Bitcoin, ETH & XRP: Is the Bearish Trend Actually Ending?

[Goodcat49]

Bitcoin (BTC) is accumulating profits after a significant surge in value on Tuesday, March 5. The flagship crypto hit around $3,900 resistance, but the positive impetus bleached during hypothetical standing on the crypto market. Bitcoin is currently trading at around $3,934 (-0.53% 24h and 1.96% 7d) price, with a market cap (MC) of more than $69.169 billion.

BTC/USD 24h
 
Bitcoin (BTC/USD) is now soaring to a point of interest at the middle of its range on the 60-minutes time frame, still determining whether to rebound to the top or go back to support.   

Litecoin is currently trading at $56.85 (-2.84% 24h and 16.62% 7d), EOS is changing hands at $3.72 (-1.99 percent 24-hour and 4.33% 7-day). Binance Coin (BNB) is still trading like a hot cake at $14.39 (-2.48% 24-hour and 24.72 percent 7-day) with a market cap of $2.031 billion. BNB is now in the 7th Rank by MC on coinmarketcap. It has just  surpassed Tether which is trading at $1.01 (-0.07 percent 1-hour, -0.11 percent 24-hour and -0.25 percent 7-day).   

A major resistance point is seen right above the latest price. It is being formed by a confluence of technical indicators such as 38.2 percent Fibo retracement daily, weekly & monthly.   
The subsequent positive barrier is spotted at psychological $4,000 which has Fibo 23.6 percent monthly and the around 61.8 percent Fibo retracement weekly found slightly above this point. 

The downward trend shows that the initial support level falls below the latest price, which is being made by a confluence of technical indicators such as SMA100, SMA5 4-hour and Fibo retracement 61.8 percent daily.   

Applying UTXO’s to Study Long Term Bitcoin Price Cycles

Studying BTC’s aggregate UTXO (unspent output from bitcoin transactions) age distribution over a given period of time gives perception into the purchasing and selling patterns of preceding market cycles. This enables us to predict where we are in relation to prior cycles and what we can possibly expect going forward.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bearish-trend-ending/

[damsix]

Prices have not been fully gone but now Bitcoin stays in prices around 3000-4000 USD.
It's like this continues from January 2019 until now at the end of March.

I think this is the lowest point of Bitcoin and I hope so don't do DUMP anymore. LOL.

[Fenix]

It is already good that bitcoin and another cryptocurrency do not fall in price for a long time, but on the contrary, we see its stabilization and an increase in readiness for growth. However, we still do not observe the bull market. While we are only waiting for its occurrence.

[CINEMADROM]

Even if it is the bottom, then there will be a long flat.

[toheed2x]

yes feels like something happening rapidly but still I can't say it bullish not look like that