{"id":59848,"date":"2020-01-29T02:19:19","date_gmt":"2020-01-29T00:19:19","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59848"},"modified":"2020-01-29T02:19:19","modified_gmt":"2020-01-29T00:19:19","slug":"bitcoin-surges-9400-analysts-upside","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-surges-9400-analysts-upside\/","title":{"rendered":"Bitcoin Surges to $9,400, And Analysts Say More Upside Is Coming"},"content":{"rendered":"<p><a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\">Bitcoin<\/a> is back! Over the past few days, the cryptocurrency has begun its latest moon mission, rocketing from a local low of $8,200 set on the 24th to a high of $9,425 just minutes ago as of the time of writing this article. This means that the price of the asset is up 15% in around five days&#8217; time, and up around 47% since the $6,400 low established in December.<\/p>\n<p><img src=\"https:\/\/www.tradingview.com\/x\/EYV3Lpbo\/\" alt=\"\" title=\"\"><\/p>\n<p>While the cryptocurrency has paused at $9,400, running into some short-term resistances, analysts say that this latest surge is a precursor to an even bigger move higher for Bitcoin and its ilk, for it invalidates bear trends.<\/p>\n<h2><strong>Bitcoin About to Surge Even Higher?<\/strong><\/h2>\n<p>Quantum Economics founder Mati Greenspan noted that this latest move has confirmed a massive breakout for Bitcoin, one that is likely to bring prices even higher:<\/p>\n<blockquote><p>&#8220;The downward Channel is Officially Pulverized! At this point, the breakout is clear. The 200 DMA is in the dust. Get your rockets &amp; lambos ready bois, we goin to da moon.&#8221;<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKOUT CONFIRMED!!<\/p>\n<p>The downward Channel is Officially Pulverized! \ud83d\udd25\ud83d\udca5\ud83d\udd25<\/p>\n<p>The downward Channel is Officially Pulverized!  At this point, the breakout is clear. The 200 DMA is in the dust. Get your rockets &amp; lambos ready bois, we goin to da moon. \ud83d\ude80\ud83c\udfce\ufe0f\ud83c\udf1b <a href=\"https:\/\/t.co\/rDZVPjsKg9\" rel=\"nofollow\">pic.twitter.com\/rDZVPjsKg9<\/a><\/p>\n<p>&mdash; Mati Greenspan (tweets \u2260 financial advice) (@MatiGreenspan) <a href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/1222312079761133568?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">January 29, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Of course, the message he wrote above was imbued with quite a bit of creative license seemingly for comedic effect, but the point Greenspan is making is clear: Bitcoin bulls are ready to move the cryptocurrency out of the seven-month downtrend that brought prices from a high of $14,000 to $6,400 in a dramatic fashion.<\/p>\n<p>There&#8217;s also an<a href=\"https:\/\/twitter.com\/JosephTodaro_\/status\/1222308659537108992\" rel=\"nofollow noopener\"> impending golden cross event<\/a> in the 50-day exponential moving average and the 200-day moving average, which should further support the bull case in the coming weeks, for it would suggest that buyers are in control.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If you are inclined to think the golden cross is a bullish event <\/p>\n<p>we are nearly there <a href=\"https:\/\/t.co\/bognm66uGX\" rel=\"nofollow\">pic.twitter.com\/bognm66uGX<\/a><\/p>\n<p>&mdash; Joseph Todaro (@JosephTodaro_) <a href=\"https:\/\/twitter.com\/JosephTodaro_\/status\/1222308659537108992?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">January 29, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>That&#8217;s not the only bullish sign.<\/p>\n<p>In a recent tweet, <a href=\"https:\/\/twitter.com\/davthewave\" target=\"_blank\" rel=\"follow noopener noreferrer nofollow\" data-wpel-link=\"exclude\">Dave the Wave<\/a> wrote that he weekly Moving Average Convergence Divergence (MACD) \u2014 a trend-following indicator that signals market directionality \u2014 has just crossed into the green territory, just saw a bullish cross, and the MACD level is just below the zero line\u2026<a href=\"https:\/\/en.ethereumworldnews.com\/full-on-bitcoin-surge-set-to-bring-prices-above-20000-to-soon-begin\/\"> \u201cabout to enter official bull territory.\u201d<\/a><\/p>\n<pre>Featured Image from Unsplash<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is back! Over the past few days, the cryptocurrency has begun its latest moon mission, rocketing from a local low of $8,200 set on the 24th to a high of $9,425 just minutes ago as of the time of writing this article. This means that the price of the asset is up 15% in around five days&#8217; time, and up around 47% since the $6,400 low established in December. While the cryptocurrency has paused at $9,400, running into some [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":59403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[188,6971,3537,162],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/59848"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=59848"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/59848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/59403"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=59848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=59848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=59848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}