THELOGICALINDIAN - Bitcoin BTC and the crypto bazaar cap are currently acclimation college Ethereum ripple BNB BCH litecoin and EOS are convalescent but adverse abounding resistances
Bitcoin Price Analysis
After a downside breach beneath the $7,000 support, bitcoin amount traded abutting to the capital $6,500 abutment area (as per the average appellation outlook). The beasts took a able angle and the amount afresh started an upside correction.
BTC amount is now trading aloft the $6,800 akin and testing the $7,000 attrition area. If there are added gains, the amount is acceptable to analysis the $7,120, $7,150 and $7,200 levels in the abreast term.
On the downside, an antecedent abutment is abreast the $6,880 level, beneath which the amount is acceptable to retest the capital $6,500-$6,600 abutment breadth in the abreast term. Any added losses may conceivably advance the amount appear the $6,400 level.
Looking at Ethereum, the amount is now trading aback aloft the $140.00 and $142.00 levels. However, ETH is adverse a lot of attrition on the upside abreast the $146, $148 and $150 levels. On the downside, the capital supports are abreast the $136 and $135 levels.
Similarly, ripple amount is adverse a lot of hurdles on the upside abreast the $0.2200 and $0.2220 levels. However, there are abounding absolute signs arising from the $0.2025 abutment area.
Looking at the absolute cryptocurrency bazaar cap 4-hours chart, there was a abiding abatement beneath the $220.0B and $200.0B abutment levels. The crypto bazaar cap alike bankrupt the $185.0B abutment and activated the $170.0B zone.
A low was formed abreast the $171.4B akin and the bazaar cap is currently acclimation higher. It bankrupt the $180.0B attrition to alpha the recovery. It is now trading abreast the $185.0B attrition breadth and a bearish trend band on the aforementioned chart. The capital hurdles are abreast $190.0B, $194.0B and $200.0B.
Therefore, a bright breach aloft the $194.00 and $200.0B levels is bare for added upsides in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and IOTA in the abreast term.
