BitcoinBitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at ,815 to climb above ,000. It has met slight resistance at around ,430 and will need to break here to continue higher.If the bulls penetrate ,430, higher resistance lies at ,500 ,707 (1.414 Fib Extension), ,810, and ,000. On the other hand, if the sellers push lower, support is found at ,000 and ,815. Beneath this, additional support lies at ,500.BTC/USD. Source: TradingViewEthereumEthereum surged by an exceptional 24% over the past week of trading as it managed to climb above 0 to reach the current trading level at 1. It recently broke strong resistance at 8 (Bearish.618 Fib Retracement) but a close above is still
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Yaz Sheikh considers the following as important: Bitcoin (BTC) Price, Market Updates, Price Analysis
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Bitcoin
Bitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at $9,815 to climb above $10,000. It has met slight resistance at around $10,430 and will need to break here to continue higher.
If the bulls penetrate $10,430, higher resistance lies at $10,500 $10,707 (1.414 Fib Extension), $10,810, and $11,000. On the other hand, if the sellers push lower, support is found at $10,000 and $9,815. Beneath this, additional support lies at $9,500.
Ethereum
Ethereum surged by an exceptional 24% over the past week of trading as it managed to climb above $250 to reach the current trading level at $271. It recently broke strong resistance at $268 (Bearish.618 Fib Retracement) but a close above is still necessary to confirm the break.
If ETH closes above $270 and climbs above $277, additional resistance lies at $290, $300, and $310 (bearish .786 Fib Retracement). Alternatively, if ETH falls beneath $270, support lies at $261, $251, and $240.
Against Bitcoin, ETH broke above 0.023 BTC and rose past pivotal resistance at 0.025 BTC. The cryptocurrency continued higher above resistance at 0.026 BTC to reach 0.0264 BTC.
Looking ahead, if the bulls continue above 0.027 BTC, resistance lies at 0.0278 BTC, 0.0288 BTC (bearish .786 Fib Retracement), and 0.03 BTC. On the other hand, if the sellers push lower, support lies at 0.025 BTC, 0.0239 BTC, and 0.023 BTC.
Ripple
XRP finally broke above resistance at $0.289 this week after surging by a total of 15%. It continued to break strong resistance at $0.3 as it currently trades at $0.327.
Looking ahead, the first level of resistance toward the upside lies at $0.337. Above this, additional resistance is expected at $0.35, $0.361, and $0.379. On the other hand, if the sellers push lower, support lies at $0.317, $0.31, and $0.3.
Against BTC, XRP also broke pivotal resistance at the 3000 SAT level. It continued to climb above 3200 SAT until meeting resistance at the 200-days EMA which caused it to drop to 3185 SAT.
Moving forward, if the bulls break above the 200-days EMA, resistance is expected at 3270 SAT, 3325 SAT, and 3500 SAT. Alternatively, if the sellers regroup then support can be expected at 3115 SAT, 3000 SAT, and 2900 SAT.
Litecoin
Litecoin saw a 10% price increase over the past 7-days as the price for the cryptocurrency breaks $80. It has witnessed a 40% price surge over the past month after it managed to break above the 200-days EMA in January.
Litecoin must now break resistance at $83.40 to continue higher. Above this, resistance lies at $88.36, $90, $95.48, and $100. On the other hand, if the sellers push beneath $80, support lies at $78, $74.70, and $70.
Against BTC, Litecoin managed to create a fresh 6-month high after breaking above resistance at 0.0075 BTC. The cryptocurrency is now testing resistance at 0.008 BTC.
Beyond 0.008 BTC, resistance lies at 0.0081 BTC, 0.00832 BTC, and 0.00846 BTC. On the other hand, if the sellers regroup and push beneath 0.008 BTC, support is expected at 0.0078 BTC, 0.0075 BTC, and 0.0073 BTC (200-days EMA).
EOS
EOS created a fresh 7-month high this week after it increased by a total of 16% to reach the current trading price of $5.38. This is now the first time that EOS broke $5.00 since July 2019.
The first level of resistance lies at $5.68. This is then followed with resistance at $6.00, $6.52, and $7.00. Alternatively, support can be found at $4.92, $4.48, and $4.05.
Against Bitcoin, EOS broke above a long term symmetrical triangle in January and started to surge ever since. It broke above the 200-days EMA and continued to climb into the current resistance at 0.00052 BTC.
Looking ahead, if the bulls break 0.00052 BTC, higher resistance lies at 0.00055 BTC and 0.00057 BTC (bearish .382 Fib Retracement). Above this, higher resistance lies at 0.0006 BTC, and 0.00065 BTC (bearish .5 Fib Retracement). Alternatively, if the sellers push lower, the first level of support lies at 0.0005 BTC. Beneath this, added support lies at 0.000472 BTC, 0.00045 BTC, and 0.00044 BTC (200-days EMA).
