Bitcoin and Ethereum are steadily growing: the analysis of the course and forecasts

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The two most popular cryptocurrencies per day are added to the cost of 4-6%, and the bullish movement continues. Experts build possible scenarios of development of events. Optimists believe that in the near future bitcoin will be able to return to around $9000.

Analysis of bitcoins

The bullish scenario. Bitcoin managed to overcome the critical level of resistance at$6,500, but while the first cryptocurrency continues trading in a downward channel. The 100-day mA is above the 200-day, indicating continued growth. Short-term goals of the currency pair BTC / USD is clear and simple: after the breakout of $6566 following important mark – $6850. After overcoming this resistance, it will be possible to say that bitcoin has entered the zone of risk.

The bearish scenario. The nearest support line formed at the level of $6318. If the asset breaches the support level to continue falling to $6200, and then to $5875.

Analysis of course Ethereum

The bullish scenario. Ethereum almost out of the descending channel. Bulls managed to break resistance, which was supported by the 50 and 100-day moving average. Now the asset has aimed at overcoming the mark of $485. About the end of the bearish trend will be possible to tell if a cryptocurrency will break the line $496 and will continue to grow.

The bearish scenario. The nearest support line is at the level of $450 and $430. A move below again will lead to massive sales and a drop to $418, and then to $384. If the asset again does not break the resistance, it is possible to roll back to the April low of $358.

Indicators point to increasing consumer activity and further growth. MACD and Ichimoku indicate a rising trend. RSI is in the neutral zone, so the bulls have a good head start.

Previously on this topic in the news:

18.06.2018: 3 reasons to invest in Ethereum, but not in bitcoin

Brian Kelly, captainvalor and chief Executive officer of the investment firm BKCM suggests that investing in Ethereum is more promising than bitcoin. And there are three reasons.

3 reasons to invest in Ethereum:

  • Ethereum futures. After researching the air Commission at the securities and exchange Commission (SEC) announced that it does not consider the digital asset securities and will not be adjusted. Kelly said that now the futures Ethereum road is open, however, the investor forgets the reverse side of the coin: the launch of futures may derail the price of cryptocurrency, as it happened with bitcoin. In addition, many believe that the emergence of the futures contracts increases market abuse.
  • Augur. Decentralized platform on the Ethereum blockchain. The largest prediction market (roughly speaking, exchange to predict outcomes of events). If the augur will not collapse the price of air, the effect of the launch of the platform will be very positive.
  • Proof-of-Stake. The transition Ethereum for this algorithm is another factor which will accelerate the growth of cryptocurrencies. This is a serious step to solving the problem of scalability. Recently, the Ethereum Creator Vitalik Buterin said that will also be used protocols, Sharding and Plasma – it will allow to increase system performance 10 000 times.
  • Investors should be aware that although Ethereum and Bitcoin are rivals in market capitalization, they do not compete in the field of technology development. But on the direct competitors of Ethereum cryptocurrency like EOS all the improvements of the system will have a negative impact.

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    24.05.2018: Tom Lee: “3 reasons bitcoin will rise to $25 000”

    Tom Lee Lindstroma prediction on which bitcoin rally after the conference, the Consensus did not materialize, continues to insist that by the end of the year the value of cryptocurrency will rise to $25 000. The forecast analyst with wall street underpins the three factors.

    3 reasons supporting the growth of bitcoin:

  • The cost of production and circulation of bitcoin. When the first cryptocurrency gave about $8000, in an interview with CNBC Tom Lee said that in fact, bitcoin is trading at cost. He has previously said that production costs amount to about $6000.
  • Institutional investors. Many are willing to invest and are interested in digital assets, but can not enter the market due to the uncertainty of the regulation. Tom Lee added that the recognition of bitcoin as an asset class will become a powerful impetus for the resumption of the rally.
  • Historical analysis. The company’s specialists Fundstrat Global Advisors analyzed the history of the development of bitcoin. Interesting, but for all the first borne digital currency, the profit answer only 10 days a year. Tom Lee says that the main thing is not to miss these 10 days since the rally from $8,000 to $25,000 will be very fast.
  • The current situation on the market analyst and investor explains “typical cryptocurrency volatility” and is confident that bitcoin will beat your record from last year.

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    18.05.2018: Bitcoin is no longer popular! China has made a rating of TOP 10 cryptocurrencies

    China has published a ranking of the TOP 10 most popular cryptocurrencies. Digital assets were assessed according to 3 criteria: technology, innovation, application. The results are shocking: Bitcoin was not included even in the top ten.

    Considered 28 of cryptocurrency, the rating is as follows:

  • First place went to an Ethereum – he was awarded maximum scores in innovation and technology.
  • Steem – cryptocurrency social network Steemit to distribute content. The platform is characterized by high transaction speed and reliability.
  • Lisk. A decentralized platform for building applicationsbased Ethereum developers that left the project.
  • NEO. Competitor broadcast, also is a platform with smart contracts for decentralized applications.
  • Komodo. Digital currency combined quality and zcash for bitcoin. A high degree of protection through innovative protocols, secure payment system.
  • Stellar. The platform is designed to facilitate the exchange of Fiat currency and cryptocurrency, as well as payments.
  • Cardano. The blockchain is the platform for building smart contracts and decentralized applications.
  • IOTA. The platform to sell thingswith a high level of protection and its own cryptocurrency.
  • Monero. Currency with a high degree of anonymity, her “trick” – a ring signature by which it is almost impossible to trace transactions.
  • Stratis. A platform for building decentralized applications and implementing them in companies.
  • Ripple the Chinese are not appreciated – it is set in 17th place, Litecoin 21, Bitcoin Cash appropriated in 25th place. Closes rating token NEM. Bitcoin modestly housed in 13th place. For innovation, he was awarded the highest score, but the development of technology of “digital gold” has failed.

    Recall what your rating was and the U.S. Agency Weiss Ratings, in this bitcoin also received a low rating.

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