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September 24, 2020
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Bitcoin

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-12-05-2020/

Bitcoin

A week ago I pointed out that “Bitcoin still has the potential for further appreciation, as a result of which its price could rise to USD 10,400, or even USD 13,000.” However, as it turned out, the psychological barrier of $ 10,000 was more important this time than the technical resistance of $ 10,400 and it was there that last Friday the supply response appeared.

As a result of the declines that have been going on since, the BTC price broke support in the area of ​​9,150 USD and reached 8,250 USD. Although we see a slight rebound this morning, it does not necessarily signal a return to growth. From a purely technical point of view, depreciation could reach even around USD 7,800.

This does not mean, however, that the quotations of the oldest of virtual currencies will return to decline permanently. In my opinion, this depreciation may reach USD 7,800, but I would expect there to be a greater demand response and perhaps larger increases.

Analysis prepared by Chartław of Coinquista Labs.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-12-05-2020/

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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