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Bitcoin Technical Analysis + ETH, BCH, XRP and LTC | Blocksats

As every Tuesday, we have for you another expert technical analysis of cryptocurrencies prepared by Graphław from Coinquista Labs. What awaits Bitcoin, Ethereum, Bitcoin Cash, Litecoin and XRP courses in the near future? Below you will find an analysis of the BTC course, and on the official Coinquista blog you can read the analysis of other digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-02-06-2020/

What is Bitcoin planning?

Looking at the quotations of the oldest of virtual currencies, we will notice that the price of BTC has been moving in a horizontal trend forming an isosceles triangle for over a month. As a result of today’s night increases, the market broke the downward trend, which is the upper limit of this formation, which naturally paved the way for further appreciation.

It is worth noting that as a result of this appreciation, the price of Bitcoin was above the psychological barrier of USD 10,000. However, further increases did not last too long.

At the daily interval, it can be seen that this appreciation stopped in the vicinity of another technical resistance, i.e. USD 10,400. From a purely technical point of view, only a permanent defeat of this zone could open the way for further growth.

However, it cannot be ruled out that before this happens, a downward correction will appear on the market, which could result in a re-test of the downward trend line that has been overcome today.

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

Bitcoin Technical Analysis + ETH, BCH, XRP and LTC |  Blocksats 26

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-02-06-2020/

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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