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Crypto-Bounce Reaches Decision Point as Prices Near Resistance

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Crypto-Bounce Reaches Decision Point as Prices Near Resistance


This article was posted on Wednesday, 22:23, UTC.

The major coins continued higher today after yesterday’s re-test of the panic lows, and both Ethereum and Bitcoin are trading near crucial support/resistance levels after the strong rebound. The smaller coins also registered a good session, and the total market cap of the cryptocurrencies reached $105 billion again after falling below $90 billion during the correction. As the short-term downtrends are mostly intact in the coins, caution is required from traders, as the long-term picture still shows room for more consolidation, and reducing position sizes might be a smart move at this point. Bitcoin BTC/USD, 4-Hour Chart Analysis Bitcoin got…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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