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BTC recovers from fresh yearly low, ETH and XRP consolidate at key levels

From fxstreet.com

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction. BTC rebounds modestly after falling to a fresh yearly low of $57,800, ETH holds above the critical $1,500 support level while XRP stabilizes around the key $1.00 psychological mark. The technical outlook for these top three cryptocurrencies is raising hopes of a short-term recovery after a massive price decline. Bitcoin price is recovering slightly to $59,000 after hitting a new yearly low of $57,800 on Wednesday. BTC is extending its slide well below the key Exponential Moving Averages ... (full story)

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  • Category: Technical Analysis