Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP Analysis: Quick Update
![](https://steemitimages.com/640x0/https://mentormarket.io/wp-content/uploads/2019/05/Analysis-logo.jpg)
Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.
![Screen Shot 2019-05-28 at 11.33.06 AM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/ad126e261b7603558f723946baca9ccc3dc5235a.png)
![Screen Shot 2019-05-28 at 11.45.39 AM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/2d8cb9a9ff8e6aaec9f6456e353d48e12060bf58.png)
We’re continuing to see bearish divergence on both the daily RSI and MACD.
![Screen Shot 2019-05-28 at 11.41.55 AM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/da86154efef1bebde6905c505bc086b49d441d57.png)
Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.
![Screen Shot 2019-05-28 at 11.34.44 AM.png](https://steemitimages.com/640x0/https://img.whaleshares.io/wls-img/workin2005/566cb884ab9379f668afc199d104109022cf7fa0.png)
In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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If BTC continues at this rate, where do you see it by end of year?
Assuming this is the bull run we've been waiting for, I wouldn't be surprised to see a $30K BTC by years end.
If BTC continues at this rate, where do you see it by end of year?
We might see some more shoots in the price of BAT. However, you don't seem to be acquainted with privacy coins such as Monero, Veil and ZEC etc. You may give an analysis on these.