Market Overview

Bitcoin, Ethereum & Ripple - American Wrap

Bitcoin, Ethereum & Ripple - American Wrap

Bitcoin technical analysis: BTC/USD consolidating ahead of a potential explosive out

  • Bitcoin price is trading in positive territory, down some 0.30% in the second half of the session. 
  • BTC/USD price action is moving within a narrowing pennant structure, subject to a breakout. 
  • Big resistance barrier should be noted at $9500, a breakdown here could provide a fresh wave to buying pressure.

Ethereum technical analysis: ETH/USD has an opportunity for greater heights

Ethereum price is trading in the green, up 2.70% the session on Monday.

ETH/USD price action is largely narrowing, which has been in the case for going on six weeks now.

A strong barrier of resistance is observed at the psychological $200 mark.

Ripple's XRP technical analysis: XRP/USD big $0.3000 barrier

Ripple's XRP price is trading with the red by some 1.55% in the session on Friday. 

XRP/USD is struggling to push back above the $0.3000 price mark. 

Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.

Image Sourced from Pixabay

Posted-In: Bitcoin crypto marketCryptocurrency News Eurozone Forex Global Markets


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