RATE Group | Bitcoin & Crypto Market Signaling Downsides: BCH, XLM, EOS, TRX Analysis
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Bitcoin & Crypto Market Signaling Downsides: BCH, XLM, EOS, TRX Analysis

02 Jan Bitcoin & Crypto Market Signaling Downsides: BCH, XLM, EOS, TRX Analysis

Posted at 07:02h in Bitcoin News by

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  • The total crypto market cap is declining and it is below the $185.0B support.
  • Bitcoin price is struggling to climb above $7,300 and it might decline below $7,000.
  • BCH price is testing the $200 support and it could continue to slide.
  • EOS price failed to stay above $2.600 and it is likely moving towards $2.500.
  • Stellar (XLM) price is now well below $0.0455 and it is showing bearish signs.
  • Tron (TRX) price is likely to break the key $0.0130 support in the near term.

Bitcoin (BTC) and the crypto market cap are signaling more downsides. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) remain at a risk of another decline.

Bitcoin Cash Price Analysis

Recently, bitcoin cash price climbed above $210 against the US Dollar. However, BCH price struggled to continue higher and it started a fresh decline below the $205 support. The price is now trading near the $200 support, with a bearish angle.

If there is a downside break below the $200 support, there is a risk of a sharp decline….

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