RATE Group | Bitcoin, Ethereum, Ripple and EOS Price Analysis 3rd August
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Bitcoin, Ethereum, Ripple and EOS Price Analysis 3rd August

03 Aug Bitcoin, Ethereum, Ripple and EOS Price Analysis 3rd August

Posted at 12:20h in Ethereum News by

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Bitcoin started a significant downside correction below $8,000. More importantly, major altcoins like Ethereum, Ripple, EOS and Bitcoin Cash tumbled sharply to move into a bearish zone.

Crypto Price Watch

Key Takeaways:

  • Bitcoin price declined heavily and broke the $8,200 and $7,680 support levels.
  • ETH/USD traded to a fresh bi-monthly low below the $407.00 support.
  • Ripple price is holding a significant support near the $0.4240 level.
  • EOS tumbled below the $8.00 and $7.70 supports to move into a bearish zone .
  • Speed Mining Service and Fox Trading performed really well during the past seven days.

Bitcoin Price Analysis

Bitcoin price formed a short-term high at $8,503 and started a downside correction. BTC/USD declined and broke a few key supports like $8,200 and $7,680.

Bitcoin Price Analysis BTC USD

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price broke a major contracting triangle support at $8,180 to start the current downward move. Later, sellers gained traction and were successful in clearing…

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