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September 22, 2020
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Technical analysis of the Bitcoin + ETH, BHC, LTC and XRP course 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-09-06-2020/

Will Bitcoin finally break the horizon?

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 between USD 9,300 and USD 9,900 for a week. At present, this market oscillates around the upper limit of this consolidation, where a supply response has already appeared, signaling its potential rejection. This fact increases the likelihood of appearing in the near future declines, for which the range of the lower formation limit, i.e. USD 9,300, seems to be realistic.

Even if technical support of USD 9,300 were defeated, the BTC price could drop to only USD 8,950 or USD 8,500. Until these zones are permanently removed, all downward forms could be treated as correction forms, with the potential for greater increases over a longer time horizon.

To sum up, although there may be some declines in the horizon of the next few days, in the long run, the general trend on Bitcoin quotations does not look so bad. However, in order for us to talk about potential for larger increases, the market would first have to break above the technical resistance of USD 10,400.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-09-06-2020/

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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