RATE Group | Bitcoin recovery from $9,500 still eyes $10,000
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Bitcoin recovery from $9,500 still eyes $10,000

21 May Bitcoin recovery from $9,500 still eyes $10,000

Posted at 08:03h in Cryptocurrency News by

Here is what you need to know on Thursday

Markets:

Bitcoin price extended the downtrend to $9,250 following the multiple rejections it has suffered at $10,000. The granddaddy of cryptocurrencies is valued at $9,489 amid a recovery push to at least reclaim the position above $9,500. The cryptocurrencies live rates suggest that BTC/USD trend is turning bullish once again while volatility expands.

ETH/USD has been forced below the vital $210 level. Since Monday, gains towards $220 have been unsustainable. A hurdle at $216 was impenetrable, leaving the bulls with very few alternatives like defending support at $210. With the price under $210, Ethereum could spiral further to test the next support target at $205 and $200.

Read more: Ethereum Price Analysis: Where is ETH/USD consolidation heading to?

XRP/USD is also battling a growing bearish grip. Unlike Ethereum, Ripple is still trading above its vital level at $0.20. On the upside, $0.21 is capping movements…

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