Home / Crypto News / Forecast: Bitcoin Price (BTC) bull market starting at $ 11,700 plus Ripple XRP, Ethereum, Bitcoin Cash and Litecoin Updat

Forecast: Bitcoin Price (BTC) bull market starting at $ 11,700 plus Ripple XRP, Ethereum, Bitcoin Cash and Litecoin Updat

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Bitcoin Hype Rally
Is the current Bitcoin price rally based on hype or fundamentals?

Today is about a potential Bitcoin bull market, a new crypto exchange, a ripple interview and the integration of the BitTorrent token.

Bitcoin Course

The remarkable Bitcoin Rally 2019 continues. For example, Bitcoin has grown from its year low of about $ 3,200 to $ 8,773. That's an increase of 174 percent, which far exceeds that of the top companies in the S & P 500 stock index.

The surge has convinced a number of traders that a new bull market is now pending. This includes Vinny Lingham. So Lingham wrote on Twitter:

“Which part of” I see Bitcoin positive if it exceeds the $ 6,200 limit and stays there 24-48 hours “is ambiguous please? Yes, I am positive about the Bitcoin course. Do I think we will reach $ 20,000 next month? Certainly not, but everything is possible … “

What part of – “I'm bullish on Bitcoin if it breaks and holds $ 6200 for 24-48 hours” is ambiguous? Yes, I'm now bullish on Bitcoin. Do I think we hit $ 20k in the next month? Absolutely not, but, anything is possible …

– Vinny Lingham (@VinnyLingham) May 13, 2019

Buy Bitcoin

Nevertheless, not everyone is convinced that the next bull market for Bitcoin has officially ushered in. So the cryptotrader “Teddy” regards the current rally as hype. Through Twitter, he told his 19,000 followers that he believed in a bull market only on one condition. That's the case when Bitcoin gets over $ 11,700. This is a limit that Bitcoin tested three times in 2018 and never exceeded.

# bitcoin – $ BTC

It's still ridiculously early to talk about this, but ☝🏻

There is one level, and one level only that wants to confirm a bull run:

* A BREAK OF 11.7K *

That resistance is what the bull market and the bear market official ⚔️ pic.twitter.com/4Qe6jWZOsR

– TEDDY 🌐 (@teddycleps) May 27, 2019

Cryptanalyst Nicholas Merten (pseudonym: DataDash) also sees no bull market. Rather, he expects a price decline of 40 percent. This should, in his opinion, follow a possible price increase to 10,000 USD.

Peter Brandt was similarly skeptical. As an analyst, Brandt is well known for having accurately predicted the Bitcoin crash in January 2018. On Twitter, Brandt said the rally is currently in the “FOMO phase”. The traders would fear losing profits. A correction of the price is therefore probable.

This is the FOMO phase of the advance. Once the majority of sold-out crypto bulls capitulate and chase this rally a more sizable correction will likely occur, stopping out the same bulls, who are chasing this advance. pic.twitter.com/xqeIWKfwEQ

– Peter Brandt (@PeterLBrandt) May 27, 2019

Ethereum, Ripple XRP, Litecoin and Bitcoin Cash

The much anticipated launch of the crypto exchange Taotao has been officially announced for May 30. The crypto exchange is supported by Yahoo Japan.

At the crypto exchange, traders should be able to trade Bitcoin (BTC) and Ethereum (ETH) right from the start. Margin trading should be possible for Litecoin (LTC), Ripple XRP and Bitcoin Cash (BCH).

Ripple XRP

The French economic website Le Journal du Net has interviewed Marjan Delatinne. Delatinne is the global head of banking at Ripple Labs.

Marjan Delatinne (Ripple): “Plus de 200 institutions financières sont en production chez ripple” https://t.co/bcKId19mjr pic.twitter.com/93DzUzZ1D7

– Le Journal du Net (@journaldunet) May 27, 2019

In the interview, Delatinne talks about ripple partnerships with European banks. These include Santander and Crédit Agricole. Delatinne also states that Ripple now has two to three financial institutions per week.

Buy Ripple XRP

Tron

Tron founder Justin Sun has commented on the company's own filesharing platform, BitTorrent. So he announced that the platform will be officially integrated into the Tron network on May 30. With the integration, the company wants to provide users with an incentive to share files. To do this, users should be rewarded for sharing with the Tron-based BitTorrent token.

Welcome to the next generation of decentralized storage systems! #BTFS wants to be the largest decentralized P2P storage network with close to 100 million @BitTorrent user nodes, over 1000 #TRON full nodes, 27 SR nodes, and global #TronGrid nodes. 3 days left! Are you excited? pic.twitter.com/Gj3TzTM1Qg

– Justin Sun (@justinsuntron) May 27, 2019

Source: Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/prognose-bitcoin-kurs-btc-bullenmarkt-erst-ab-11-700-usd-plus-ripple-xrp-ethereum-bitcoin-cash- and-Litecoin-update /

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