RATE Group | Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis
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Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis

19 Aug Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis

Posted at 05:57h in Bitcoin News by

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  • The total crypto market cap is climbing higher towards the key $272.0B and $275.0B resistance.
  • Bitcoin price is also approaching the main $10,500 resistance area.
  • EOS price is up more than 5% and it may soon test the $3.850 resistance area.
  • BCH price is recovering and it may break the $320 resistance level in the near term.
  • Tron (TRX) price is up around 8%, but it is still well below the $0.0192 and $0.0200 levels.
  • Cardano (ADA) price recently recovered above the $0.0500 resistance level.

Bitcoin price and the crypto market cap are approaching major resistances. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are slowly recovering higher.

Bitcoin Cash Price Analysis

This past week, we saw a sharp decline in bitcoin cash price from well above the $350 level against the US Dollar. The BCH/USD pair broke the $340 and $330 support levels. It even broke $320 and tested the $305 support area. Recently, the price started an upside correction above $310 and is approaching the $320…

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