Market Overview

Bitcoin, Ethereum & Litecoin - American Wrap: 12/23/2019

Share:
Bitcoin, Ethereum & Litecoin - American Wrap: 12/23/2019

Bitcoin Technical Analysis: Bitcoin might get stuck and It needs to take out this level

  • Bitcoin is performing well at the moment after hitting a low of 6,430 last week.
  • There are a few bullish points on the chart. One is the divergence on the RSI indicator that makes a higher low when price made a lower low. 
  • This is often a good signal for a move up or that the move lower is running out of steam.

Ethereum Price Analysis: ETH/USD has to break back above $140 for hope of a recovery

  • The Ethereum price on Monday is trading in minor positive territory, seen with gains of some 0.50%, in the second half of the session. It is attempting to stabilize following the hard-hit of selling pressure, which was seen last week.
  • In terms of news flow; the Ethereum Foundation is continuing to work step by step on its Ethereum 2.0 release. The latest update covers its technical audit, extended testnet, and new block explorer. A Core Researcher at the Ethereum Foundation, Danny Ryan, detailed that Ethereum 2.0 is ready for the first technical audit of its Phase 0.

Image Sourced from Pixabay

 

Related Articles

View Comments and Join the Discussion!

Posted-In: Cryptocurrency News Eurozone Commodities Forex Global Markets Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com