Fundstrat to Clients: Bitcoin Dip Is Over, Crypto King Poised for New Rally – BTC, Ethereum, XRP, Litecoin Forecasts

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A technical analyst at Fundstrat Global Advisors says now is the time to buy Bitcoin.

In a new note to clients, strategist Rob Sluymer says Bitcoin’s relative strength index (RSI) is starting to show an upward shift in Bitcoin’s momentum, reports Bloomberg.

“Another upside attempt appears to be developing for most cryptocurrencies. Increase exposure. We expect Bitcoin to stage another rally from current levels toward next resistance between $8,800-$9,000.”

Sluymer also highlights the “impressive” performance of Litecoin, advising clients to “continue to use near-term pullbacks to accumulate.”

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Meanwhile, analyst Crypto Thies told his 28,000 followers on Twitter that the 3-day RSI doesn’t look so hot. He’s seeing warning signs for BTC, and is selling his Bitcoin for Tether to see if the leading cryptocurrency can close above $8,200.

Right now, Bitcoin is up 1.32% at $8,242 according to COIN360. Ethereum is up 1.37% at $259.38. XRP is up 0.65% at $0.4026, and Litecoin is down 1.54% at $131.20.

Meanwhile, CoinDesk’s Omkar Godbole says a long-term Bitcoin indicator could soon turn bullish for the first time since late 2015.

Bitcoin

CoinDesk – Bitcoin price eyes chart pattern that kicked off bull market in 2015

Blockonomi – BTC making gains, next resistance at $8500

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Ethereum

Crypto Briefing – Ethereum has avoided the dark side, now drifting back upwards

Coinspeaker – ETH/USD price broke up $258 level, exposed $289

XRP

Blockonomi – XRP showing positive signs above the $0.4000 pivot level

FXStreet – XRP gains support above several important technical levels

Litecoin

Blockonomi – LTC hits $140, now correcting down

FXStreet – Doji pattern sends a bearish signal for LTC

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.

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