Pi Network - auto mobile mining: Join now and be one of the pioneers!!

Blog

This past week, bitcoin price started a strong upward move from the USD 7,550 support area. BTC/USD gained more than 25% and broke many resistances near USD 8,500 and USD 9,000. It even rallied above USD 10,000 before starting a downside correction. Currently (08:00 UTC), the price is trading above USD 9,000 with a lot of positive signs.
Also, many major altcoins rallied significantly, including ethereum, bitcoin cash, ripple, EOS, BNB, TRX, ADA and XLM. ETH/USD tested the USD 200 resistance area before correcting to USD 175. XRP/USD is also showing a lot of positive signs, but it seems to be facing hurdles near USD 0.305 and USD 0.308. Overall, the crypto market is trading in a nice uptrend and it could continue to rise in the coming days.

Total market capitalization

Bitcoin Price and Altcoins Poised for Further Appreciation 101
Source: www.tradingview.com

Bitcoin price

After correcting lower, bitcoin price found support near the USD 8,000 area. BTC/USD is currently climbing higher and is trading well above the USD 8,500 and USD 9,000 support levels. On the upside, an immediate resistance is near the USD 9,800 area. However, the main weekly resistance for the bulls is near USD 10,000, above which the price could rally towards USD 11,200.
On the downside, there are many supports near USD 9,100 and USD 9,000. The main weekly support is near USD 8,500, below which the price could start an extended decline towards the USD 7,800 support.

Ethereum price

Ethereum price also followed bitcoin and rallied significantly towards the USD 200 resistance. Later, it corrected heavily and tested the main USD 175 support area. ETH/USD is currently climbing higher towards the USD 190 and USD 192 resistance levels.
The key hurdle is near USD 200, above which the price might test USD 225. On the downside, the USD 180 and USD 175 levels are important support. If there are more downsides, the price could revisit USD 165.

Bitcoin cash, eos and XRP price

Bitcoin cash price surged above the USD 240 and USD 250 resistance levels. BCH/USD is currently trading above USD 250, with an immediate resistance near USD 265 and USD 270. The next major resistance is near the USD 300 level. On the downside, the main weekly support is now near USD 240.
EOS climbed above the USD 3.000 and USD 3.250 resistance levels. The price is currently trading above USD 3.300 and facing resistance near the USD 3.400 and USD 3.500 levels. If there is a downside correction, the USD 3.200 zone might provide support.
XRP price also gained pace in the past few days above the USD 0.292 and USD 0.300 resistance levels before correcting lower. At the moment, XRP/USD is facing hurdles near USD 0.305 and USD 0.308, above which it could rally to USD 0.320.

Other altcoins market today

In the past three sessions, many small capitalization altcoins rallied and surged more than 20%, including BTM, NAS, ONT, GXC, QTUM, HC, IOST, TRX, NEO, ELA, VET and ELF. Out of these, BTM surged more than 100% and NAS climbed close to 50%.

Overall, bitcoin price is trading in an uptrend and it is likely to climb above USD 10,000 in the coming days. Even if there is a downside correction, the USD 8,500 support area might act as a strong buy zone in the near term.
_____

Find the best price to buy/sell cryptocurrency:

Bitcoin Price and Altcoins Poised for Further Appreciation 102

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts

DOWNLOAD MY EBOOK FOR FREE

"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris

Resources

  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2021 Cryptoracle.info - Crypto News