After a strong rally, bitcoin rate dealt with obstacles near the USD 7,550 resistance. As a result, there was a disadvantage correction below USD 7,400, however the rate stayed well bid above USD 7,000 It is currently (08: 30 UTC) increasing and trading above key uptrend supports such as USD 7,120 and USD 7,000
Likewise, dips in many significant altcoins stay well supported, consisting of ethereum, XRP, litecoin, bitcoin money, BNB, EOS, TRX, ADA, and XLM. ETH/USD checked the USD 162 assistance and it is now combining near USD170 XRP/USD is dealing with obstacles near USD 0.200, however it is most likely to hold the key USD 0.192 and USD 0.188 assistance levels.
Overall market capitalization
Just Recently, bitcoin rate fixed lower from the USD 7,550 resistance location. BTC/USD declined below the USD 7,250 assistance and traded near the USD 7,050 and USD 7,000 assistance levels. The rate stayed well supported and it recovered above USD 7,250 The bulls are now dealing with obstacles near USD 7,400, above which it might continue greater.
On the disadvantage, the main supports are USD 7,120 and USD 7,000, below which the rate is most likely to start an extended bearish wave towards the USD 6,550 assistance location.
Ethereum rate fixed lower from USD 175 and traded below the USD 168 assistance. ETH/USD discovered a strong assistance near USD 162 and it bounced back above USD 168. To continue greater, the rate should get bullish momentum above the USD 172 and USD 175 levels.
On the disadvantage, a preliminary assistance is near the USD 162 and USD 160 levels, below which the rate is most likely to dive towards the USD 145 assistance location.
Bitcoin litecoin, money and xrp rate
Bitcoin money rate stayed well bid above the USD 240 level and it climbed up above the USD 265 resistance. BCH/USD is up more than 5% and it just recently checked the USD 280 barrier. The bulls are most likely to intend a test of the USD 300 level if there are more gains. On the disadvantage, the main assistance is now near USD 250.
Litecoin appears to be forming a strong assistance base above the USD 42.50 level. On the benefit, a preliminary resistance is near the USD 47.50 level, followed by USD 48.00 The main barrier for the bulls is near USD 50.00, above which LTC might possibly rally towards USD 55.00
XRP rate began a disadvantage correction from the USD 0.205 resistance level. The rate declined below USD 0.200, however it stayed steady above USD 0.190 and USD 0.188 As long as there is no everyday close below USD 0.188, the rate is most likely to continue greater above USD 0.200 and USD 0.205
Other altcoins market today
In the past 3 sessions, a couple of small-capitalization altcoins gotten more than 5%, consisting of CVT, SEELE, BSV, BTG, LINK, KNC, and LUNA. Out of these, CVT rallied more than 35% and SEELE is up near 20%.
Total, bitcoin rate is trading above the key supports at USD 7,120 and USD 7,000 BTC may continue to rise towards USD 7,550, USD 7,650 and USD 7,800 If not, there might be an extended decline towards USD 6,550