This past week, bitcoin price failed to surpass the main USD 9,500 resistance region. As a result, there was a downside correction below USD 9,300 and USD 9,200. The price is currently trading in a range above USD 9,200 and it might attempt another upside break above the USD 9,500 resistance.
Similarly, most major altcoins are showing positive signs and trading above important supports, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is currently (08:30 UTC) rising and trading near USD 242. XRP/USD is holding the USD 0.198 support and it might soon revisit the USD 0.205 resistance zone.
Total market capitalization
After a short-term downside correction, bitcoin price started a fresh recovery. BTC is showing positive signs and it is trading above the USD 9,200 level. An immediate resistance is near USD 9,300 and USD 9,320. The main weekly resistance is still near USD 9,500 and USD 9,550, above which the bulls might test the USD 10,000 level.If there is no upside break above USD 9,320 or USD 9,500 this week, there is a risk of a sharp decline below the USD 9,050 and USD 9,000 support levels.
Ethereum price is well above the USD 235 weekly support level. ETH is rising and trading near USD 242. An initial resistance is near the USD 245 level, but the crucial hurdle is still near USD 250.A successful close above the USD 250 will most likely clear the path for more upsides towards the USD 262 and USD 265 levels.
Bitcoin cash price failed to surpass the USD 245 resistance and corrected lower below USD 240. BCH is currently consolidating above USD 235 and it might slowly climb above USD 240. To start a strong increase, the price must surpass the USD 245 hurdle. If not, there is a risk of an extended declined towards the USD 220 support.ADA is gaining traction and it recently broke the USD 0.125 and USD 0.130 resistance levels. It seems like the price is likely to continue higher above the USD 0.135 level. The next major resistance on the upside is close to the USD 0.150 level. On the downside, there are decent supports forming near USD 0.128 and USD 0.125.XRP price tested the USD 0.212 resistance zone this past week before correcting lower. It is now consolidating near the USD 0.200 level, with many supports near USD 0.198 and USD 0.195. On the upside, a clear break above USD 0.205 could pump the price towards the USD 0.212 and USD 0.215 levels.
In the past three sessions, many small-capitalization altcoins rallied over 5%, including LINK, ERD, LRC, DIVI, RLC, FXC, BNT, RSR, XTZ, and ZEC. Out of these, LINK gained over 25% and it traded to a new all-time high above USD 8.00 before correcting lower.
To sum up, bitcoin price is trading above a couple of important supports near USD 9,100 and USD 9,000. As long as there is no close below USD 9,000, BTC might continue to rise towards USD 9,500 and USD 9,550 in the near term._____
Read this article:
Bitcoin and Altcoins Hesitate Ahead of Next Move - Cryptonews
- Bitcoin Cash: Why It's Forking the Blockchain And What That ... - January 26th, 2018 [January 26th, 2018]
- Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH) - January 29th, 2018 [January 29th, 2018]
- Bitcoin Cash Definition | Investopedia - January 31st, 2018 [January 31st, 2018]
- Bitcoin Cash: The New King of Cryptocurrency? | Investopedia - January 31st, 2018 [January 31st, 2018]
- What is Bitcoin Cash? - January 31st, 2018 [January 31st, 2018]
- Bitcoin vs. Bitcoin Cash: What's the Difference ... - February 12th, 2018 [February 12th, 2018]
- Why Bitcoin Cash Is Not Bitcoin [BTC vs. BCH - Differences ... - March 24th, 2018 [March 24th, 2018]
- What is Bitcoin Cash | Learn about Bitcoin Cash - June 21st, 2018 [June 21st, 2018]
- What is Bitcoin Cash? BCH vs Bitcoin | CoinCentral - July 6th, 2018 [July 6th, 2018]
- Bitcoin Cash (BCC) : Everything You need to know about ... - July 22nd, 2018 [July 22nd, 2018]
- Bitcoin Cash, Litecoin and Ripple Daily Analysis 20/07/18 - July 29th, 2018 [July 29th, 2018]
