While the Technical Charts are showing a downward trajectory of Bitcoin (BTC), the flagship crypto, other digital currencies such as Ripple (XRP) are holding well to a noteworthy extent.
The next technical level to observe is now below $6,000, (its currently at $5,300) as earlier uncovered by cryptoanalyst Tomas Salles:
"The 240-Minute MACD deepens its bearish profile. It loses inclination but maintains openness between lines. There is no sign of a possible bullish turn."
Prices of Cryptos have faced low fluctuation of late. Nevertheless, that moment is normally followed by massive volatility.
Here is the trend on the BTC/USD chart:
Meanwhile, the Market Cap has registered a decline and is at $187 billion, Ethereum (ETH) is currently trading at $181, Ripple (XRP) is at $0.464, Bitcoin Cash (BCH) at $437, Stellar (XLM) at $0.23, EOS at $4.62, Litecoin (LTC) is at $43.25 and Tether (USDT) at $0.974, according to CoinMarketCap data.
Where is Bitcoin heading? What are yor thoughts? Share them in comments below!