Bitcoin and Altcoin Trading near Make-or-Break levels 2

Bitcoin and Altcoin Trading near Make-or-Break levels

This week, the price of Bitcoins began to fall slowly and steadily against the $ 10,500 resistance zone. BTC / USD is currently trading (08:00 UTC) below support levels of $ 10,250 and $ 10,200. Current price action suggests that there are likely to be other drawbacks at future meetings. Likewise, most large old coins are trading at a declining angle and may drop, including Ethereum, Ripple, Bitcoin Cash, EOS, Tron, Cardano, Stellar and Binance Coin. ETH / USD could break support at $ 180 and XRP / USD should retest the main support zone at $ 0.250.

Total market capitalization

Exchanges of Bitcoins and Altcoins close to decisive levels 100
Source: www.tradingview.com

Bitcoin price

In the last few hours, the price of bitcoin has dropped to less than $ 10,200. BTC / USD has even tested the support of $ 10,000 and is currently correcting more. On the other hand, the initial resistance is close to the $ 10,200 level, followed by $ 10,300. However, the main resistance to a sharp rise is close to the level of 10,500 USD.
On the other hand, the $ 10,000 mark holds the key. If the support was reduced to $ 10,000, the price could fall further to $ 9,800 and $ 9,650.

Ethereum Award

The price of Ethereum is trading below support levels between 190 USD and 192 USD. ETH / USD remains threatened by further losses below a key support of US $ 180. If a downtrend is successful, the price should test the next support at $ 172.
In addition, the levels of 190 USD and 192 USD are essential resistances. However, with an upward correction, the price could continue to hit a strong selling interest close to the $ 195 and $ 200 levels.

Bitcoin Cash, Eos and Ripple Prize

The Bitcoin spot price continues to trade above the $ 305 support level. Falling below support levels of $ 305 and $ 300 could extend the decline to the $ 280 level. In addition, there are many obstacles for bulls close to the levels of $ 315 and $ 320.
EOS is struggling to stay above the $ 3,500 support limit. If the price drops below 0.350 USD, it could rise to USD3,350. In addition, the main resistances are close to the values ​​of USD 0.362 and USD 0.365.
The consolidated ripple price exceeds support levels of $ 0.262 and $ 0.260. If the cops fail to defend the $ 0.260 support, the price could continue to fall to the $ 0.250 support level. Conversely, a closing price higher than $ 0.280 could ease the current downward pressure.

Other markets Altcoins today

Over the last three sessions, many small cap altcoins have lost more than 5%, including WAN, NEX, RVN, GRIN, ARDR, KMD, VSYS, LAMB, AOA and ICX. WAN has dropped about 20% and NEX by almost 9%.

Globally, bitcoin is likely to fall below support levels of $ 10,000 and $ 9,650. The next stop could be USD 9,500 or 9,200 USD. Conversely, a short-term recovery will require a break of over $ 10,500.
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Exchanges of Bitcoins and Altcoins close to decisive levels 102

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