RATE Group | Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis
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Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis

17 Jul Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis

Posted at 06:05h in Bitcoin News by

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  • The total crypto market cap declined heavily and even broke the $250.0B support area.
  • Bitcoin price settled below the $10,000 support level and spiked towards $9,200.
  • Binance coin (BNB) price dived more than 10% and even broke the $25.00 support level.
  • Litecoin (LTC) price broke the key $90.00 and $85.00 support levels to enter a bearish zone.
  • BCH price failed to stay above the $300 level and recently declined below $285.
  • Tron (TRX) price is down more than 15% and it is approaching the key $0.0200 support area.

The crypto market cap and bitcoin (BTC) are declining heavily below key supports. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are also under a lot of pressure.

Bitcoin Cash Price Analysis

Yesterday, there was an upside correction in BCH price above the $290 and $300 levels against the US Dollar. The BCH/USD pair tested the $320 resistance level, but it struggled to continue higher. Recently, it started a fresh decline and broke the $300 support level.

The price is…

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