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April 9th to April 17th, 2018 has seen cryptocurrencies gain their momentum, with a sudden gain at the end of the day on April 12. A Bullish market is being witnessed, which cryptocurrencies have not seen since the start of the year.
Toshi Times analyses the three significant coins- Bitcoin, Ethereum and Litecoin in this very impressive week between April 9th to April 17th. You might be tempted to jump right in and buy some cryptocurrencies, but beware of specific signs which we will be discussing in this article.
We keep the analysis simple, so beginners, intermediates, and experts all can enjoy and learn a little something from the viewpoint.
The BTC/USD at standard UTC of 12:19 is reported to be priced at $8135.5. The most noticeable change seen is on the midday of 12th of April where the price of Bitcoin shot to a $1000 increase. It rose from $6767 in the early hours of 12th of April and shot straight up to more than $7770. The price of Bitcoin steadily rose from $7770 to about $8400 on the 16th of April which brings back good old memories of the end of last year where Bitcoin was showing extreme Bullish trends.
There are chances of it crossing $10,000. With Bitcoin’s past being taken into the picture, people might book profits at a high level of $12,000. It is best to be aware of Bitcoin when it starts rising.
The ETH/USD at standard UTC of 13:59 is reported to be priced at $514.49. It is showing high signs of bullish developments. According to the graph, if it breaks out of $600, the next move would be $725. The graph also indicates that a little above the $400 level, people holding-is a high probability.
The LTC/USD at standard UTC of 14:20 is reported to be priced at $137.17. It is turning very bullish and replicated the sudden increase in Bitcoin around mid 12th April where it rose from about $114 to $130 by the end of 12th April.
If Litecoin breaks out of $140, a bullish trend will most likely form.
As of now, breakout points are occurring for nearly all cryptocurrency, and a bullish market is underway. Stay tuned to Toshi Times as we keep you up to date with the latest happenings of the bullish market for cryptocurrencies.
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