Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

THELOGICALINDIAN - Bitcoin BTC and the crypto bazaar cap are currently in a abundant declivity Ethereum ETH BCH arch XLM ADA EOS ripple and tron TRX are beneath a lot of affairs pressure

Bitcoin Cash Price Analysis

Recently, BCH amount beneath heavily beneath the $265 abutment breadth adjoin the US Dollar. The amount alike bankrupt the $250 abutment breadth and traded abutting to $235. It is currently accumulation losses aloft $240 and adverse a able attrition abreast the $250 and $255 levels.

The capital attrition is now abreast the $265 level. On the downside, an antecedent abutment is abreast the $235 level, beneath which the amount could analysis the $225 level.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS amount beneath acutely in the accomplished few canicule and bankrupt abounding key supports abreast $3.500 and $3.350. The amount is now trading in a bearish area and it is abutting the $3.050 and $3.000 abutment levels. A downside breach beneath $3.000 ability advance the amount appear $2.850.

Stellar amount akin best its assets from able-bodied aloft the $0.0700 akin and it is now crumbling beneath $0.0168. XLM amount alike bankrupt the $0.0650 abutment and it seems like it is acceptable to analysis the $0.0620 abutment area. On the upside, the $0.0665 may conceivably act as a resistance.

Tron amount faced an access in affairs burden afterwards it bankrupt the 0.0185 abutment area. TRX amount is bottomward about 4% and it is trading abreast the $0.0165 abutment area. If there are added losses, the amount is acceptable to abide lower appear the $0.0152 abutment area.

Looking at the absolute cryptocurrency bazaar cap 4-hours chart, there are abounding bearish signs arresting beneath the $220.0B and $230.0B attrition levels. On the downside, the capital abutment is abreast the $210.0B level, beneath which there is a accident of a bead appear the $200.0B abutment area. Therefore, there are affairs of added downsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and added altcoins in the abreast appellation unless the crypto bazaar cap climbs aback aloft $230.0B.