Crypto Market Holding Uptrend: Bitcoin Rallies 4%, BNB Tumbles, BCH, EOS, TRX Analysis
The total crypto market cap is currently placed nicely above the $180.0B support area.
Bitcoin price surged another 4% and broke the $6,250 and $6,300 resistance levels.
EOS price is down 1.5% and it is currently trading above the $4.85 support level.
Binance Coin (BNB) declined sharply and tumbled more than 8% below the $20.00 support.
Bitcoin cash price is currently holding gains above the $285 and $290 support levels.
Tron (TRX) price is down 5% and it recently broke the key $0.0240 support level.
Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging
Wednesday May 22, 2019
Crypto markets remain range bound; Binance Coin and Bitcoin SV lifting off, ETH grinding up. Market Wrap Crypto markets are still flat today as the consolidation continues. There has been very little movement on...
The post Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging appeared first on 12bitplay - Bitcoin Play.
The crypto market cap is mostly flat, despite heavy gains in bitcoin (BTC). Most altcoins such as binance coin (BNB), Ethereum (ETH), bitcoin cash, tron (TRX), ripple, litecoin and EOS are currently moving lower.
Bitcoin Cash Price Analysis
There was a decent recovery in bitcoin cash price above the $285 resistance against the US Dollar. The BCH/USD pair even traded above the $290 level and tested $292. At the moment, the price is trading in a range near the $290 support level.
If there is a downside break below the $290 support, the price is likely to slide towards the $285 support. On the upside, the main resistances are near $295 and $300. As long as the price is below $300, it may trade in a broad range.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price struggled to clear the key $4.95 and $5.00 resistance levels. The price recently broke the $4.90 support level and it seems like it could test the $4.85 support level in the near term. Any further declines may push the price towards the $4.80 level.
Tron price trimmed most its gains above the $0.0242 level. TRX price is down more than 5% and it recently broke the $0.0240 support level. It is back in a downtrend and it could extend losses towards the $0.0230 support.
Binance coin (BNB) came under a lot of selling pressure and it recently declined below the $21.00 and $20.00 support levels. BNB price is down more than 8% and it seems to be approaching the $18.50 support level.
Crypto Market Wrap: $8 Billion Back as Correction Gets Quashed
Friday May 24, 2019
Crypto markets bounce back; No correction for BTC yet, NEM, THETA and Waves flying. Market Wrap Crypto markets have rebounded as another correction gets quashed. The big dump from yesterday was expected to accelerate...
The post Crypto Market Wrap: $8 Billion Back as Correction Gets Quashed appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap 4-hours chart, there is a solid bullish bias formed above the $178.0B and $180.00 support levels. The market is also following a strong bullish trend line with current support at $181.0B on the same chart. Therefore, as long as the market cap is above the $180.0B support, it could continue to move higher. On the upside, the main resistances levels are $186.6 and $188.0B. The current trend for bitcoin is super bullish, but most altcoins such as ether, TRX, LTC, EOS, ripple, ADA, XLM, WAN, BCH, and XMR are struggling to follow BTC.
The post Crypto Market Holding Uptrend: Bitcoin Rallies 4%, BNB Tumbles, BCH, EOS, TRX Analysis appeared first on NewsBTC.
This Prominent Investor Sees Bitcoin Surpassing Gold as a Store of Value
Tuesday May 21, 2019
Barry Silbert, CEO of digital investment house Grayscale, has been pushing the #dropgold campaign. At the heart of this is a drive to promote digital currencies as a viable alternative to investing in gold....
The post This Prominent Investor Sees Bitcoin Surpassing Gold as a Store of Value appeared first on 12bitplay - Bitcoin Play.