Cryptocurrencies Price Prediction: Bitcoin, Ripple & ChainLink – American Wrap 7/7/2020

Bitcoin Technical Analysis: BTC/USD Stays Around $9,300 While The Number Of Holders Hits 20 Million

Bitcoin has been trading sideways for practically the past two months, however, that hasn’t stopped investors and new users to continue buying Bitcoin. According to a recent report by Daniel Ferraro, the number of addresses holding Bitcoin reached 20 million on July 1 after a steady uptrend for the past year.

Ripple Technical Analysis: XRP/USD Sees A Glimpse Of Hope But It’s Still Facing A Long-Term Trendline Resistance
XRP has been one of the weakest cryptocurrencies for the past year, losing a lot of market dominance and dropping to new lower lows. On July 6, XRP/USD had a significant 8-9% price surge towards $0.189 putting the digital asset inside a daily uptrend. Unfortunately, there is a long-term trendline formed on the daily chart that will act as a strong resistance level in the near future.

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