Bitcoin hit a fresh 2020 trading high last week, as the largest cryptocurrency by market capitalization rallied above the $12,500 level.
Bitcoin is close to 12-monthly highs, the price driven by a mixture of safe-haven status, inflation fears and a weakening US dollar. But can the surge last?
Ethereum price analysis shows that a steep decline towards the $300 level may present an opportunity to enter into the prevailing bullish trend.
Litecoin price analysis shows that the cryptocurrency could start a corrective drop towards the $50 support area if price holds under the $62.50 level.
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NEO price analysis shows that a bearish reversal candle has formed on the daily time frame, and may be signalling a corrective pullback before the next major rally commences.
Bitcoin Cash price analysis shows that medium-term bulls may be targeting a rally towards the $360.00, and possibly the $480.00 level.
EOS price analysis highlights that the cryptocurrency has a strong bullish bias while trading above the $3.50 level, and could rally towards the $5.00 area.
Ripple technical analysis shows that medium-term bulls may be preparing to test towards the $0.35 level. A large bullish reversal pattern will form if the price reaches the $0.35 level.
Bitcoin holds above $12,000 benchmark
Bitcoin price technical analysis shows that further upside remains likely while the price trades above the $10,500 level. Short-term technical selling is likely to increase below the $11,460 level.
Crypto Index analysis shows that the ongoing bullish triangle pattern breakout appears to be targeting the 78,000 resistance level.
Litecoin price analysis shows that the cryptocurrency could drop towards the $47.00 support area before a meaningful recovery takes place.
Ethereum price analysis shows that a large amount of negative amount of bearish MACD price divergence have formed, and the cryptocurrency is also failing to close above key long-term Fibonacci resistance.