AToken Report | Bitcoin Price is Expected to Break $8,800 SOON
BTC firstly led the mainstream coins to fluctuate and present a horizontal price movement at yesterday night, and then rose from 8 am with a maximum increase of nearly 9%. The current BTC price is around $ 8,500, which has exceeded yesterday’s price $ 8,450. If there is no retracement below $ 8,200 in the short term, it will continue to rise. Seeing from the quarterly line, it is hard to break out $ 8,800; while as per the MADC of BTC in the past month, it is of great possibility to break out $8,800.
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1. Among of top 500 coins, 362 of them is prone to jump, while the rest down.
2. Crypto greed & fear index is 56, indicating most traders are prone to invest much more in crypto market.
3. OTC Premium Rate is -2.11%
✎ BTC Analysis
BTC price now is $8525.06 with the moving average +5.41%. BTC price continued to fluctuate last night, and it hovered around $ 8,100. Since 8 am, it has started to rise and has increased by more than 5%. BTC trend can no longer be estimated by the monthly line, while can only be analyzed by daily candlestick chart of the quarterly line. Looking at the quarterly line, BTC has stepped out of the “basin” trend, currently in a rising range, and the transaction volume is relatively dense. As per the yesterday’s analysis, $ 8,450 was a resistance position that has been broken out. The next resistance position is $ 8,800, while the support position is $ 8,200.
First support position: $ 8,200; First resistance position: $ 8,800.
✎ ETH Analysis
ETH price now is $135.82 with the moving average -1.72%. Yesterday night ETH upward trend is a little weakened and slightly prone to decline; while, starting from 8 am today morning, ETH is increasingly rising with the broader market. In general, ETH growth trend is not as strong as other mainstream coins, with the growth range of less than 5%. From the perspective of ETH trendline, the support position is quite important; ETH rises accompanied with some fallbacks. It will continue to rise if the price is not close to $140 in the short term.
First support position: $ 140; First resistance position: $ 155.
✎ EOS Analysis
EOS price now is $3.28 with the moving average +6.67&%. Yesterday EOS trendline is similar to BTC, first fluctuate and present a horizontal price movement, then start to rise with the range of 6%. The MACD7 is divergent from the MACD30, while the retracement adjustment is a good trend and the support position is $3. As long as ETH fallback does not approach to $3, it will continue to rise.
First support position: $3; First resistance position: $3.4
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