico shoutouts or reviews, you can email us we will do a full analyze of the ico.
Contact us: admin@pumpmoonshot.com
Follow us
FacebookTwitterInstagramLinkedinTelegram
@2021 - www.pumpmoonshot.nl. All Right Reserved. Designed and Developed by Violater Inc
PumpMoonshot
FacebookTwitterInstagramLinkedinTelegram
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • Tools & Analytics
    • Price Analysis
    • CoinMarket
    • Top 10 Crypto chart
    • Top 50 Crypto list
    • Calculator
    • Converter
    • Mining Calculator
  • bitcoinBitcoin(BTC)€28,627.063.78%
    BITCOIN
    24H : 3.78%
    Volume : €28,182,823,799.37
    Marketcap : €545,263,713,725.88
  • ethereumEthereum(ETH)€1,906.082.94%
    ETHEREUM
    24H : 2.94%
    Volume : €17,371,840,133.11
    Marketcap : €230,340,078,285.25
  • tetherTether(USDT)€0.9460.080%
    TETHER
    24H : 0.080%
    Volume : €49,582,278,139.56
    Marketcap : €70,182,739,217.41
  • usd-coinUSD Coin(USDC)€0.9460.170%
    USD COIN
    24H : 0.170%
    Volume : €6,822,680,031.37
    Marketcap : €49,899,843,507.87
  • binancecoinBNB(BNB)€288.874.08%
    BNB
    24H : 4.08%
    Volume : €1,506,751,167.42
    Marketcap : €48,607,169,135.96
  • rippleXRP(XRP)€0.3951.000%
    XRP
    24H : 1.000%
    Volume : €2,045,361,986.55
    Marketcap : €19,123,342,981.42
  • binance-usdBinance USD(BUSD)€0.946-0.04%
    BINANCE USD
    24H : -0.04%
    Volume : €6,377,765,117.10
    Marketcap : €17,556,418,477.18
  • cardanoCardano(ADA)€0.5001.06%
    CARDANO
    24H : 1.06%
    Volume : €810,018,703.80
    Marketcap : €16,913,337,204.22
  • solanaSolana(SOL)€49.122.13%
    SOLANA
    24H : 2.13%
    Volume : €1,567,568,793.47
    Marketcap : €16,675,720,052.52
  • dogecoinDogecoin(DOGE)€0.0820.570%
    DOGECOIN
    24H : 0.570%
    Volume : €475,438,364.94
    Marketcap : €10,834,864,697.83
  • polkadotPolkadot(DOT)€9.482.78%
    POLKADOT
    24H : 2.78%
    Volume : €634,480,755.41
    Marketcap : €10,565,927,919.01
  • wrapped-bitcoinWrapped Bitcoin(WBTC)€28,627.063.89%
    WRAPPED BITCOIN
    24H : 3.89%
    Volume : €466,518,072.15
    Marketcap : €8,003,036,347.50
  • staked-etherLido Staked Ether(STETH)€1,872.832.84%
    LIDO STAKED ETHER
    24H : 2.84%
    Volume : €25,642,157.69
    Marketcap : €7,866,012,041.92
  • avalanche-2Avalanche(AVAX)€28.07-2.84%
    AVALANCHE
    24H : -2.84%
    Volume : €709,978,193.04
    Marketcap : €7,561,238,408.83
  • tronTRON(TRX)€0.0702.66%
    TRON
    24H : 2.66%
    Volume : €930,722,872.72
    Marketcap : €6,774,568,861.15
  • shiba-inuShiba Inu(SHIB)€0.0000110.160%
    SHIBA INU
    24H : 0.160%
    Volume : €377,895,352.81
    Marketcap : €6,147,577,509.54
  • daiDai(DAI)€0.9470.180%
    DAI
    24H : 0.180%
    Volume : €385,667,310.63
    Marketcap : €5,830,576,961.14
  • litecoinLitecoin(LTC)€67.425.52%
    LITECOIN
    24H : 5.52%
    Volume : €664,316,046.67
    Marketcap : €4,741,564,661.72
  • crypto-com-chainCronos(CRO)€0.1853.98%
    CRONOS
    24H : 3.98%
    Volume : €32,164,044.05
    Marketcap : €4,673,530,867.13
  • leo-tokenLEO Token(LEO)€4.700.520%
    LEO TOKEN
    24H : 0.520%
    Volume : €2,433,532.24
    Marketcap : €4,391,236,779.30
Cookies To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too. Read more
Accept
Cookies Settings
Cookie Box Settings
Cookie Box Settings

Privacy settings

Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. For information on deleting the cookies, please consult your browser’s help function. Learn more about the cookies we use.

With the slider, you can enable or disable different types of cookies:

  • Block all
  • Essential
  • Functionality
  • Advertising
  • Hide details
  • Save & Close
  • Block all
  • Essentials
  • Functionality
  • Advertising

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected

This website won't

  • Remember your login details
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country

This website won't

  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions

This website won't

  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website won't

  • Remember your login details
Save & Close