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September 20, 2020
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Bitcoin Technical Analysis + ETH, BCH, XRP and LTC – Blocksats

As every Tuesday, we have another expert for you technical analysis cryptocurrency prepared by Chartław of Coinquista Labs. What awaits course Bitcoin. Ethereum. Bitcoin Cash, litecoin and XRP in the near future? Below you’ll find the course analysis BTC, and on the official Coinquista blog you can read the analysis of the others digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-26-05-2020/

“Bitcoin blushes”

Looking at the quotations of the oldest of virtual currencies, we will notice that according to my last week’s projection, the BTC price has once again rejected the psychological barrier of 10,000. USD and for the vast majority of the past week we have observed falls. As a result of this depreciation, there was already a defeat and a later re-test of support zones (now resistance) around USD 9,310 and USD 8,950.

Given that the level being tested now coincides with 50% correction Fibonacci from an earlier downward impulse, it is possible that a supply response will also occur in its area. If that happened, the BTC price could drop to around USD 8,515 or even USD 8,250.

It is worth noting at this point, however, that if such declines occurred and if the depreciation stopped in the vicinity of the level, then we could talk about the consolidation being formed, which from a purely technical point of view would increase the chances for further increases in a slightly longer time horizon.

It turns out, therefore, that although the price of BTC may drop over the next few days, it doesn’t look that bad in the long run.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-26-05-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration, all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analyzes of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

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