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  • Crypto Analysts: Key Indicator Extremely Bullish for Bitcoin – BTC, Ethereum, XRP, Litecoin, Binance Coin, Cardano, Bitcoin Cash, EOS, Tron Forecasts

Crypto Analysts: Key Indicator Extremely Bullish for Bitcoin – BTC, Ethereum, XRP, Litecoin, Binance Coin, Cardano, Bitcoin Cash, EOS, Tron Forecasts

May 08, 2019

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Crypto analyst and economist Alex Krüger says Bitcoin’s stability in the aftermath of the newly revealed Binance hack proves Bitcoin is no longer in a bear market.

In a bear market this would have easily have caused a deluge. Either way, good excuse for bulls to take cover, bears to charge.

Fundstrat analyst Tom Lee responded to Krüger with an image of a bull lifting a car, suggesting we’re now in “a certain type of market.”

Sign of a certain type of market pic.twitter.com/ZXKQO9MMom

Krüger is also highlighting BTC’s overall reaction to recent negative events in the news, highlighting the fact that crypto traders no longer seem to be deterred by the headlines.

Notice the pattern: bitcoin stopped caring about bad news. $BTC pic.twitter.com/lgk5qo5lYw

— Alex Krüger (@krugermacro) May 8, 2019

Right now, the crypto market is mixed. Bitcoin is up 0.81% at $5,875. Ethereum is down 0.77% at $168.27, and XRP is up 0.50% at $0.2999.

Technical analysts at large are watching Bitcoin’s push to pass $6K and debating whether altcoins can keep up.

Bitcoin

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Ethereum

XRP

Litecoin

Bitcoin Cash, Binance Coin, EOS, Tron, Cardano

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.