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Bitcoin And Crypto Market Remains Vulnerable: BCH, XLM, EOS, TRX Analysis
The total crypto market cap declined heavily and tested the $285.0B support area.Bitcoin price is under a lot of pressure and it recently tested the $11,000 support area.BCH price is down 5% today and it settled below the $350 support area.EOS price is currently correcting higher, but it may face hurdles near the $4.80 level.Stellar (XLM) price tumbled below the $0.0900 level and even tested the $0.0850 support.Tron (TRX) price extended losses by more than 8% and broke the $0.0300 support area.The crypto market cap and bitcoin (BTC) declined heavily below key supports. Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $330.0B and $320.0B support levels. The market cap even broke the key $300.0B support area and moved closer towards the $285.0B support area. In the short term, there could be an upside correction, but the market cap is likely to face resistance near the $305.0B and $308.0B levels. Therefore, there are chances of more losses 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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