Markets Update: BTC Tests $4,000, BCH and ETH Test $150
The cryptocurrency markets have produced several days of bullish price action, with BTC testing resistance near $4,000 for the time in five weeks today. In other market action, both BCH and ETH rallied to test resistance near $150, and EOS spiked to again rank as the fourth-largest cryptocurrency by market capitalization.
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Good sign for crypto. Other altcoins moving in same direction as btc.
We might reject that 4000 resistance level. if not reject and if price move upwards it becomes our new support level. And this could be new sign of bull cycle. But there is a large chance for bull trap.
Thanks for the article Viktorai.
Believe it’s a bull trap, we still didn’t experience final flush and volume still too low.
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Sure it can be easily so. But never the less - it's better North than South :)
Ready for both scenarios 😁 but deeply would like to see bitcoin cheaper to get more 😁
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eth showing big wild moves definitely something to hold for long