Crypto Market Consolidating Gains: Bitcoin Cash, BNB, EOS, TRX Price Analysis
The total crypto market cap rallied above the $200.0B and $210.0B levels before correcting lower.
Bitcoin price tested the $7,500 resistance level and recently corrected towards $7,000.
EOS price tested the $5.50 resistance level and it is currently well above the $5.20 support.
Binance Coin (BNB) recovered nicely and it is now trading above the $21.20 resistance level.
Bitcoin cash price is currently holding gains above the $285 and $290 support levels.
Tron (TRX) price is back above the $0.0240, but it must clear the $0.0250 resistance level.
Bitcoin Blasts Below $10K, Following Senate Hearing on Facebook Crypto
Tuesday July 16, 2019
Bitcoin price continues to dive following a rejection a couple weeks back from $13,800 that stopped Bitcoin’s parabolic rally dead in its tracks – and may have done so for the remainder of the...
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The crypto market cap remains well supported, with positive moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), litecoin, ripple, and EOS are placed above key supports.
Bitcoin Cash Price Analysis
There was a sharp upward move in bitcoin cash price above the $300 and $320 resistance levels against the US Dollar. The BCH/USD pair even spiked above the $340 resistance and settled well above the $350 resistance zone.
The pair is currently consolidating gains above the $350 level, with many supports near the $344 and $340 levels. ON the upside, an initial resistance is near the $360 level, above which the price could retest the $375 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price started a strong upward move after it broke the $5.00 and $5.05 resistance levels. The bulls gained momentum above the $5.20 and $5.30 levels. The price even tested the $5.50 level and it is currently correcting lower. An immediate support is at $5.35, below which the price may test $5.30.
Tron price traded in a range for a few sessions before it climbed above the $0.0238 and $0.0240 resistance levels. TRX price spiked towards the $0.0250 level, but it failed to retain momentum. It is currently trading near $0.0430, with an immediate support near the $0.0240 level.
Binance coin (BNB) started a fresh increase after it tumbled towards the $18.50 support. BNB price bounced back above the $20.00 and $21.00 levels. It is currently trading above $21.50 and it seems like it could test the $22.00 or $22.15 level.
US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan
Tuesday July 16, 2019
The United States government is about to crack down on the entire bitcoin industry, according to Mati Greenspan of eToro. The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin’s remarks on...
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Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp rally above the $190.0B and $200.00 resistance levels. The market cap even broke the $208.0B and $210.0B resistance levels. It posted a new monthly high at $213.7B before starting a downside correction. It declined below the $205.0B and $200.0B levels. However, the $196.0B-198.0B area acted as a strong support. The market cap is currently consolidating and it is likely to resume upside above $205.0B. Therefore, there could be a fresh increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the coming sessions.
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Donate Bitcoin to Protect Internet Privacy With New Tor Project Crowdfund
Monday July 15, 2019
As part of its fight against internet surveillance, those behind the Tor Project have announced a Bitcoin donation fund. The group is hoping to raise $10,000 over the next two weeks to help fund...
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