RATE Group | Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis
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Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

21 Nov Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

Posted at 06:02h in Bitcoin News by

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  • The total crypto market cap is currently in a bearish zone below the $220.0B resistance.
  • Bitcoin price is trading above the $8,000 support and remains at a risk of more losses.
  • BCH price is now consolidating losses below the $250 resistance area.
  • EOS price is declining and approaching the $3.050 and $3.000 support levels.
  • Stellar (XLM) price is down more than 2% and it is now below the $0.0650 support.
  • Tron (TRX) price is down close to 4% and it is trading near the $0.0165 support.

Bitcoin (BTC) and the crypto market cap are currently in a heavy downtrend. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are under a lot of selling pressure.

Bitcoin Cash Price Analysis

Recently, BCH price declined heavily below the $265 support area against the US Dollar. The price even broke the $250 support area and traded close to $235. It is currently consolidating losses above $240 and facing a strong resistance near the $250 and $255 levels.

The main resistance is now near the $265…

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