RATE Group | Bitcoin Crypto Market Cap Showing Bearish Signs: BCH, BSV, BNB, ADA Analysis
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Bitcoin Crypto Market Cap Showing Bearish Signs: BCH, BSV, BNB, ADA Analysis

07 Nov Bitcoin Crypto Market Cap Showing Bearish Signs: BCH, BSV, BNB, ADA Analysis

Posted at 06:30h in Bitcoin News by

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  • The total crypto market cap is showing a few bearish signs below the $248.0B resistance area.
  • Bitcoin price is struggling to climb above the $9,400 resistance area.
  • BCH price is currently trading near the main $300 resistance zone.
  • BSV price gained recently and it is now trading above the $130 and $135 levels.
  • Binance Coin (BNB) is consolidating below the key $21.00 and $21.20 resistance levels.
  • Cardano (ADA) price might struggle to clear the $0.0450 and $0.0465 resistances.

The crypto market cap and bitcoin are showing a few bearish signs. Ethereum, BCH, BSV, cardano (ADA), BSV, EOS, and ripple are currently correcting gains.

Bitcoin Cash Price Analysis

Recently, there was a decent rise in BCH price above the $285 resistance area against the US Dollar. The BCH/USD pair is now trading close to the main $300 resistance area, where the bears are putting up a fight. If there is an upside break, the price could continue to rise towards $320.

Conversely, there could be a downside correction…

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