In the past few sessions, there was a slow and steady rise in bitcoin price above the USD 7,700 and USD 7,800 levels. BTC/USD touched the USD 8,000 level on a couple of occasions, but it failed to gain momentum. At the moment, the price is trading in a range below USD 8,000 and it seems like there could be an upside break in the near term. Altcoins are also gaining pace and they might correct higher further. Litecoin gained more than 8%. LTC/USD might even clear the USD 140 resistance.
Total market capitalization
There was a close above the USD 7,900 level in bitcoin price . However, BTC/USD struggled to gain pace above the USD 8,000 and USD 8,050 levels. The price is currently (08:10 UTC) trading in a range below USD 8,000 and it seems to be preparing for more gains above the USD 8,000 and USD 8,050 levels. The next key resistance is near the USD 8,200 area.
Conversely, if the price fails to clear the USD 8,000 and USD 8,050 resistance levels, there could be a fresh drop below the USD 7,900 and USD 7,800 support levels in the near term.
Ethereum price settled above the USD 245 level. ETH/USD is currently struggling to clear the USD 250 resistance, above which the price could accelerate above the USD 255 and USD 258 levels in the near term.
On the downside, an initial support is near the USD 245 level. If the price fails to stay above USD 245 pivot level, there could be a fresh decline towards the USD 240 level.
Bitcoin cash, eos and ripple price
Bitcoin cash price is currently consolidating below the key USD 400 pivot level. BCH/USD is facing an uphill task near USD 400,
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