Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis
The total crypto market cap found support near $121.0B and later recovered above $124.0B.
EOS price corrected lower sharply and traded below the $3.80 and $3.60 support levels.
Bitcoin cash price is currently trading nicely above the $132 and $130 supports.
Tron (TRX) price is under pressure below the $0.0250 and $0.0248 resistance levels.
Cardano (ADA) price is currently holding the $0.0420 support area, with a positive angle.
Central Banks’ “Free Money” is Behind Bitcoin Bull Run: Mati Greenspan
Tuesday February 11, 2020
A portion of fresh cash liquidity supplied by the global central banks has made its way into the bitcoin market, says Mati Greenspan, the founder of Quantum Economics. The prominent market analyst told BlockTV...
The post Central Banks’ “Free Money” is Behind Bitcoin Bull Run: Mati Greenspan appeared first on 12bitplay - Bitcoin Play.
The crypto market recovery is facing a lot of hurdles on the upsides. Gains in bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to face resistance.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $145 and $140 support levels against the US Dollar. The BCH/USD pair declined sharply and broke key supports near the $140 and $138 levels. However, the $130-132 zone acted as a support and later the price corrected higher.
It is currently up around 3.5% and it could retest the $140 resistance level. If there is an upside break above the $140 resistance, the price may perhaps revisit the $145 level. On the downside, the key supports are near $135 and $132.
EOS, Tron (TRX) and ADA Price Analysis
EOS price trimmed most of the last week’s gains from well above the $4.00 level. The price traded below the $3.85 and $3.80 support levels to start a bearish wave. The price even broke the $3.60 support level. At the moment, the price is trading above the $3.50 support and it seems like it could correct higher towards the $3.65 and $3.70 resistance levels.
Tron price remained in a bearish zone below the $0.0250 resistance level. There were mostly bearish moves in TRX and the price declined below the $0.0250 and $0.0248 support levels. It must stay above the $0.0240 level to avoid further losses in the near term.
Cardano price declined recently, but the $0.0400 support area acted as a barrier for buyers. ADA price is currently trading above the $0.0420 level and it seems like the price may rise towards the $0.0450 level in the coming sessions.
It’s Clear Skies to $12,000 After Bitcoin Breaks This One Key Level
Wednesday February 12, 2020
Bitcoin’s bulls are currently expressing extreme strength as they hold the crypto above the key $10,000 level, and it now appears that BTC is gearing up for its next major movement that could send...
The post It’s Clear Skies to $12,000 After Bitcoin Breaks This One Key Level appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap hourly chart, there was a sharp decline from well above the $138.0B level. The market cap broke the key $128.0B support to enter a bearish zone. It traded towards the $120.0B support level and later started an upside correction. However, there are many resistances on the upside near the $128.0B and $130.0B level. The main supports are at $124.0B and $122.0B. Therefore, if bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins correct higher, they are likely to face a lot of hurdles.
The post Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis appeared first on NewsBTC.
Tezos Cryptocurrency Up Over 130% Year to Date, Analyst Warns Not to FOMO
Tuesday February 11, 2020
The cryptocurrency known as Tezos has had a stellar year thus far in 2020, after finishing out 2019 among the top-performing crypto assets of the year. But this year so far, it’s already up...
The post Tezos Cryptocurrency Up Over 130% Year to Date, Analyst Warns Not to FOMO appeared first on 12bitplay - Bitcoin Play.