The Future Coin

Bitcoin

$13,271.49

BTC 0.22%

Ethereum

$378.05

ETH -2.42%

XRP

$0.24

XRP -3.16%

Litecoin

$53.17

LTC -3.87%

EOS

$2.50

EOS -5.49%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Altcoin News

Bitcoin and Altcoins Hesitate, But Further Gains Seem Likely

by The Future Coin
August 17, 2020
in Altcoin News
0
Bitcoin and Altcoins Hesitate, But Further Gains Seem Likely
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

In the past few sessions, bitcoin price mostly traded in a range above the USD 11,650 support. Currently (08:30 UTC), BTC seems to be facing a strong resistance near the USD 12,000 level. A successful close above USD 12,000 may perhaps start a steady rise towards USD 12,400 or even USD 12,500.

Similarly, most major altcoins are setting up for the next break, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, ADA, and XLM. TRX is already up over 10% and it seems like bulls are aiming a test of the USD 0.0300 level. ETH/USD corrected lower recently, but it is holding the USD 420 support. XRP/USD is trading in a positive zone near USD 0.300 and it might continue to rise towards USD 0.312.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a short-term downside correction, bitcoin price climbed back above USD 11,500 and USD 11,650. BTC even broke the USD 11,800 level, but it seems to be struggling near the main USD 12,000 weekly resistance. If there is a clear break above USD 12,000, the price might surge towards the USD 12,400 and USD 12,500.

If there is another downside correction, the previous resistance near USD 11,650 might act as a strong support. The main weekly support is now forming near the USD 11,550 level, below which the price might turn negative in the short-term.

Ethereum price

Ethereum price corrected from well above the USD 435 level. ETH declined below USD 425, but it remained well bid above the USD 420 level. It is currently trading in a range, with an immediate resistance near USD 430. The main weekly resistance is near the USD 435 level.

On the downside, there is a decent support near USD 420. Any further losses may perhaps lead the price towards the USD 400 level.

Bitcoin cash, chainlink and XRP price

Bitcoin cash price is trading above the USD 300 and USD 305 support levels. BCH is currently facing a major hurdle near the USD 320 level, above which the bulls are likely to aim a test of the USD 345 and USD 350 levels. Conversely, a close below the USD 300 support could lead the price towards USD 285.

Chainlink (LINK) surged towards the USD 20.00 level and traded to a new all-time high. It is currently consolidating near USD 18.80, with supports near USD 18.50 and USD 18.20. On the upside, the USD 20.00 level is a key breakout zone for the next surge.

XRP price is slowly rising and it is flirting with the USD 0.300 pivot level. The first major resistance is near USD 0.305 and USD 0.306. A clear break above USD 0.306 could lead the price towards USD 0.312 and USD 0.315. The main support seems to be forming near the USD 0.292 level.

Other altcoins market today

In the past three sessions, many small-cap altcoins surged more than 12%, including OMG, OCEAN, WAVES, REN, BAT, ZRX, LEND, TRX, RSR, QTUM, and BTT. Out of these, OMG jumped 50% and it cleared the USD 3.000 resistance.

To sum up, the bitcoin price is trading nicely above the USD 11,550 and USD 11,650 support levels. If BTC surpasses the USD 12,000 barrier, it could start a fresh rally. If not, the price could correct lower towards the USD 11,550 level.

_____

Find the best price to buy/sell cryptocurrency:

Source link

EDITOR’S CHOICE

Crypto Currency Market Market to Grow at Double digit CAGR During 2020-2027 – Eurowire

Why European Commission Regulations Won’t Kill Crypto in Europe

Nearly 24% of Ether held on exchanges — three times the percentage of Bitcoin

Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash

Blockchain in Retail Market Size, Regional Insights and Global Industry Dynamics By 2026

Business activity results of the 1 half of the year 2020 Vilnius Stock Exchange:KNR1L

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 13,275.68
ethereum
Ethereum (ETH) $ 378.81
tether
Tether (USDT) $ 1.00
ripple
XRP (XRP) $ 0.235969
bitcoin-cash
Bitcoin Cash (BCH) $ 258.40
chainlink
Chainlink (LINK) $ 10.95
binancecoin
Binance Coin (BNB) $ 28.38
polkadot
Polkadot (DOT) $ 4.09
litecoin
Litecoin (LTC) $ 53.42
bitcoin-cash-sv
Bitcoin SV (BSV) $ 160.64
usd-coin
USD Coin (USDC) $ 0.998941
cardano
Cardano (ADA) $ 0.092474
eos
EOS (EOS) $ 2.50
monero
Monero (XMR) $ 121.30
tron
TRON (TRX) $ 0.025567
crypto-com-chain
Crypto.com Coin (CRO) $ 0.084398
stellar
Stellar (XLM) $ 0.076147
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 13,289.18
tezos
Tezos (XTZ) $ 1.86
cdai
cDAI (CDAI) $ 0.020928
leo-token
LEO Token (LEO) $ 1.27
okb
OKB (OKB) $ 4.43
cosmos
Cosmos (ATOM) $ 4.49
neo
NEO (NEO) $ 14.48
huobi-token
Huobi Token (HT) $ 4.10
dai
Dai (DAI) $ 1.01
nem
NEM (XEM) $ 0.095697
filecoin
Filecoin (FIL) $ 30.23
binance-usd
Binance USD (BUSD) $ 0.999059
iota
IOTA (MIOTA) $ 0.253991
dash
Dash (DASH) $ 69.92
vechain
VeChain (VET) $ 0.009874
theta-token
Theta Network (THETA) $ 0.618091
ethereum-classic
Ethereum Classic (ETC) $ 5.25
zcash
Zcash (ZEC) $ 57.31
uniswap
Uniswap (UNI) $ 2.34
maker
Maker (MKR) $ 520.03
celsius-degree-token
Celsius Network (CEL) $ 1.31
compound-ether
cETH (CETH) $ 7.60
paxos-standard
Paxos Standard (PAX) $ 0.998232
havven
Synthetix Network Token (SNX) $ 3.22
omisego
OMG Network (OMG) $ 2.86
uma
UMA (UMA) $ 7.09
compound-governance-token
Compound (COMP) $ 93.09
aave
Aave (AAVE) $ 30.80
ftx-token
FTX Token (FTT) $ 3.71
ontology
Ontology (ONT) $ 0.433463
yearn-finance
yearn.finance (YFI) $ 11,035.37
dogecoin
Dogecoin (DOGE) $ 0.002571
aave-link
Aave LINK (ALINK) $ 11.04