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Crypto

Bitcoin surges past $10,000 mark!

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BTC has been bullish the past week. The renowned cryptocurrency currently. The price is currently showing rejection in the weekly long-term trend. The trend can only be confirmed on Sunday.

Long term analysis:

Predictions are that BTC/USD has currently reached a resistance at $11,500 and will make a depression or stop and rest between $8000 and $10,000 form a relative third low. Before entering the bull market again and continue on a leg higher.

These predictions might take time so it would be advisable to be liquid before it is time to moon.

Short term analysis:

The $10,000 resistance has finally been smashed but the market is currently at overbought level and it need some small correction. The zone between $10,300 and $10,500 is currently the support level. ATR is currently at a high level which means that the market is currently unstable. Trading is currently risky at this moment in time. Especially with high leverage.

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Crypto

XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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Crypto

Correction is the order of the day for cryptos.

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Bitcoin price is correcting gains from $ 40,500. The previous breakout zone near $ 36,550 could act as a strong support. As long as BTC is above $ 36,550, it might start a fresh increase towards the $ 40,500 level.

Many altcoins climbed over 8%, including VGX, IOST, DOT, CRV, BTCB, ATOM, HED, NEXO, LINK, and ABBC. Out of these, IOST started a strong increase after it broke the $ 0.021 resistance.

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Crypto

Major recovery on the horizon

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After a massive decline, bitcoin price remained well bid above the $ 30,100 zone. BTC traded close to $ 30,300 before it started a fresh increase. There was a clear break above $ 34,200 and the price is currently attempting a close above $ 35,600.

Similarly, there was a recovery wave in most major altcoins. ETH/$ is back above $ 1,051 and it might gain pace once it clears $ 1,151. XRP/$ is showing positive signs, but it must settle above $ 0.31p and $ 0.313 for a fresh increase to $ 0.351.

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