Holders of Bitcoin and Altcoins Await the Next Market Move

News • 2020/12/08 • by
remitano

BTC has been trading in the $19,350 and $19,500 range for over three sessions, and there is no sign that the $19,000 support will happen anytime soon.

Something similar also happened in other altcoins as they couldn't experience a significant break. ETH has also been facing the $600 resistance level. Ripple couldn't go above the 0.620 USD level, and it fell back to the 0.600 USD level.

  • > ## Major Signals Bitcoin fails to find a break above $19,500 resistance. Ethereum and XRP are also struggling with significant resistance SNX and AMPL are on a bull trend

BTC is currently trading at a price slightly above the $19.350k resistance level. For any big positive move, the coin needs to pass the $19,350 level. $19,500 is the resistance level that is more likely to be controlled by the bull.

There were recent moves for BTC's price to go above the $19,350 level, but it didn't happen, and gains were trimmed. If the current level cannot be surpassed, visiting the $19k support looks imminent and can fall back to as low as $18,800.

ETH is going down gradually, and more downward movement could take the coin to the $585 level. BCH is also going lower (currently at 280 support) and might go down to the $265 level.

Litecoin is also finding it difficult to go past the $86.50 resistance level and has gone down to $85.0. the further decline means the $80.pp support level might be visited.

Ripple couldn't go past the $0.620 below and now trades below the $0.610. there are signs that XRP will go down to the $0.600 support level, and more decline could take it down to the $0.580 and $0.575 resistance level.

A few altcoins have shown positive signs in the past few hours, with SNX, HT AMPL, and UNI gaining some profits.

Comments (4)
Guest
ajii12
6 years ago
thanks for the information
visiblemoney
6 years ago
The current downtrend is generally caused by lowered transactions volume. It will turn around when whale investment are recorded.
lilianchiamaka
6 years ago
I'm scared over this article
andrei12
6 years ago
i look forward to the next move

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