CNBC Analyst Shorting BTC As Leading Crypto Hits $9,800 – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, EOS, Binance Coin, Tron Forecasts

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Futures trader, analyst and founder of GRZ Energy, Anthony Grisanti, says he’s shorting Bitcoin. On CNBC’s Futures Now, Grisanti says he’s looking for BTC to drop below $9,000.

“I’m looking for a move back down to $8,900. And if I get stopped in, I’m going to put my stop in at $10,500 because I think the market is going to have a hard time getting above that.”

Meanwhile, analyst Josh Rager suggests that today’s Bitcoin bounce from $9,200 to around $9,800 is likely a short-term pop before the price moves back down.

https://twitter.com/Josh_Rager/status/1151522530307579905

Rager says his analysis of Bitcoin’s current price action combined with on-chain data indicates Bitcoin may hit a short-term bottom at around the $8,000 mark.

“If I had $10k, I would buy 25% BTC around the mid to high 9ks, another 25% around $9k and another 25% between 8k to 8.5k and have 25% left in case it goes under 8k.

Some suggest 5.6k to 6.4k but support is heavy at $8k.”

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At time of publishing, Bitcoin is up 1.05% at $9,764 according to COIN360. Ethereum is up 7.56% at $215.14, XRP is up 8.08% at $0.3184 and Litecoin is up 15.02% at $91.60.

CoinDesk’s Omkar Godbole says if past is prologue, Bitcoin bulls might not return until BTC dips below $8,000.

Bitcoin

CoinDesk – Strong case emerging for BTC drop below $8,000

Bitcoinist – BTC bears now eyeing $8,800 Target

Ethereum

FXStreet – ETH/USD creeps above $200, ultimate resistance at $230

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XRP

FX Empire – XRP needs support of the broader market to break $0.30

EOS 

Blockonomi – Major bearish trend line is forming with resistance near $4.00

Litecoin, Bitcoin Cash, Binance Coin, Tron

NewsBTC – Crypto market could bleed further: BCH, BNB, LTC, TRX analysis

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