RATE Group | Bitcoin And Crypto Market Signaling Bearish Continuation: BCH, EOS, TRX, ADA Analysis
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Bitcoin And Crypto Market Signaling Bearish Continuation: BCH, EOS, TRX, ADA Analysis

16 Oct Bitcoin And Crypto Market Signaling Bearish Continuation: BCH, EOS, TRX, ADA Analysis

Posted at 05:22h in Bitcoin News by

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  • The total crypto market cap struggled to surpass $220.0B and declined recently below $215.0B.
  • Bitcoin price is also under pressure and it recently traded below the $8,200 support area.
  • EOS price is down around 5% and it broke the key $3.000 support area.
  • BCH price retested the key $215 support area and it is currently correcting higher towards $225.
  • Tron (TRX) price is down more than 5% and it broke the main $0.0160 support zone.
  • Cardano (ADA) price declined nearly 5% and it is now trading below the $0.0400 support.

Bitcoin and the crypto market cap are showing bearish signs. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to extend decline.

Bitcoin Cash Price Analysis

After multiple failures to clear the $230 resistance, BCH price reacted to the downside against the US Dollar. The price traded below the $220 level and tested the key $215 support area. However, the decline was contained and the price is currently recovering above $220.

On the upside, there are many…

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