Bitcoin price & Altcoin analytics

Bitcoin Cash (BCH) traded above its moving average lines last week. Initially, the bears failed to sustain the momentum below the moving average lines as the bulls halted the decline.

Altcoins are trading in bullish trend zones while bulls are challenging their respective overhead resistance levels. The overhead resistance has yet to be breached as the markets reach overbought conditions.

Cardano (ADA) is in a sideways movement, but meets with rejection at the resistance zone of $0.55. Buyers were unable to hold the price above the $0.55 high as there was strong selling pressure at higher price levels.

In the last two weeks, Litecoin (LTC) price has been trading above the moving average lines. The uptrend was slowed down by the $64 resistance. Since July 18, the cryptocurrency has been forced to move sideways. The altcoin has been trading between $51 and $64.

Ripple (XRP) price is trading in the bullish trend zone and above the moving average lines. The bottom line is that XRP will continue to rise as long as the price bars remain above the moving average lines. After rejecting the resistance at $0.39, XRP is fluctuating above the 21-day line SMA.

The Ethereum price (ETH) has resumed its upward movement after breaking above the $1,700 resistance. Buyers have been desperately trying to break through the $1,700 resistance since July 28.

Bitcoin (BTC) price has regained bullish momentum as it moves positively higher. On August 4, BTC fell to a low of $22,390 as bulls bought the dips.

Chainlink (LINK) is in an uptrend as the price is above the moving average lines. The uptrend has been resisted since July 30 at the $8.20 high.

Dogecoin (DOGE) is in an uptrend as the price breaks above the moving average lines.