RATE Group | Bitcoin and Altcoins Trading Near Make-or-Break Levels
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Bitcoin and Altcoins Trading Near Make-or-Break Levels

28 May Bitcoin and Altcoins Trading Near Make-or-Break Levels

Posted at 10:14h in Bitcoin News by

After a couple of failed attempts, bitcoin price was able to clear the USD 9,050 resistance level. BTC even recovered above the USD 9,200 resistance, but it struggled to continue higher. It is currently (08:30 UTC) correcting lower and it might find support near USD 9,050 or USD 9,000.

Similarly, there was a decent increase in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD broke the USD 205 resistance level, but it failed to clear the key USD 210 resistance. Besides, XRP climbed towards the USD 0.200 resistance area, where sellers emerged.

Total market capitalization

Bitcoin and Altcoins Trading Near Make-or-Break Levels 101
Source: www.tradingview.com

Bitcoin price

In the past few hours, bitcoin price gained bullish momentum above the USD 9,000 and USD 9,050 resistance levels. BTC recovered more than 4% and it even spiked above the USD 9,200 level. However, it struggled to clear the USD 9,280 level and recently started a downside correction.
It is trading below the USD 9,200…

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