RATE Group | Bitcoin and Altcoins Signaling Bullish Continuation
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Bitcoin and Altcoins Signaling Bullish Continuation

28 Jan Bitcoin and Altcoins Signaling Bullish Continuation

Posted at 10:05h in Bitcoin News by

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Yesterday, we discussed the chances of more upsides in bitcoin price if it climbs above the USD 8,650 and USD 8,850 resistance levels. BTC/USD did rise above the USD 8,850 resistance and it even surpassed the USD 9,000 resistance. It tested USD 9,150 and is currently (09:00 UTC) correcting lower.

On the other hand, there were limited gains in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD managed to climb above the key USD 170 resistance area. Similarly, XRP/USD popped above the USD 0.232 barrier and tested USD 0.235.

Total market capitalization

Bitcoin and Altcoins Signaling Bullish Continuation 101
Source: www.tradingview.com

Bitcoin price

After a proper close above the USD 8,650 resistance, bitcoin price surged above the USD 9,000 resistance level. BTC/USD traded close to the USD 9,200 resistance and it is currently correcting lower. An initial support is near the USD 9,000 level. However, the main support is near USD 8,850 (the recent resistance area).
Any further…

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