RATE Group | Bitcoin and Altcoins Bullish Bias Intact Despite Recent Dip
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Bitcoin and Altcoins Bullish Bias Intact Despite Recent Dip

31 Dec Bitcoin and Altcoins Bullish Bias Intact Despite Recent Dip

Posted at 12:08h in Bitcoin News by

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Recently, bitcoin price trimmed most gains and declined below the USD 7,350 support. Moreover, BTC/USD declined below the USD 7,250 support and traded close to the USD 7,150 support. The price is currently (09:00 UTC) trading in a range and seems to be preparing for a fresh increase towards USD 7,350 and USD 7,550.

On the other hand, most major altcoins are facing an increase in selling pressure, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is currently consolidating near the USD 130 support, with hurdles near USD 134 and USD 135. XRP/USD is now trading below USD 0.200, with a support near USD 0.191.

Total market capitalization

Bitcoin and Altcoins Bullish Bias Intact Despite Recent Dip 101
Source: www.tradingview.com

Bitcoin price

After the bears took over, bitcoin price settled below the key USD 7,350 support and pivot level. It opened the doors for more downsides in BTC/USD below the USD 7,250 level. The price is now stuck between USD 7,350 and USD 7,150. It seems like the bulls are eyeing an…

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