Bitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3000 level. Let's have a look at the bitcoin price analysis.
If it manages to break the 4100-4200 USD level in the coming days then it will continue its bullish trend till next resistance $4700+ level.
If it doesn't break the 4100-4200 USD level then we might price see price dipping to <$3500 level. It can also range between $3200-$4200 levels before making a significant move up or down. With Bakkt launching BTC contracts on 24th Jan'19, we might see a price jump but not necessarily. (Bitcoin technical analysis chart)
Ethereum showed bullish momentum recently and surged 80+% from $80 price level. It managed to surpass the Ripple(XRP) and bagged 2nd position by market cap. One of the catalysts of such bullish moves is upcoming hard forks. Let's have a look at the Ethereum price analysis.
If it manages to break the long-term(since May'18) downtrend line with strong buy volume, then we might hit the $200+ resistance level in the coming days.
If it doesn't hold the $107-$111 level, then it might form new low(<$80).
Overall there is a possibility of healthy correction(dip to $107 level)possible after the hard fork is over.
Ripple has respected the long-term trend-line(green) and have bounced pretty well from it.
It has to cross 200 days Moving Average(red line) to continue the bullish momentum. The major hurdle for ripple would be the long-term downward trendline(dotted-line). Once the dotted-line is broken, bulls might hope for short-term upward movement.
If it broke the $0.34 support level and closes below that with strong selling volume, then the chances of breaking the long-term green line are high which will lead to bearishness for ripple. (Ripple price analysis)
Bitcoin Cash has been trading for 1 year now and has been down 70+%. It has been in the news recently because of the fork(splitting into two coins). It has also seen a surge of price(+200%) in the mid-December '18 and has been undergoing a correction. Let us have a look at the Bitcoin Cash price analysis.
If it manages to hold $140+ level in the coming days, then it might move upward and will try to break the $230+ level.
If it manages to break the $230+ and retest with decent buy volume, then we might target the next level at $380+ in the coming days/weeks. The stronger bullish case for the BCH would be breaking the long-term downtrend line(dotted line).
If it doesn't hold the $140+ level, then it will correct to $110 which might be a healthy correction for next leg up, but it doesn't hold the $107-$122 level then we might see the price fall below $100 in the coming days/weeks.
EOS has shown a strong upward trend last month and surged 90+% from the demand area of $1.5-$1.8 to $3+ price level. Let's have a look at the EOS price analysis.
If it manages to break the $3.2 price level with strong buy volume, then we might test the $4.4 level with two major hurdles to surpass which is a long term-downtrend line(dotted) and 200 Moving average(Red line) line.
Once these are broken, the new market cycle might commence.
If it doesn't hold two support levels $2.3 and $1.7, then we might see $0.9-$1 level in the coming days/weeks.
So, here's the overview of the crypto market analysis 2019. Total market cap of the cryptocurrency has shown a significant increase(40%+) after hitting a low of 103 billion in mid-December '18 (Cryptocurrency market analysis). Around 40 billion have been added recently which signifies overall market is gaining momentum but this could be a relief rally as well after the recent sell-off and bear market of the previous year as per latest cryptocurrency analysis.
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2018-07-14 12:11:20.425078 | 2 min