- What is Bitcoin Cash? - cointelegraph.com - July 29th, 2018 [July 29th, 2018]
- How to Claim Your Bitcoin Cash and Sell it for Bitcoin ... - August 2nd, 2018 [August 2nd, 2018]
- Robinhood Adds Bitcoin Cash & Litecoin Trading, Will ... - September 18th, 2018 [September 18th, 2018]
- Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH) - reddit - October 7th, 2018 [October 7th, 2018]
- Bitcoin Cash (BCC) price, rating, news, and analysis ... - November 1st, 2018 [November 1st, 2018]
- Bitcoin Cash | The best Bitcoin can be. - November 1st, 2018 [November 1st, 2018]
- Bitcoin Cash (BCH) Price, Chart, Info | CoinGecko - November 19th, 2018 [November 19th, 2018]
- 'Real Risk': Blockstream Exec Warns Over Bitcoin Cash 51 ... - November 19th, 2018 [November 19th, 2018]
- Is Bitcoin ABC Really Winning the Bitcoin Cash "Hash War ... - November 19th, 2018 [November 19th, 2018]
- Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath - November 19th, 2018 [November 19th, 2018]
- Top 11 Best Bitcoin Cash Wallets (BCH) to Store Bitcoin Cash ... - November 19th, 2018 [November 19th, 2018]
- Bitcoin Cash vs. Bitcoin | The Pros and Cons - CoinCentral - December 27th, 2018 [December 27th, 2018]
- Bitcoin Cash is 41.7% Up, Will the Upside Momentum Sustain? - December 27th, 2018 [December 27th, 2018]
- Bitmain Fires Entire Bitcoin Cash Development Team: Report - December 31st, 2018 [December 31st, 2018]
- Best Bitcoin Cash Wallets (BCH): Free Money For Every ... - March 21st, 2019 [March 21st, 2019]
- Litecoin & Bitcoin Cash Fuel Staggering $33 Billion Crypto Rally - April 9th, 2019 [April 9th, 2019]
- Bitcoin Cash Has Nearly Doubled Since Monday - forbes.com - April 9th, 2019 [April 9th, 2019]
- Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher Despite ... - April 9th, 2019 [April 9th, 2019]
- Bitcoin Cash, Tron (TRX), BNB, LTC & EOS Could Continue To ... - April 9th, 2019 [April 9th, 2019]
- Bitcoin Cash Futures Volumes: A Prelude to the Recent BCH ... - April 20th, 2019 [April 20th, 2019]
- Bitcoin Cash (BCH) Downside Thrust Underway Before Sharp ... - April 20th, 2019 [April 20th, 2019]
- SBI Delists Bitcoin Cash | Keeps Support for Bitcoin SV - April 20th, 2019 [April 20th, 2019]
- Bitcoin Cash: Where BCH Stands the Day after the Hard Fork - April 20th, 2019 [April 20th, 2019]
- Crypto Market Near Turning Point: BNB Up 10%, Bitcoin Cash ... - April 20th, 2019 [April 20th, 2019]
- Crypto Market Wrap: Bitcoin Cash (BCH) Leading $6 Billion Surge - May 9th, 2019 [May 9th, 2019]
- Crypto Investing in the 2020s - FXStreet - October 16th, 2019 [October 16th, 2019]
- Latest cryptocurrency news and prices, 16 October 2019 - The South African - October 16th, 2019 [October 16th, 2019]
- More than 87% of Global Virtual Asset Trading Now Traceable with CipherTrace - Business Wire - October 16th, 2019 [October 16th, 2019]
- More than 87 per cent of global virtual asset trading now traceable with CipherTrace - HedgeWeek - October 16th, 2019 [October 16th, 2019]
- Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH) Price and Analysis Will the Bulls Maintain the Unbeatable Trend? - NullTX - October 16th, 2019 [October 16th, 2019]
- Ex-CEO of Google Africa: Bitcoin a Gift That Will Change Humanity - Cointelegraph - October 18th, 2019 [October 18th, 2019]
- 10 of the Best Telegram Crypto Channels - Bitcoin News - October 18th, 2019 [October 18th, 2019]
- Coinbase, Cash App, Remain Top Rated Places To Easily Buy Bitcoin - newsBTC - October 18th, 2019 [October 18th, 2019]
- Talking Money: The rise and fall and rise again of cryptocurrencies - The Scotsman - October 18th, 2019 [October 18th, 2019]
- The Crypto Daily Movers and Shakers -16/10/19 - Yahoo Finance - October 18th, 2019 [October 18th, 2019]
- CipherTrace adds support for over 700 crypto assets, including bitcoin cash, ether and tether - Yahoo Finance - October 18th, 2019 [October 18th, 2019]
