RATE Group | Crypto Market And Bitcoin Could Correct Further: BCH, BSV, BNB, ADA Analysis
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Crypto Market And Bitcoin Could Correct Further: BCH, BSV, BNB, ADA Analysis

12 Aug Crypto Market And Bitcoin Could Correct Further: BCH, BSV, BNB, ADA Analysis

Posted at 06:00h in Bitcoin News by

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  • The total crypto market cap started a downside correction from the $315.0B swing high.
  • Bitcoin price declined below $11,500 and tested the $11,200 support area.
  • BCH price is gaining momentum and it is currently trading above the $330 resistance.
  • BSV price is showing positive signs and it is trading above the $140 support area.
  • Binance Coin (BNB) is currently consolidating gains above the $30.00 support area.
  • Cardano (ADA) price is facing a lot of hurdles on the upside near the $0.0600 resistance.

The crypto market cap and bitcoin are currently correcting gains, while BNB and BCH are climbing. Ethereum, cardano (ADA), BSV, EOS, and ripple could correct further lower.

Bitcoin Cash Price Analysis

After testing the $310 support area, bitcoin cash price started a fresh increase above the $320 level against the US Dollar. The BCH/USD pair broke the $330 resistance area and it is currently up around 6%. An immediate resistance is near the $340 level, above which there are chances of a sharp rise…

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