Bitcoin and Altcoins Remain Vulnerable Despite Rebound

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Yesterday, there were further gains in bitcoin over the USD 4,040 and USD 4,050 levels. BTC/USD traded into a brand new weekly high near USD 4,070, but it failed to maintain gains. As an outcome, there was a solid decline below the USD 4,000 and USD 3,980 service amounts. The price analyzed the USD 3,900 support amount and later rebounded above USD 3,950. Similarly, there has been a downward movement in ethereum and ripple below the USD 135 and USD 0. 310 support amounts respectively. Both adjusted higher, but facing many barriers on the upside.

Total market capitalization

Bitcoin price

Buyers pushed bitcoin price above the USD 4,000 and USD 4,025 resistance degrees. BTC/USD traded into a brand new weekly high nearby USD 4,070 until it declined heavily. Sellers gained momentum and pushed the price under the USD 4,000, USD 3,980 and USD 3,950 service amounts. The price analyzed the USD 3,900 support amount and later adjusted higher.
BTC climbed above the USD 3,950 and USD 3,960 amounts, but it is facing a powerful resistance close the USD 4,000 and USD 4,010 levels. A thriving close above USD 4,010 is must for further upsides. If not, there is a risk of a new drop to USD 3,900.

Ethereum price

Ethereum price also followed a similar pattern and declined sharply after it failed to apparent the USD 140 resistance. ETH broke the USD 135 support, analyzed the USD 132 support, and afterwards recovered over the USD 135 level.
The price is now (UTC 08:20 AM) trading in a variety close the USD 135 degree, with lots of hurdles near the USD 136 and USD 138 levels. If buyers fail to push the price above USD 138, there might be another dip towards USD 132.

Bitcoin money, eos and ripple price

Bitcoin money price declined sharply below the USD 155 and USD 150 service amounts. BCH/USD analyzed the USD 145 service and recently adjusted over USD 150. An immediate resistance is at USD 154, followed closely by USD 155.
EOS failed to remain over the USD 3. 70 service and declined below USD 3. 60. It analyzed the USD 3. 50 service and recovered over USD 3. 55. However, the previous service at USD 3. 60 is currently acting as a resistance.
Ripple price faced a solid rise in selling pressure after it broke the USD 0. 310 support. XRP/USD dropped below USD 0. 305 and even spiked below USD 0. 300. The price later regained over USD 0. 305, however the USD 0. 310 degree is preventing gains.

Other altcoins marketplace now

In the previous 3 sessions, many little cap altcoins trimmed gains and declined between 5 percent -10 percent, including MOAC, ONT, KCS, CRO, HT, LRC, LINK, ICX, BTT and KMD. Out of these, MOAC is down about 10percent and ONT dropped near 9.5 percent.

Overall, bitcoin price recovered following a sharp decline below USD 3,950. However, BTC/USD must surpass the USD 4,000 and USD 4,010 resistance amounts to maneuver into a positive zone. If not, there is a risk of another slide in the coming sessions towards USD 3,920 or USD 3,900.
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Bitcoin and Altcoins Remain Vulnerable Despite Rebound 102

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