Bitcoin & Crypto Market Approaching Crucial Break: LTC, BNB, BCH, TRX Analysis

The total crypto market cap is forming a major breakout pattern with resistance near $195.0B. Bitcoin price is slowly rising and it seems like it could climb above the $7,400 resistance. Binance coin (BNB) price is holding the $15.00 support and it is correcting higher. Litecoin (LTC) price is attempting a break above the $45.50 resistance area. BCH price is slowly recovering and it could revisit the $220 resistance area. Tron (TRX) price is now trading well below the $0.0150 resistance level. Bitcoin (BTC) and the crypto market cap are…

Bitcoin & Crypto Market Turn Red Again: BCH, XLM, EOS, TRX Analysis

The total crypto market cap jumped from $188.0B, but it failed to stay above $200.0B. Bitcoin price rally above the $7,500 level was completely reversed. BCH price is somehow holding the key $205 and $200 support levels. EOS price is facing a strong resistance near the $2.700 area. Stellar (XLM) price could continue to move down towards the main $0.0500 support area. Tron (TRX) price is down 2% and it is approaching the $0.0140 support area. Bitcoin (BTC) and the crypto market cap are resuming their downtrend. Ethereum (ETH), BCH,…

Bitcoin & Crypto Market Following Downtrend: BNB, BCH, LTC, EOS Analysis

The total crypto market cap is under pressure below the main $200.0B resistance. Bitcoin price is struggling to stay above the $7,000 support area. Litecoin (LTC) price is down more than 3% and it traded below the $44.50 support. BCH price is down 4% and it is approaching the main $200 support area. EOS price is declining and it seems like it could even trade below the $2.500 support. Binance coin (BNB) is testing the $15.00 support and remains at a risk of more losses. Bitcoin (BTC) and the crypto…

Crypto Market Cap And Bitcoin Facing Hurdles: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is struggling to surpass the $200.0B resistance area. Bitcoin price is also facing a lot of hurdles near the $7,400 and $7,440 levels. EOS price is holding the $2.500 support, but it is struggling to clear the $2.850 resistance. Binance Coin (BNB) is currently consolidating above the main $15.00 support. BCH price is currently above the $205 support and attempting a break above the $215 resistance. Tron (TRX) price seems to be trading in a range above the $0.0150 support area. The crypto market cap…

Is Technical Analysis Prophetic or Preposterous? We Asked 7 Crypto Traders

With little else to go on, traders put their faith in the charts. They say to themselves, and anyone else who will listen, that classical technical analysis would tell us right now that the price of bitcoin is about to break a lot lower — like, in the next week or so, because this candle chart looks like this, and that candle chart looks like that; in other words, you should wait a little longer before you go back into your accumulation phase. Even Big Chonis acknowledges there are limits…