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

10.12.2018 In 2019 with Bulltraders.com. Mercedes Benz GLC is awaiting for its owner! Read more ...
06.12.2018 Bulltraders.com will remove BCHUSD and BCHBTC from the range of CFD-instruments on cryptocurrency soon. Read more ...
20.11.2018 Week of the super benefits from Bulltraders.com! Read more ...
08.11.2018 "Protection of trading" is a reliable service under new conditions! Read more ...
05.11.2018 Changes in the schedule of trading sessions in connection with the celebration of Thanksgiving Day in the United States on November 22. Read more ...
Show all

Expert view

10.12.2018 And where is the bottom? Read more ...
09.12.2018 The week of negative dynamics Read more ...
09.12.2018 Nervous market Read more ...
03.12.2018 Mining still alive? Read more ...
03.12.2018 Positive expectations at the US stock market 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).


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.