The chart is created using TradingView
Bitcoin (BTC / USD), Ethereum (ETH / USD), Alt coin price, chart and analysis
- The cryptocurrency market capitalization is back over $ 2 trillion.
- Leaving the recent consolidation may leave room Bitcoin move higher.
- Alt coins want to continue their recent rally.
AfterDuring the short-term side pricing period, Bitcoin will return to its highest level in several months over just over $ 48,100 and may soon return to the level last seen in early-mid-May this year. While this resistance may persist on the first attempt, the overall positive mood in the market is likely to lead to repeated attempts if the initial effort fails.
Prices through CoinMarketCap.
Daily BTC /USD the price is now just over 50% of the Fibonacci retracement level, which is hard to overcome. The spot price is back at 200 days at a simple moving average, while the CCI figure is not yet in overbought territory. A weekend trading session can be volatile due to smaller volumes, so careful risk management is required before starting any transaction.
Bitcoin (BTC / USD) Daily Price Chart August 20, 2021
Ethereum left its recent uptrend this week, but its sale ended with a 20-day sma in the middle of the week. If it remains mobile, remains supportive, and Ethereum could reverse a several-week uptrend, the recent double-top is likely to threaten around $ 3,300 and $ 3,400. Again, the CCI indicator is in neutral territory, but it is at the top of the overbought signal flashing.
Ethereum (ETH / USD) Daily price chart August 20, 2021
The alt coin has also turned higher since the last calm period, with Cardano (ADA), Ripple (XRP) and Polkadot (DOT) coins, a two – digit percentage increase over the last 24 hours was recorded. The rest of the room is currently covered in green ink, showing medium to high single-gain.
What is your view Bitcoin, Ethereum and the Alt-Coin market – bullish or bullish ?? You can let us know via the form at the end of this article or contact the author via Twitter @ nickcawley1.