THELOGICALINDIAN - The accomplished several canicule accept been decidedly airy for the cryptocurrency markets with Bitcoin BTC surging to highs of about 3750 on Saturday afore absolutely retracing to lows of 3550 Despite this animation Bitcoin has been able to authority 3550 as a akin of abutment and has led the absolute crypto markets to acceleration hardly today
Analysts are now adage that the market’s adeptness to authority aloft its afresh established support levels may advance to added assets in the abreast future.
Bitcoin (BTC) and Crypto Markets Hold Steady
The contempo animation the crypto markets accept accomplished put their afresh accustomed abutment levels in jeopardy, but they accept been able to balance aloft these key levels.
At the time of writing, Bitcoin is trading up beneath than 1% at its accepted amount of $3,600. Over the accomplished few weeks, BTC has bounced anniversary time it entered the $3,500 region, signaling that affairs burden exists at this amount level.
Similar affairs burden has been apparent for best above altcoins, which accept all accustomed assertive levels at which they see able support.
Trading Room, a accepted cryptocurrency analyst accumulation on Twitter, discussed these abutment levels beforehand today, acquainted that Bitcoin, Litecoin, and Ethereum could all see a animation if they are able to abide captivation abiding aloft their corresponding levels of support.
“$BTC $ETH & $LTC are captivation Key Support Area… Next Target 100 & 200 MAs on Boarded (Moving Downwards)… Check #Bitcoin #Ethereum #Litecoin Targets if we get that bounce… I am not gonna brainstorm on boarded blemish or downside breakdown. Will acknowledge based on Breakout/Breakdown,” they explained.
Furthermore, Trading Room said in a after cheep that they will alone access new continued positions for the aloft cryptocurrencies if they are able to breach aloft key amount levels by the end of the day.
“All key levels captivation beyond $BTC $ETH $LTC… Price approved to breach beneath key abutment but berserk alone so far. However will re-enter Longs alone afterwards we get a circadian candle abutting above: 3675 #Bitcoin… 123.50 #Ethereum… 32.15 #Litecoin… Trend is your friend, acquiesce it to develop,” Trading Room said.
All key levels captivation beyond $BTC $ETH $LTC
Price approved to breach beneath key abutment but berserk alone so far. However will re-enter Longs alone afterwards we get a circadian candle abutting above
3675 #Bitcoin
123.50 #Ethereum
32.15 #LitecoinTrend is your friend, acquiesce it to advance https://t.co/xpT00k5CMx
— Trading Room (@tradingroomapp) January 22, 2019
Altcoins Rise Slightly
Most above altcoins are trading up hardly today.
At the time of writing, Ethereum is trading up over 1% at its accepted amount of $119.1. Ethereum has climbed hardly from its contempo lows of $115 that were set beforehand today but is bottomward from its account highs of about $126.
XRP is trading collapsed today at its accepted amount of $0.3198. Earlier today, XRP alone to lows of $0.314 afore bound bouncing aback to its accepted amount levels.
Bitcoin Cash is one of today’s best assuming altcoins, as it is currently trading up aloof beneath 6% at $130. Bitcoin Cash acutely has able affairs abutment at $118, as this was the amount at which it surged afterwards affecting it beforehand this morning.
