Can Bulls Take Major Coin Rates Back To Previous Highs?
Bulls keep dominating the situation on the cryptocurrency market as the majority of the coins are in the green zone.
BTC / USD
After yesterday’s rally, Bitcoin’s (BTC) rate added 0.61% to its price share.
Analyzing the daily chart, Bitcoin (BTC) is located near the resistance at $48,465. The rise is also accompanied by an increasing trade volume, which means that the bulls are ready to continue the growth.
If the breakout occurs and BTC fixes above the resistance, the rally may continue to the zone around $50,000.
Bitcoin is trading at $ 47,621 at the time of publication.
ETH / USD
Ethreum (ETH) is the biggest gainer from the list today as the price of the chief altcoin has risen by 1.47% over the past 24 hours.
By now, Ethereum (ETH) may have built up enough power to start a mid-term rise. The growth is supported by buying trading volume, which shows the bulls’ potential to get the price higher.
In this case, the most likely scenario is the local peak test around $ 3,700, where bears could take the initiative.
Ethereum is trading at $3,286 at press time.
XRP / USD
XRP won the least on the list as the coin’s price is almost unchanged from yesterday.
