Over the past day, BTCUSD has not managed to overcome the resistance at 6200-6300 dollars per coin and currently it runs the risk of being squeezed below support at a rate of 6000 US dollars. Similarly, all major altcoins are under the pressure, and they can accelerate the decline in the short term if investors do not deem it necessary to resume purchases. The negative factor is seasonality. Perhaps summer is one of the main reasons for the decline in the value of all crypto-currencies.

The bitcoin price is currently trading near the level of USD 6050 with strong support at $6,000. If there is a breakthrough below 6,000, then during the following sessions there may be a significant decrease to $ 5,800 and $ 5,750, respectively. In the case of a breakout above 6250, one should expect rapid growth to the level of 6400 US dollars. The reason for the rapid growth is a strong consolidation of the market near 6000, which confirms both the uncertainty and growing nervousness of the market. Any movement for the breakthrough of these levels will be supported by traders, since it is better to have a bad move than a good marking on the spot.

Ethereum struggled to overcome the resistance of 450 US dollars, which led to a final drop of 4% over the past 24 hours. Initial support is around $ 430, below which there is a risk of further losses towards the level of 420 US dollars. If the price starts recovery, it may face with a strong resistance of 450 US dollars. To start a decent upward recovery, you need a breakout range of 450-460 US dollars.

Bitcoin Cash fell and could not stay above support levels of $ 720 and $ 700. Currently, the coin loses about 6% and is traded around $ 680. The next important support is located at $ 650. Local resistance levels are located at 720 and 740 US dollars, respectively.

Ripple retains support of $ 0.45, but runs the risk of going to 0.44, after a breakthrough it is expected to expect a possible decline to 0.40.

It seems that bitkoyn and altkoins are trying to recover above the key resistance levels. If they continue to fall in price, then there is a risk of a greater decline in BTC, ETH, BCH, XRP and other crypto-currencies.

Company news

10.07.2018 Trading on crypto-currency XRPUSD CFD-instrument is stopped. Read more ...
03.07.2018 The Summer will be HOT! Read more ...
02.07.2018 Changes in trading sessions on July 4, 2018, due to Independence Day in the United States. Read more ...
13.04.2018 Termination of the service "Trading with protection" Read more ...
11.04.2018 New CFD-instruments on cryptocurrency in Bulltraders.com. Read more ...
Show all

Expert view

27.06.2018 Cryptocurrencies look bearish. Read more ...
03.06.2018 Short week at the US stock market Read more ...
03.06.2018 Oil rally to slow down Read more ...
28.05.2018 Cryptomarket: attempts of regulating Read more ...
28.05.2018 Stock market and politics Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE