Bitcoin Price At A Major Resistance | Ethereum Slowly Moving Higher | BNB SOL AVAX Price Analysis
1 year ago
Wrapped Bitcoin
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#bitcoin
Bitcoin price was consolidating yesterday. However, the asset has moved north over the last 24 hours. The coin registered 2.2% appreciation.
The crypto has now moved away from the $18,200 support level, although the aforementioned level continues to act as strong support for the Bitcoin price.
The technical outlook also pointed towards the bulls not taking over in the market. Buyers are still not strong in the market despite a slight increase in the Bitcoin price.
Bitcoin, even now, is consolidating between $18,000 and $24,000, respectively.
If the coin maintains the uptrend, then Bitcoin could aim above $19,600, which would bring the bulls back for the relief rally.
The asset also formed a descending wedge pattern, which is a sign of bearish price action. The global cryptocurrency market cap today is $968 billion, with a 1.1% positive change in the last 24 hours.
#ethereum
Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels.
Ethereum remained strong above the $1,265 support zone and started a decent increase.
The price is now trading above $1,320 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $1,315 on the hourly chart of ETH/USD.
The pair could gain bullish momentum if it clears the $1,350 resistance zone.
Ethereum formed a base above the $1,260 level and started a decent increase, similar to bitcoin price. ETH was able to climb higher above the $1,280 and $1,300 levels.
There was a break above the 50% Fib retracement level of the key drop from the $1,344 swing high to $1,262 low. Ether price is now trading above $1,320 and the 100 hourly simple moving average. It seems like the bulls are in control above the $1,320 level.
#cryptocurrency
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $932.58B, a 0.89% increase over the last day.
The total crypto market volume over the last 24 hours is $52.54B, which makes a 27.62% increase. The total volume in DeFi is currently $3.57B, 6.79% of the total crypto market 24-hour volume. The volume of all stable coins is now $48.91B, which is 93.10% of the total crypto market 24-hour volume.
Bitcoin�s dominance is currently 40.22%, an increase of 0.19% over the day.
Bitcoin Price Jumps : https://youtu.be/tyYhCvug_s8
Bitcoin Boring Price Action : https://youtu.be/q231aCKrbLs