RATE Group | Bitcoin confirms $9,600 support as Ethereum and Ripple consolidate
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Bitcoin confirms $9,600 support as Ethereum and Ripple consolidate

20 May Bitcoin confirms $9,600 support as Ethereum and Ripple consolidate

Posted at 06:19h in Bitcoin News by

Here is what you need to know on Wednesday

Markets:

BTC/USD is still dealing with selling activities under $10,000 for the third day this week. Advances made to the critical level have ended up in rejections. Interestingly, Bitcoin bulls have had the opportunity to confirm the support at $9,600.

Before the European session begins, Bitcoin is exchanging hands at $9,714. The largest cryptoasset has lost a subtle 0.41% of its value from $9,783 (opening value). On the downside, $9,700 is the short term intraday support while $9,800 is the immediate resistance. The prevailing bullish trend means that buyers in control but due to the low volatility, their effort is limited.

ETH/USD is in consolidation under $215 after the rejection at $216 on Monday. On the downside, Ethereum has embraced short term support at $210. Like Bitcoin, the crypto has a bullish biased but low trading volume which is hindering rapid price action. ETH/USD is doddering at $213.40 following…

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