RATE Group | Crypto Market and Bitcoin Near Crucial Juncture: BCH, EOS, TRX, ADA Analysis
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Crypto Market and Bitcoin Near Crucial Juncture: BCH, EOS, TRX, ADA Analysis

13 Aug Crypto Market and Bitcoin Near Crucial Juncture: BCH, EOS, TRX, ADA Analysis

Posted at 06:24h in Bitcoin News by

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  • The total crypto market cap is testing a strong resistance near the $292.0B level.
  • Bitcoin price is facing a couple of important hurdles near the $11,500 level.
  • EOS price is moving lower and is about to test the key $4.000 support area.
  • BCH price is struggling to hold gains and it could revisit the $320 support area.
  • Tron (TRX) price is currently consolidating above the main $0.0200 support area.
  • Cardano (ADA) price is under pressure and is approaching the $0.0500 support level.

Bitcoin price and the crypto market cap are trading near important resistances. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB could decline in the near term.

Bitcoin Cash Price Analysis

Yesterday, we saw an upward move in bitcoin cash price above the $325 and $330 resistance levels against the US Dollar. The BCH/USD pair retested the $340 resistance level, where the bulls struggled. As a result, there was a fresh decline and the price is now trading near the $330 level.

It seems like the price could…

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