Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple: Price Analysis, 1st Week- 05th July
By — Nirmal Ranga
“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” — Paul Tudor Jones
Cryptocurrency markets has seen a ray of hope in the current week with the overall market capitalization regaining strength by 15% in 4 days. Presently, traders and investors have associated value to the flag-bearer currency at $5,700 level post the forced fall below $6,000. Against the same, the whole of markets gained a sharp positive momentum in the week.
Bitcoin is representing a gain of about 1.85% in last 24-hours trading close to $6,600.
BTC has gained close to 18% from it’s current year all time low of $5,755. The move was supported with decent volumes and the most important resistance of 20-day EMA was crossed and has been sustaining well over the same.
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About Author — Technical/Derivatives Analyst & Crypto-Currency Expert with a decade of Professional Experience having expertise in Equities, Commodities, FOREX & Crypto-Currency Markets. Connect with him on LinkedIn and follow him on Twitter.