{"id":7986,"date":"2019-05-02T08:20:58","date_gmt":"2019-05-02T07:20:58","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=7986"},"modified":"2019-09-06T20:58:58","modified_gmt":"2019-09-06T19:58:58","slug":"bitcoin-is-ready-for-further-increases","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/05\/bitcoin-is-ready-for-further-increases\/","title":{"rendered":"Bitcoin is ready for further increases"},"content":{"rendered":"<h1><\/h1>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5331\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet.jpg\" alt=\"Twitter CEO Jack Dorsey thinks Bitcoin will be the Currency of the Internet\" width=\"800\" height=\"450\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-300x169.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-768x432.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-370x208.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-760x428.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/twitter-ceo-jack-dorsey-thinks-bitcoin-will-be-the-currency-of-the-internet-424x239.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">The last month was very good for the crypto markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin showed the ability to climb into the $5,000 area. There was no important selling pressure and that fact can encourage traders that have to expect BTC to see further gains in the near-future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just make comparison with Bitcoin&#8217;s last month close with the one seen in 2015, actually in October 2015. That was succeeded by a bull run.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This question was opened recently. \u00a0A leading cryptocurrency trader revealed that eerie lines are shown today, the similar to 2014\/2015 during the bear season.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin approaches $5,400.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, 2 May, \u00a0Bitcoin is trading under 1% at its prevailing price of $5,375. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But take a look at the time frame of one week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has grown from its lows of $5,100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And after really disturbing news.<\/span><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/monetizing-bitcoin\/\"><span style=\"font-weight: 400;\">What happened?<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">New York regulators shook the crypto world with the declaration that \u00a0BitFinex, one of the leading crypto exchanges, had cheated investors. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The regulators claimed that Bitfinex employed its own \u201cdollar-backed\u201d stable coin, Tether, to mop $850 million in missing funds and put it under the carpet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The news like this one caused great drops in Bitcoin&#8217;s value. But today, this crypto shows differently attitude.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the news was published and widespread, BTC dropped a poor 10%. Moreover, it proceeds to escalate back towards its highs of over $5,600.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides, Bitcoin posted a green monthly candle. For many analysts it is bullish.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, DonAlt, a cryptocurrency analyst, tweeted about BTC\u2019s monthly close. <\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7987\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-further-increases.jpg\" alt=\"Bitcoin is ready for further increases\" width=\"591\" height=\"485\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-further-increases.jpg 591w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-further-increases-300x246.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-further-increases-370x304.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-further-increases-424x348.jpg 424w\" sizes=\"auto, (max-width: 591px) 100vw, 591px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">And there were more very interesting events about Bitcoin in the past weeks.<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For example, TD Ameritrade allowed BTC trading, also, eTrade added BTC and ETH. Oh, yes, Samsung is going to create its own token. And maybe the most important, the French government decided the banks have to support crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, the similarities between Bitcoin\u2019s April of 2019 close and its October of 2015 close, are notably similar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, the conclusion can be that after April&#8217;s close will be followed by a massive bull run. But it would require a massive entrance <\/span><span style=\"font-weight: 400;\">of the money. Are we ready for that?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only in that way, BTC\u2019s price would hit $330k in the next few years said the analysts. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin continues in an uptrend. So it is likely to rise towards the $5,500 level in the coming sessions, very soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <a href=\"https:\/\/www.newsbtc.com\/\">newsbtc.com<\/a>, in the past three sessions, there was a steady rise above $5,280 in bitcoin price against the US Dollar. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The BTC\/USD pair reached traction above the $5,300 resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is above the 100 hourly moving average. The price went up over the $5,340 level and traded at $5,359. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A break above the $5,360 level may open the ways for a potentially the $5,400 level. The next main resistance is near the $5,450 level. That is a point where sellers may arrive. The prevailing price action is positive and, therefore it could be more gains above $5,360. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a downside change appears, the bulls have to protect $5,280 or $5,250.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, it is almost impossible that the next bull run can be the same as in 2015.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But an entrance of money from corporations may be sufficient to feed the new parabolic upwards move. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is what many investors are expecting.<\/span><\/p>\n<p>BTC is at above $5,400 this morning. The consolidation continues.<\/p>\n<p>Don&#8217;t waste your money!<br \/>\n<b><\/b><\/p>\n<p><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>risk disclosure<\/b><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 min read The last month was very good for the crypto markets. Bitcoin showed the ability to climb into the $5,000 area. There was no important selling pressure and that fact can encourage traders that have to expect BTC to see further gains in the near-future. Just make comparison with Bitcoin&#8217;s last month close [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1005],"tags":[75,568],"class_list":["post-7986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-market-today","tag-bitcoin","tag-btc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin rises again and shows the possibility to go further.<\/title>\n<meta name=\"description\" content=\"Bitcoin showed the ability to climb into the $5,000 area. Besides, Bitcoin posted a green monthly candle. 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