RATE Group | Bitcoin and Altcoins Staging Strong Comeback After Tagging Support
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Bitcoin and Altcoins Staging Strong Comeback After Tagging Support

03 Jan Bitcoin and Altcoins Staging Strong Comeback After Tagging Support

Posted at 13:37h in Bitcoin News by

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This week, bitcoin price extended its decline below the USD 7,250 support level. BTC/USD even traded below the USD 7,050 and USD 7,000 support levels. Finally, the price traded close to the USD 6,850 support level and recently started a fresh increase.
Similarly, most major altcoins tested key supports and are currently (09:00 UTC) recovering, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is now trading near the USD 130 resistance area. Besides, XRP/USD is correcting higher towards the USD 0.192 resistance.

Total market capitalization

Bitcoin and Altcoins Staging Strong Comeback After Tagging Support 101
Source: www.tradingview.com

Bitcoin price

After another decline below USD 7,000, bitcoin price found support near the USD 6,850 level. As a result, BTC/USD started a strong rise and recovered above the USD 7,000 and USD 7,100 levels. The price even spiked above USD 7,200 and it is currently consolidating near the USD 7,250 resistance area.
On the upside, the main resistance is near the USD 7,350 level, above…

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