Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis
The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance.
Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels.
EOS price recovered more than 5% and it is now trading near the $3.650 resistance.
Ethereum Classic price rallied close to 20% and broke the $7.00 resistance area.
BCH price is back above $305, but it is facing many hurdles on the upside near $320.
Tron (TRX) price is up around 8% and is approaching the $0.0185 resistance area.
Bitcoiners Angered by HTC’s Support of Bitcoin Cash (BCH)
Monday September 16, 2019
Taiwanese smartphone manufacturer HTC has just announced that it is partnering with Bitcoin.com. The move will see its Exodus One flagship blockchain-enabled device feature native Bitcoin Cash (BCH) support. However, many Bitcoin (BTC) proponents are...
The post Bitcoiners Angered by HTC’s Support of Bitcoin Cash (BCH) appeared first on 12bitplay - Bitcoin Play.
Bitcoin (BTC) and the crypto market cap is correcting losses. Ethereum classic (ETC), ICX, tron and IOTA are surging, while BNB, Ethereum, BCH, ripple, litecoin and EOS are facing hurdles.
Bitcoin Cash Price Analysis
After a downside break below the $300 support, BCH price tested the $290 level against the US Dollar. The BCH/USD pair found support and recently started an upside correction. The pair is now trading nicely above the $300 and $305 levels. However, there are many key resistances on the upside near the $315 and $320 levels.
On the downside, the $300 level might act as a short term support, below which the price is likely to resume its decline in the near term.
Ethereum Classic, EOS, Tron (TRX) Price Analysis
There was a sharp increase in Ethereum classic price in the past few sessions from the $5.00 support area. ETC price rallied close to 20% and it broke many important resistances near the $6.50 and $7.00 levels. If there is a downside correction, the same resistances near $7.00 and $6.50 may now act as supports.
Tron price is currently recovering after setting a new monthly low near $0.0165. TRX price is up more than 8% and it is now trading near the $0.0180 level. However, there are many important resistances on the upside near the $0.0185 and $0.0192 levels.
EOS price remained well bid above the $3.350 level and it recently started a decent recovery. The price gained around 5% and it is now trading near the $3.650 resistance. If there are more gains, the price could test the $3.800 resistance in the near term. On the downside, the main supports are $3.500 and $3.350.
Ethereum Uptrend Remains Strong as Bitcoin Falters
Thursday September 19, 2019
Ethereum (ETH) has been incurring significant upwards momentum over the past several days and weeks and has been able to sustain its upwards momentum despite the drop in the aggregated crypto markets that occurred...
The post Ethereum Uptrend Remains Strong as Bitcoin Falters appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap 4-hours chart, there was an upside correction initiated from the $250.0B swing low. The market cap recovered above the $260.0B level, but there is a strong resistance waiting on the upside near the $268.0B and $270.0B levels. There is also a crucial bearish trend line forming near $268.0B on the same chart. Therefore, upsides are likely to remain capped in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and IOTA in the near term.
The post Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis appeared first on NewsBTC.
Ethereum Begins Ranging as Crypto Markets Drop, but $263 Target Remains
Saturday September 21, 2019
Ethereum (ETH) has been incurring significant bullish momentum over the past several days, and it has been able to maintain some stability around $220 despite the aggregated crypto markets facing some downwards pressure as...
The post Ethereum Begins Ranging as Crypto Markets Drop, but $263 Target Remains appeared first on 12bitplay - Bitcoin Play.