The crypto currency market shows a slight rise with Bitcoin’s critical support levels. Increasing liquidity, while pushing the price of BTC, a positive atmosphere dominates throughout the market. However, investors still maintain their cautious stance. Bitcoin’s current price movements give clues about the future aspect, while remarkable developments in the Altcoin market, including cryptos such as XRP Coin.
Bitcoin rose from the support level: XRP Coin filled the eye
Bitcoin continues its upward movement by recovering from the critical support level. With increasing liquidity support, BTC is currently trading at $ 97,125,77. Ethereum increased $ 2,669,98 and XRP increased by 5.05 %in the last 24 hours to $ 2.49. Thus, XRP Coin left behind the top 10 with the percentage of rise. Between the first 10 crypto currencies (left) $ 206.07, Binance Coin (BNB) is $ 616,95, and Dgecoin (DEGE) is $ 0.2574. The total value of the crypto currency market reached 3.19 trillion dollars and increased by 1.58 %in the last 24 hours.
Nevertheless, the fear and greed index shows that investors are still cautious. Bitcoin leads to 60.42 %under market domination, while it is followed by Ethereum with 10.09 %. According to analysts, Bitcoin has now found strong support at the levels of $ 95,000 – $ 96,000. However, if this level is broken downward, the $ 92,000 – $ 93,000 region stands out as the next support point. The price movement has not been able to determine a clear direction at the moment and may continue to follow the horizontal course in the short term. Analysts predict that a more prominent price movement in Bitcoin may occur next week.
What are the current levels to be considered in Bitcoin?
In terms of resistance levels, $ 99,000 for Bitcoin is a significant obstacle in the short term. The more powerful resistance levels are in the $ 101,000 – $ 103,000 band and above 106,000 – 107,000 dollars above. Although Bitcoin manages to stay over $ 90,000, a significant part of market participants are still cautious. Analysts say that the current market appearance is similar to the 2017 cycle. At that time, after a great rise, the consolidation process took place and a strong rally came. According to Altcoin Daily, the crypto market is to enter a new phase and this change takes place on a global scale.
