Analytics

Bitcoin Bulls have taken the king coin to retest the $10,000 overhead resistance since May 30. Buyers pushed price to the $9,800 resistance zone and were repelled. BTC retraced to $9.400 and resumed consolidation above the current support.

Ether breaches more resistance levels as it approaches the resistance zone of $250. The coin has earlier rebounded twice to break the previous overhead resistance at $227 and pushed to a new high of $247.

Surprisingly, Ripple has been stagnant, soon after the breakdown at the $0.20 resistance. For over a week, price has been fluctuating below the $0.20 resistance without any discernible direction of price movement.

Litecoin has made a gradual upward move as it approaches the downtrend line or retests the $50 overhead resistance. In recent times, the upward move has been plagued by several setbacks.

In the last 48 hours, Ripple has failed to breach the downtrend line. The crypto has been unsuccessful to push above the previous highs.

Since May 24, Bitcoin dropped to $8,669 and resumed fluctuation between $8,600 and $9,000. For the past four days neither the bulls nor the bears have taken advantage of the recent breakdown.

Litecoin has settled above $42 after a series of downward moves in May when the coin reached the overbought region. The crypto has a major breakdown that plunged it to $39 low.

Since April 29, the bears have overwhelmingly subdued the bulls as buyers failed to break above the downtrend line. The downtrend line shows the resistance levels of the price of Ripple.

Yesterday, BTC made another surprise drop to $8,700 and the support appears to be holding in the meantime. The gradual downward move has been systematic.