Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis
The total crypto market cap is currently correcting higher, but facing hurdles near $215.0B.
Bitcoin price jumped more than 5% and it is trading above the $8,200 resistance area.
EOS price is slowly moving higher towards the key $3.000 resistance level.
BCH price is also up more than 5% and it is approaching the key $230 resistance.
Tron (TRX) price is currently consolidating near the key $0.0155 pivot level.
Cardano (ADA) price is still struggling to clear the key $0.0400 resistance area.
Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows
Tuesday January 21, 2020
Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area. Bitcoin price is confined in a...
The post Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows appeared first on 12bitplay - Bitcoin Play.
Bitcoin and the crypto market cap are currently recovering, but facing major hurdles. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB might struggle to recover further.
Bitcoin Cash Price Analysis
Recently, there was a fresh decline below the $215 support area in BCH price against the US Dollar. However, the price managed to stay above the $205 support area and it started a fresh recovery. The price is up more than 5% and it is now trading above the $220 level.
On the upside, there are many resistances near the $230 and $235 levels. A successful close above the $235 resistance is needed for more gains in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price declined this past week below the key $3.000 support area. It tested the next key support near the $2.850 level. At the outset, the price is correcting higher and it might soon test the main $3.000 resistance, above which the price could even surpass $3.050.
Tron price remained well bid above the $0.0150 support area. TRX price is currently consolidating near $0.0155, with an immediate resistance near the $0.0158 level. The main resistance is near $0.0160, above which the price could rise towards the $0.0172 resistance area.
Cardano price is still trading in a bearish zone below the $0.0400 and $0.0420 resistance levels. ADA price tested the $0.0375 support recently and it is currently correcting higher. However, a close above $0.0400 and $0.0420 is must for a strong upward move in the coming days.
Bitcoin On The Brink Of Massive Rally And Only 1 Thing Is Holding It Back
Sunday January 19, 2020
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is...
The post Bitcoin On The Brink Of Massive Rally And Only 1 Thing Is Holding It Back appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap 4-hours chart, the $205.0B area seems to be acting as a strong support. The market cap jumped higher recently above the $212.0B level. However, the crypto market cap ran into a major resistance area near $215.0B and a bearish trend line. Therefore, it must surpass the $215.0B and $220.0B resistances to continue higher in the near term. The next major hurdle for the bulls could be near the $228.0B level. If not, there could be a fresh decline in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
The post Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend
Tuesday January 21, 2020
Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend. Report shows there...
The post Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend appeared first on 12bitplay - Bitcoin Play.