THELOGICALINDIAN - Bitcoin BTC and the crypto bazaar cap crumbling steadily Many altcoins such as Ethereum ETH binance bread BNB ripple litecoin BCH EOS TRX and ADA are beneath a lot of pressure
Bitcoin Cash Price Analysis
In the accomplished few sessions, bitcoin banknote amount mostly traded in a ambit beneath the $220 and $225 attrition levels adjoin the US Dollar. More importantly, BCH amount somehow captivation the capital $200 abutment area. If there is a downside breach beneath the $200 support, there is a accident of a bead appear the $185 level.
On the upside, an antecedent attrition is abreast the $215 level. However, the capital hurdles are still abreast the $220 and $225 levels.
Binance Coin (BNB), Litecoin (LTC) and EOS Price Analysis
Binance bread (BNB) amount beneath afresh and acclimatized beneath the $15.00 abutment area. BNB amount alike acicular beneath the $14.50 abutment and it is now accumulation losses. On the upside, there are resistances abreast the $14.80 and $15.00 levels. On the downside, the capital abutment is abreast the $14.20 level.
Litecoin amount is crumbling and it afresh acclimatized beneath the $45.00 and $44.50 abutment levels. LTC amount is now abutting the $43.20 support. If it fails to break aloft the $43.20 support, the bears are acceptable to aim the $41.00 abutment breadth in the abreast term.
EOS amount is bootless to break aloft the $2.600 abutment breadth and it is sliding against the $2.500 area. If the amount continues to decline, the bears are acceptable to advance the amount appear the $2.350 level. On the upside, the $2.600 and $2.650 levels are now acceptable to act as hurdles.
Looking at the absolute cryptocurrency bazaar cap alternate chart, there was a abiding abatement beneath the $195.0B abutment area. The crypto bazaar cap analysis the $188.0B abutment and it seems like it is disturbing to authority the ground.
Therefore, a downside breach beneath the $188.0B abutment breadth is acceptable to atom addition accelerate in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and added altcoins in the abreast term.
