Bitcoin price & Altcoin analytics

Bitcoin ended the month of April with a monthly high of $9,498. During the next 24 hours, it has undergone significant downward revisions but then recovered back to $9,000 level.

Yesterday, Ethereum rebounded and broke the $200 resistance. Unfortunately, the upward move was unimpressive as bulls were repelled. The market is retracing and may find support above $200.

Ripple has made a tremendous bullish run after a rebound. The rebound breaks through the resistances of $0.20 and $0.20500.

As Bitcoin continued to rise from April 17, 2020, it was predicted that its next goal would be $8,000. However, the coin has not managed to break $7,200.

On April 16, the world’s leading cryptocurrency Bitcoin (BTC) plunged to the point where it could barely maintain $7,000 at several digital currency exchanges such as Upbit, Binance, BitMEX Bithumb and many others. Stock markets globally are also showing weakness.

In March 2020 Bitcoin price volatility surged to a record high, due to massive sell-offs and panic on the market. However, recent researches of the cryptocurrency show that long term Bitcoin holders, aka Hodlers, are not in a hurry to sell their tokens.

On March 13, Bitcoin price crashed again reaching one of its lows of $4,563. The price fell by more than 38% in just 24 hours.

Ripple has consistently dropped within the last 48 hours. After its consolidation over the previous support of $0.24 for two weeks, XRP dropped to a low of $0.20. Currently, the bulls have been making concerted efforts to defend the support at $0.20 since March 8. Buyers make an upward move to a high of $0.21 but face resistance.

The crypto currency markets take on another dimension as they survive the overbought market conditions. Chainlink, Binance Coin, Monero and Huobi Token have resumed an upward move to retest the recent highs. Conversely, HOLO is still in a sideways trend but is still making an upward move