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Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis

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Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis

The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance.Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels.EOS price recovered more than 5% and it is now trading near the $3.650 resistance.Ethereum Classic price rallied close to 20% and broke the $7.00 resistance area.BCH price is back above $305, but it is facing many hurdles on the upside near $320.Tron (TRX) price is up around 8% and is approaching the $0.0185 resistance area.Bitcoin (BTC) and the crypto market cap is correcting losses. Ethereum classic (ETC), ICX, tron and IOTA are surging, while BNB, Looking at the total cryptocurrency market cap 4-hours chart, there was an upside correction initiated from the $250.0B swing low. The market cap recovered above the $260.0B level, but there is a strong resistance waiting on the upside near the $268.0B and $270.0B levels. There is also a crucial bearish trend line forming near $268.0B on the same chart. Therefore, upsides are likely to remain capped in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and IOTA in the near term.

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Author: Aayush Jindal

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