Price Watch: Bitcoin, Ethereum, Cardano, Stellar Find Support

2018-6-26 11:43

The overall cryptocurrency market remains in its monthly lows but showing signs of finding support. Amidst developing regulations and incoming investment, cryptocurrency continues to progress into mainstream adoption. At press time, 77 out of 100 top cryptocurrencies are in the green.

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01