- Bitcoin (BTC) corrects lower as it fails to break over the $10,200 mark
- Bitcoin (BTC) Would Return to Its Yearly High of $13,973 in the Coming Weeks – Rakesh Upadhyay
- Ethereum (ETH) Is Still Holding Gains over the $200 Mark
Bitcoin News Today – The price of Bitcoin (BTC) is still uninspired at $10,200 as some altcoins correct lower. Bitcoin (BTC) is back at trading sideways, as it faces strong resistance at the $10,200 mark. However, Tom Lee – the co-founder of Fundstrat Global Advisors – believe that the price of Bitcoin would soon surge with the forthcoming launch of Bakkt. He is positive that the launch of Bakkt would improve trust with institutions to digital currency.
Bitcoin News Today – Bitcoin (BTC) continues to trade flat. The highest level the digital currency has tested over the past day is $10,280. The digital currency has been correcting lower since it tested that level, and it is currently trading at $10,130 after a decrease of more than one percent over the past day, according to CoinMarketCap.
Bitcoin (BTC) Would Return to Its Yearly High of $13,973 in the Coming Weeks – Rakesh Upadhyay
Rakesh Upadhyay – a crypto analyst – said that a breakout of the downward trendline of the symmetrical triangle would show that the bulls have outpaced the bears and a new trending move will start. He believes that the momentum would push the price of Bitcoin (BTC) to its year-to-date high of $13,973. He said that Bitcoin might encounter resistance at $12,304 and $13,156 but it would scale through those hurdle points.
Ethereum (ETH) Is Still Holding Gains over the $200 Mark
Bitcoin News Today – Bitcoin (BTC) has failed to impress investors. However, Ethereum (ETH) is doing that job for it. Ethereum (ETH) has been holding on to the gains it amassed during the recent altcoin rally. The digital currency is still strongly trading over the $200 mark. At the press time, the world’s largest altcoin is changing hands at $218 after an increase of less than one percent over the past day.
On the other hand, XRP (XRP) just dropped below its support level – the 30 cents mark. However, XRP is more likely to return to that level as it still has more bullish momentum around it. The highest level XRP has tested over the past day is $0.3127. At the time of writing, XRP to USD price is $0.2940 after a decrease of less than one percent.
Among the top 20 digital currencies in the market, the top loser over the past twenty-four hours is Stellar Lumens (XLM). XLM to USD price is down by about four percent over the past day. This massive plunge comes after the digital currency surged by more than 40 percent in less than two days. This massive increase pushed XLM to the 10th position on the list of top digital currencies, and it is still holding that position.