From Bitcoin’s odds of hitting a fresh 2019 high to new support for Ethereum and XRP, here’s a look at some of the stories breaking in the world of crypto.
Tone Vays says the Bitcoin breakout he’s been looking for has finally arrived. The veteran trader, who has called himself the “last bear left” says he’s changing his tune after witnessing Bitcoin climb back and remain above $12,000. Vays says the next key level of resistance to watch is the spot where BTC hit its 2019 high near $14,000.
“We have broken the three prior swing lows. That’s a very good sign. There’s only one left. There’s only one hurdle to go and that’s the top at $13,880 – and the four-hour chart closed pretty much in that area.”
Meanwhile, analyst Josh Rager is outlining the same resistance level and says he believes at this point, there’s not much in the way of Bitcoin attaining that new yearly high.
Fool me once, shame on you… Fool me twice, shame on me
No way was I shorting Bitcoin after a close under the resistance again
Not much stopping this train, just minor daily & weekly resistance left until new yearly highs pic.twitter.com/81Fy43HJZw
— Josh Rager 📈 (@Josh_Rager) July 9, 2019