RATE Group | Bitcoin and Altcoins Dips Present Buying Opportunity
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Bitcoin and Altcoins Dips Present Buying Opportunity

10 Feb Bitcoin and Altcoins Dips Present Buying Opportunity

Posted at 10:15h in Bitcoin News by

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This past week, bitcoin price remained in a strong uptrend above the USD 9,550 and USD 9,850 resistance levels. Recently, BTC/USD traded to a new 2020 high close to USD 10,200 before starting a downside correction. However, there are many supports on the downside near USD 9,550 and USD 9,550.

Similarly, most major altcoins are currently (09:00 UTC) correcting gains, including ethereum, XRP, litecoin, bitcoin cash, EOS, TRX, ADA, and XLM. Conversely, BNB is up more than 8% and it broke the USD 25.00 resistance area. ETH/USD tested the USD 230 resistance area and recently corrected below USD 225. Besides, XRP/USD seems to be facing a strong resistance near the USD 0.285 and USD 0.288
levels.

Total market capitalization

Bitcoin and Altcoins Dips Present Buying Opportunity 101
Source: www.tradingview.com

Bitcoin price

After testing the USD 10,200 resistance, bitcoin price started a downside correction. BTC/USD broke the USD 10,000 area and even dipped below USD 9,850. It traded close to the USD 9,650 support and currently climbing…

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