Bitcoin Price Attempts to Rebound. Reaching $10,000

Feb 19, 2020 at 09:22 // News
Author
Coin Idol
Cryptocurrency market started off from the downtrend that followed from the weekend

The entire cryptocurrency market started February 18, 2020 with a good trading impression. The uptrend of some stocks, which have been strong at the start of the market, is gradually slowing down. All of the top 10 have risen, and 83 of the top 100 have a green light, indicating a rise. The entire market cap is increasing and it is now standing at around $285.2 billion.

According to the coinmarketcap.com, Bitcoin's price rose 0.39% to $9,637.16 on Feb 18, 9:00 am New York time. And at press time, the BTC/USD price is standing at about $9,774 (1.96%), with a market cap of more than $178.14 bln and volume (24h) of over $41.85 bln.

Screenshot_2020-02-18_All_Cryptocurrencies_CoinMarketCap.png

The price of Ethereum (ETH) rose 5.48%, Ripple (XRP) 1.51%, Bitcoin Cash (BCH) 0.89%, Bitcoin SV (BSV) 6.52 percent, Litecoin (LTC) 0.80 percent, and Tezos (XTZ) 11.18 percent.

Cryptocurrency market moves

At this time, the market capitalization of the cryptocurrency market stood at $27.3 billion with the share of BTC at 62.7 percent.

The Bitcoin futures price on the Chicago Mercantile Exchange (CME) started off sharply. February's most trading volume fell to $840, down $840, and March to $9825, down $850, and April fell $775 to $1,200.

Cryptocurrency market started off from the downtrend that followed from the weekend and started with an overall upward trend.

Bitcoin is retreating to $9,800 and attempting to rebound, trading at $42 billion.

Bitcoin SV and Tezos are on the rise, with most of the major coins such as Ethereum and XRP rising.

As Coinidol.com reported before, Bitcoin has lost more ground after failing to break the resistance at $10,400. The bulls are battling to defend the $9,800 as the support cracks. On February 11, the bulls defended the $9,800 support and price rebounded to reach the overhead resistance. 

A break below the support will result in the coin reaching the low of $9,200. Likewise, a rebound will catapult the coin to the overhead resistance.

Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.


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