RATE Group | Bitcoin, Altcoins Facing Hurdles On The Way Up
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Bitcoin, Altcoins Facing Hurdles On The Way Up

27 Apr Bitcoin, Altcoins Facing Hurdles On The Way Up

Posted at 10:17h in Bitcoin News by

This past week, there was a decent upward move in bitcoin price above the USD 7,200 resistance area. BTC/USD even surpassed the USD 7,550 resistance to move into a positive zone. The price is now (08:00 UTC) facing hurdles near USD 7,850 and USD 8,000, and it is likely preparing for the next rally.

Similarly, there was a steady rise in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD broke the USD 195 resistance and it is testing the USD 200 hurdle. XRP/USD also gained traction after it broke the USD 0.192 resistance and it is now approaching USD 0.200.

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Bitcoin, Altcoins Facing Hurdles On The Way Up 101
Source: www.tradingview.com

Bitcoin price

In the past 3-4 days, bitcoin price remained in a bullish zone and surged above the USD 7,200 and USD 7,550 resistance levels. BTC/USD is currently struggling to surpass the USD 7,800 and USD 7,850 levels, above which USD 8,000 could be a game-changer. If there is a clear break above USD 8,000, the…

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