- Binance.US Allowed USA Users To Buy Bitcoin with Debit Cards - Bitcoinik - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin and Altcoins Sighting Next Significant Break - Cryptonews - November 2nd, 2019 [November 2nd, 2019]
- Anonymous Bitcoin Price Prediction Finally Poised to Fail - BeInCrypto - November 2nd, 2019 [November 2nd, 2019]
- Bitwage Allows Companies in the EU, UK and US to Pay Wages in Bitcoin Cash - Inside Bitcoins - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash Price Changed by -2.38 percent - ICO Brothers - November 2nd, 2019 [November 2nd, 2019]
- The Crypto Daily Movers and Shakers -01/11/19 - Yahoo Finance - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash Retraces and Attempts to Retest the Previous High of $300 - Coin Idol - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash more vulnerable to timestamp manipulation than Bitcoin: BitMEX Research - AMBCrypto - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash, NEO and XRP Price Prediction and Analysis for October 29th - NullTX - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash First Halving Countdown Begins, To Happen in May 2020 - Coinpedia - November 2nd, 2019 [November 2nd, 2019]
- The resolution of the Bitcoin Cash experiment - CoinGeek - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash's Q3 performance was horrid here's what happened - The Next Web - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin and Altcoins Topside Bias Vulnerable - Cryptonews - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -0.4 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
- SoFi gets New York BitLicense, set to offer crypto trading in the state - Decrypt - December 4th, 2019 [December 4th, 2019]
- Bitcoin and Altcoins Gaining Bearish Momentum - Cryptonews - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -0.01 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -1.04 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 04/12/19 - Yahoo Finance - December 4th, 2019 [December 4th, 2019]
- Moon Cash | Free bitcoin cash faucet - December 4th, 2019 [December 4th, 2019]
- Altcoin apocalypse the dramatic fall of XRP, Bitcoin Cash and ZEC - Born2Invest - December 7th, 2019 [December 7th, 2019]
- The Crypto Daily Movers and Shakers -07/12/19 - Yahoo Finance - December 7th, 2019 [December 7th, 2019]
- Bitcoin's bumpy revolution may be only just beginning - The Independent - December 7th, 2019 [December 7th, 2019]
- Early BTC Investor Roger Ver Says Bitcoin Cash Set to Skyrocket A Thousand Times From Where It Is Now - The Daily Hodl - December 7th, 2019 [December 7th, 2019]
- Bitcoin Cash Price Analysis - Will The Uptrend Continue Above $212? - KryptoMoney - December 7th, 2019 [December 7th, 2019]
- Award-Winning Bay Area Nonprofit Now Accepts Bitcoin, Bitcoin Cash, and Ethereum Donations through BitPay - Send2Press Newswire - December 7th, 2019 [December 7th, 2019]
- Understanding the distribution of the crypto market: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano - FXStreet - December 7th, 2019 [December 7th, 2019]
- Open Positions Report: Where's the money in the crypto market? Bitcoin, Ethereum, Litecoin, Bitcoin Cash - FXStreet - December 7th, 2019 [December 7th, 2019]
- Bitcoin Cash Price Analysis: BCH/USD ruthless bears gnaw the price towards $200 - FXStreet - December 7th, 2019 [December 7th, 2019]
- Bitcoin Cash (BCH) Bounces, a Move above $227 Increases the Prospect of a Rally - Coin Idol - December 7th, 2019 [December 7th, 2019]
- Rebranded Localcryptos Lets You Cash Out BTC Peer to Peer Minus the Hassle of KYC - Bitcoin News - January 30th, 2020 [January 30th, 2020]
- BCH Price Momentum Astounds the Traders Overnight - NameCoinNews - January 30th, 2020 [January 30th, 2020]
- Bitcoin.com Update: Dev Fund Proposal 'Will Not Go Through' Without More Agreement - Bitcoin News - January 30th, 2020 [January 30th, 2020]