RATE Group | Crypto bulls to retain control
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Crypto bulls to retain control

05 Jan Crypto bulls to retain control

Posted at 11:44h in Cryptocurrency News by

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  • Crypto markets look to extend the recovery momentum ahead.  
  • Ethereum steals the show among the top 3 widely traded coins on the week.

The world’s no. 1 digital coin, Bitcoin, is seen consolidating its latest uptick to near 7,500 mark, as we head towards the weekly closing. Ethereum and Ripple follow suit and post mild gains so far this Sunday, with the latter emerging as the main laggard amongst the top 3 most favorite digital assets. The total market capitalization of the top 20 cryptocurrencies now stands at $198.43 billion, as cited by CoinMarketCap.

The top three coins are seen extending Friday’s bullish reversal into a fresh week ahead, with key supports and resistances found below, as highlighted by FXStreet’s Confluence Detector tool.

BTC/USD: Bullish bias intact with strong supports stacked up

As explained here, Bitcoin is bidding up for a break above the $ 7,500 mark, with a break above the last likely to be challenged near 7,525…

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