It is bitcoin (BTC) again succeeded by a plurality of resistance to break levels. The cryptocurrency thus established a new annual high. In addition, the altcoins are also doing well now that they are starting to hook up on BTC’s good performance.
CoinMarketCap indicates that the price of bitcoin (BTC) is $ 9,321 at the time of writing after rising by 7.3% in the last 24 hours. Total market capitalization increased by more than $ 10 billion to $ 282.3 billion in the last 24 hours. Against bitcoin’s market capitalization of $ 164.5 billion, the bitcoin dominance is 57.3%, an increase compared to yesterday.
Bitcoin continued the sudden rise yesterday , breaking the resistance at $ 8,500. The rate also continued to rise above this price level and then reached $ 8,700. For about 15 hours, the bulls were unable to push the price above this price level.
Yesterday, at the end of the afternoon, they succeeded anyway. BTC rose to the next resistance at $ 8,900 where the weather continued to trade just below for a few hours. But last night, around 3:00 AM, the bulls made the next move.
The rate rose to a new annual high at $ 9,388 on the cryptocurrency exchange Coinbase. Bitcoin has not been able to reach this price level since 10 May 2018. However, the price fell slightly again after reaching this peak.
Bitcoin appears to have found new resistance in the area of $ 9,300. Above this resistance level the next resistance is at $ 10,000. On the 3-day graph, the 50- and 100- moving average (MA) lines are about to form a bullish crossover . This is a bullish signal and we may see further increases in the short term.
Within the top 10 cryptocurrencies, next to bitcoin is the largest riser EOS , which with a value of $ 7.16 rose more than 7.13% in the last 24 hours. With this, EOS continues the bullish momentum of yesterday. The second largest riser at the moment is ethereum (ETH) with an increase of 4.98% and a value of $ 277.7.