Bitcoin Price Analysis: BTC/USD has a chance to rocket if it can conquer $10,500
Bitcoin price is trading in positive territory, up 0.80% in the second half of the session.
BTC/USD bulls enjoyed a strong move in the prior session, making themselves comfortable within $10,000.
A critical barrier of resistance observed at $10,500, a break down should invite a decent wave of upside momentum.
The bulls are testing $10,500, where the price last topped on 26 October, before being forced back to the downside.
A near-term ascending trend line can be observed via the 60-minute chart view, propping up the price a minor pullback. However at risk of falling to the downside, given rising channel structure.
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Bitcoin lived through a horrible week. Since last Friday the first digital coin lost over 38% and at some pint tested area below $4,000. At the time of writing, BTC/USD is changing hands at $5,600, which is 18% higher from the beginning of the day.
Ripples XRP recovered from the intraday low of $0.1129 to trade above $0.1600 at the time of writing. The third-largest coin has gained over 15% since the beginning of Friday, though it is still down 12% on a day-to-day basis.
Ripple price is having a hard time holding onto the subtle gains accrued after the gruesome Thursday and the Asian session on Friday. The third-largest cryptocurrency commenced the session on Friday at $0.1388. It nosedived to …
Bitcoin Cash price is working hard to capitalize on the unusual calm across the cryptocurrency market following 24 hours of mayhem. The volatility in the market has had far-reaching effects with major coins such and Bitcoin (BTC) and Ethereum (ETH) nosediving under $4,000 and $100 respectively.
Bitcoin lived through a horrible week. Since last Friday the first digital coin lost over 38% and at some pint tested area below $4,000.
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