Bitcoin, Price Prediction- Market Leaders’ Recovery Pushes Altcois Higher

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Brian Bollinger Bitcoin, Ethereum price prediction. The rejection of lower prices by market leaders Bitcoin (and Ethereum) has created a sense that the crypto market is sustainable. A few altcoins rose higher today to try and regain lost ground. advertisementFurthermore, at 8:21 am EST Tuesday, the global crypto market plunged to $790.37B to billion, losing 1.31% since yesterday. The total crypto market volume rose 2.08% to $62.79 billion. The total volume of DeFi is $4.4 Billion. This represents 7.01% to the total crypto market 24-hour volume. Top Gainers and losersSource- Coin360The top gainers among the top 100 listed coins were Curve DAO Token, $0.5822, which registered a 14.73% growth, while Litecoin(LTC), at $67.85, recorded a 11.75% jump. NEM and Chiliz are the top losers. The CHZ price at $0.179 has a 9.49% drop and the XEM at $0.03154 a 7.72% decline. Trending StoriesBitcoin price Source- CoinmarketcapWith an intraday rise of 2.2%, Bitcoin recovered from the $15755 -$15655 neckline support for the descending triangle pattern. The bull cycle within this pattern may drive the price higher in order to retest the overhead support trendline. Source: Coinmarketcap. The Bitcoin price rebounded from the $15755-$15655 neckline support of descending triangle pattern with an intraday jump of 2.2%. The daily candle’s long-tail rejection highlighted the fact that buyers are aggressively protecting this support. Therefore, if the coin shows sustainability above the $1100 mark, the holders can expect a bullish reversal to the overhead trendline.Source-TradingviewadvertisementThe interested buyer looking for an entry opportunity should wait for the price to break the overhead resistance.Share this article on:About author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. Close Story