Crypto Market & Bitcoin Extended Losses: BCH, EOS, TRX, ADA Analysis
The total crypto market cap extended its decline below the $240.0B support area.Bitcoin price is under a lot of pressure and it even broke the $9,500 support area.EOS price is slowly moving lower towards the $3.100 and $3.000 support levels.BCH price broke the $280 support and it seems to be moving lower towards the $270 level.Tron (TRX) price is still holding the key $0.0150 support area and is consolidating losses.Cardano (ADA) price is facing an uphill task and it may decline further to $0.0420.Bitcoin and the crypto market cap are eyeing further downsides. Looking at the total cryptocurrency market cap 4-hours chart, there was a slow and steady decline below the $250.0B support level. The market cap even broke the $240.0B support and tested the $234.0B level. It is currently consolidating losses and it seems like there could be more downsides below the $232.0B and $230.0B levels. The next major support on the downside is near the $220.0B level. On the upside, there are many hurdles near $245.0B and $250.0B. Overall, there are chances of more downsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
Go to Source
Author: Aayush Jindal