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Bitcoin Technical Analysis: Cryptocurrency’s hold above $4,000 acts as its new cushion

From ambcrypto.com

The cryptocurrency market’s roller-coaster ride in 2019 has been ongoing with several coins seeing ups and down on the price charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP witnessed stagnated price holds in a scenario where Ethereum overtook XRP to become the second-largest cryptocurrency. Bitcoin, at the moment, is still holding above the $4,000-mark. The one-hour Bitcoin chart shows a cryptocurrency that has settled into a sideways price movement after increasing its support from its previous hold. The immediate support has been holding at $3795.4 while the immediate resistance is at ... (full story)

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  • Category: Technical Analysis