After Encouraging Week Bitcoin and Altcoin Look For New Support

by topic_admin

This past week, there was a solid up movement in bitcoin over the USD 3,900 and USD 4,000 resistance degrees. BTC/USD analyzed the USD 4,050 degree and later adjusted lower. It is now (UTC 08:00 AM) trading under USD 4,000, with lots of supports on the downside above USD 3,900. Similarly, there were bullish moves in ethereum price above USD 135 and USD 140. ETH analyzed the USD 145 resistance and recently adjusted under USD 140. Ripple price spiked above the USD 0. 320 resistance on 2 occasions, however, it failed to maintain gains and later adjusted towards the USD 0. 312 support.

Total market capitalization

Bitcoin price

Finally, there has been a strong bullish tide in bitcoin price above the USD 3,900 resistance. BTC/USD even bankrupt the USD 4,000 weekly resistance region before vendors arose near the USD 4,050 level. A high was shaped just below USD 4,060 earlier the price began a downside correction.
The price is now trading under the USD 4,000 degree, with an immediate service at USD 3,950 and 3,940. However, the main weekly service is currently at USD 3,900, which was a vital resistance earlier. On the upsidedown, the key resistances are close USD 4,000 and USD 4,050.

Ethereum price

Ethereum price also followed a similar pattern and climbed above the USD 135 and USD 140 resistance levels. ETH/USD analyzed the USD 145 resistance and later adjusted under the USD 140 level.
The main weekly affirms are in USD 135 and USD 132, under which there is a risk of greater losses under the USD 130 aid in the near term. On the upside, the USD 140 degree is the initial resistance, followed by the USD 145 pivot degree.

Bitcoin money, eos and ripple price

Bitcoin money performed well lately because it rallied above the USD 140 and USD 148 resistance levels. BCH/USD even jumped over USD 160 before vendors seemed near USD 165. It is now correcting lower, with supports around USD 155 and USD 150.
EOS made another effort to clear the USD 3. 80 resistance, but buyers failed to gain momentum. The price is presently correcting below USD 3. 75 and it might continue to decline towards the USD 3. 65 or USD 3. 62 service region.
Ripple price spiked on a few occasions towards the USD 0. 320 resistance, however, it failed to remain above USD 0. 320 and USD 0. 318. XRP/USD adjusted lower lately and analyzed the USD 0. 314 support. The next main supports are USD 0. 312 and USD 0. 310.

Other altcoins market now

Despite dips in bitcoin and ETHplus a couple of little cap altcoins traded higher and gained greater than 8 percent, including WAX, GXC, KCS, CRO, R and BCH. Out of these, WAX rallied greater than 11percent and GXC is upward approximately 10%.

Overall, the recent up movement in bitcoin was encouraging, however the present correction wave has to find support around USD 3,950 or USD 3,920. On the upsidedown, a brand new daily close over USD 4,000 could trigger renewed buying interest in BTC in the coming sessions.

Find the best price to buy/sell cryptocurrency:

After Encouraging Week Bitcoin and Altcoin Look For New Support 102

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