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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

Cardano biggest winner ahead of start of the new week

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Cardano (ADA) is up over 3% and it broke the USD 1.31 resistance. It seems like the price might soon clear USD 1.34. In this case, the price could continue to rise towards the USD 1.36 level. The next major resistance is near the USD 1.45 level. On the downside, the price might find bids near USD 1.28.
Litecoin (LTC) managed to clear the USD 140 and USD 145 resistance levels. The next key stop for the bulls could be USD 155. Any more gains may possibly set the pace for a move towards USD 168. If there is a downside correction, the price might find bids near USD 135.

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Crypto

Bullish momentum for Bitcoin.

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Bitcoin price gained bullish momentum above the USD 52,500 resistance level. BTC even cleared the USD 53,251 resistance and it is currently  showing positive signs. If the bulls remain in action, there could be a steady rise towards USD 55,100.

Similarly, most major altcoins are extending gains. ETH gained traction and it even tested the USD 2,510 zone. XRP/USD broke the USD 1.157 resistance and it might continue higher

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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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