Bitcoin Could Gain Bullish Momentum While Altcoins Consolidate

by topic_admin

After a short-term downside correction, bitcoin price found recovered and support over USD 3,950. BTC/USD is climbing higher and it is now (UTC 08:10 AM) trading only above the USD 4,000 resistance, with a bullish angle. Therefore, there are opportunities of more upsides over USD 4,025 and USD 4,050 in the coming sessions. On the other hand, ethereum price was largely level, but it remained above the USD 135 and USD 136 service amounts. Ripple price began a short-term rebound and climbed over the USD 0. 313 level. It appears like XRP/USD is preparing for an up movement above USD 0. 314 and USD 0. 315.

Total market capitalization

Bitcoin price

In the previous couple of hours, bitcoin price was able to gain traction because it broke the USD 3,980 and USD 4, respectively 000 resistance levels. BTC/USD is around 0.5 percent and it feels like it may violate the USD 4,025 resistance and revisit the USD 4,050 level. If there are further gains, the price may aim the USD 4,100 level.
On the downside, the USD 4,000 and USD 3,980 amounts are likely to behave as supports. If buyers fail to retain strength, the price could decline back towards the USD 3,950 support.

Ethereum price

Ethereum price remained well bid over the USD 135 and USD 136 service amounts. However, ETH/USD is facing a powerful resistance close the USD 138 degree, over which there are opportunities of a fracture above the USD 140 resistance degree.
If sellers remain in action near USD 138 or USD 140, the price could revisit the USD 135 support. Any further reductions may drive the price into a bearish zone, with the next aid at USD 130.

Bitcoin money, eos and ripple price

Bitcoin money price began a downside correction under the USD 160 support. BCH/USD is presently down about 1 percent and it feels like it may examine the USD 155 support amount in the near term.
EOS is presently consolidating above the USD 3. 65 service level. To begin a brand new bullish wave, the price has to break the USD 3. 75 and USD 3. 80 resistance degrees. The main resistance over USD 3. 80 is currently at USD 4. 00.
Ripple price was able to remain over the USD 0. 312 support and it is currently correcting higher. If XRP/USD surpasses the USD 0. 314 and USD 0. 315 resistance levels, there might be adequate gains towards USD 0. 320.

Other altcoins marketplace now

During the previous two sessions, several little cap altcoins began an up movement and gained greater than 10 percent, including XTZ, GXC, HT, RVN, PAI, CRO, ZEC and IOST. Out of these, XTZ is more than 17percent and GXC gained almost 16%.

The current price action indicates bitcoin price is gaining momentum over USD 4,000. Having said that, BTC/USD should proceed above the USD 4,025 and USD 4,050 resistance amounts to begin a solid up movement. On the other hand, ethereum is trapped in an array and it is likely preparing for the following break.

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Bitcoin Could Gain Bullish Momentum While Altcoins Consolidate 102

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