RATE Group | Crypto bulls to rejoice the fresh buying wave
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Crypto bulls to rejoice the fresh buying wave

17 May Crypto bulls to rejoice the fresh buying wave

Posted at 20:37h in Cryptocurrency News by

  • The crypto bulls return along with the weekend love, extend recent uptrend.
  • Bitcoin outpaces Ethereum to emerge winner among top 3 coins.

The world’s no. 1 digital coin, Bitcoin, accelerates the upside and looks to the $10K mark heading into the weekly closing. Ethereum and Ripple also benefit from a renewed buying wave seen across the crypto space. Bitcoin, however, outperforms the top 3 most dominantly traded digital assets. The total market capitalization of the top 20 cryptocurrencies now stands at $265.65 billion, as cited by CoinMarketCap.

The top three coins are seen extending the upbeat momentum into a fresh week, with the key technical levels to consider, as suggested by FXStreet’s Confluence Detector, are noted below.

BTC/USD: Path of least resistance appears to the upside

Amid buyers snatching near-term control this Sunday, Bitcoin is likely to meet some supply near the 9980 region, the confluence of the previous week high and Pivot…

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