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Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis
The total crypto market cap is currently trading in a range below the $290.0B resistance.Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move.BCH price broke the $320 resistance, but it is struggling to gain momentum.EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistancesStellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels.Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance area.The crypto market cap and bitcoin (BTC) are preparing for the next break. Looking at the total cryptocurrency market cap 4-hours chart, there was an upside extension above the $280.0B resistance level. However, the market cap struggled near the $290.0B level and remained below the 100 SMA. At the moment, the market cap is consolidating in a range, with resistance near $290.0B and support at $272.0B. If there is a downside break below $272.0B and $270.0B, there could be more losses towards $250.0B. On the upside, a close above $290.0B might spark sharp gains in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
Author: Aayush Jindal
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