Bitcoin and Altcoins Might Gain Bullish Momentum

by topic_admin

In the previous couple of hours, there were numerous swing motions in bitcoin over the USD 3,880 resistance. BTC even dropped sharply under USD 3,850, but downsides were limited. The price is now (UTC 08:20 AM) trading with a positive bias over the USD 3,880 degree and it feels like buyers are eyeing an upside break above USD 3,900 and USD 3,950. Ethereum price retested the USD 130 service and bounced back over USD 132. ETH/USD is moving higher and it could evident the USD 135 resistance in the near term. Ripple price is presently consolidating above USD 0. 311 and it might rise towards the USD 0. 314 and 0. 315 resistance degrees.

Total market capitalization

Bitcoin price

After a sharp dip below the USD 3,850 service, bitcoin price shrunk back. BTC/USD is trading over the USD 3,850 service, with a positive angle. The present technical construction is positive and it feels like there are high odds of an upside break above the USD 3,900 and USD 3,920 resistance degrees.
The following important resistances are in USD 3,950 and USD 4,000. If there is a downside correction under the USD 3,850 support, the price could revisit the USD 3,800 service level.

Ethereum price

Ethereum price also followed a similar pattern and declined sharply below the USD 131 and 130 levels. Later, ETH/USD recovered and settled over USD 132.
The price is trading higher, with signs of an upside down above the USD 134 and USD 135 resistance levels. If buyers fail again, the price will likely revisit the USD 130 support region in the coming sessions.

Bitcoin money, eos and ripple price

Bitcoin money price increased steadily over the USD 130 and USD 131 resistance levels. BCH/USD is now trading over USD 132 and it might rise towards the USD 134 and USD 135 resistance levels. On the downside, the USD 130 degree is the primary support.
EOS is again attempting to clean the USD 3. 60 resistance degree. If it succeeds, the second stop for buyers might be USD 3. 70 or USD 3. 75. On the downside, the main supports are close USD 3. 55 and USD 3. 50.
Ripple price is trading level above the USD 0. 310 and 0. 311 amounts and facing plenty of hurdles near the USD 0. 312, USD 0. 314 and USD 0. 315 levels. If there is a downside break below the USD 0. 310 assistance, XRP could decline towards the USD 0. 305 support.

Other altcoins market now

In the previous two sessions, several little cap altcoins extended gains and transferred by over 8 percent, including CRO, LSK, DGTX, QTUM, MCO, WAN, XVG, XEM, DCR and PPT. Out of these, CRO rallied greater than 50percent and LSK is up near 20%.

The overall technical formation is suggesting gains in bitcoin provided that there is not any daily close below USD 3,800. On the upside, BTC must gain advantage over the USD 3,900, USD 3,950 and USD 4,000 resistance amounts to continue higher.

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Bitcoin and Altcoins Might Gain Bullish Momentum 102

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