Bitcoin along with the rest of the cryptocurrencies bounced back up after a pullback. Over the last day, the global crypto market noted a minor surge of 0.72%. Despite this, Bitcoin’s dominance declined by 0.15% over the same period.
Bitcoin [BTC] noted a minor rise of 0.45% over the last 24-hours, pushing its price to $10,640. At the time of writing, BTC held a market cap of $196 billion and a 24-hour trading volume of $37 billion. The crypto appeared to be consolidating in a tight range-bound.
Bears appeared to have gained an upper hand despite the minor positive change. The dotted markers of Parabolic SAR hovering on top of the price candles resisted a potential upward trend by Bitcoin. The RSI continued to tread below the 50-median line depicting low buying pressure in the coin market.
If the negative trend continues, Bitcoin could target its immediate support point of $10,225 while its resistance remained unbreached at $10,811.
Binance Coin [BNB]:
Binance Coin’s [BNB] attempts to surpass the recent high failed as it noted a decline of 0.55% over the last day, driving its price to $27.26 as it registered a market cap of $3,93 billion and a 24-hour trading volume of $387 million.
The red closing bars of Awesome Oscillator depicted a shift to bearish momentum as it closely mimicked the last price action. Chaikin Money Flow, on the other hand, continued to hover well above the zero-line depicting a strong inflow of capital in the coin market and an overall bullish phase for the coin.
BNB found its immediate resistance at $31.15 while its support stood untested at $22.75
Litecoin [LTC] was being traded at $46.45 after a surge of 1.41% over the last 24-hours. At the time of writing, the coin recorded a market cap of $3.048 billion and a 24-hour trading volume of $2.36 billion.
Closely following Bitcoin’s price action, the silver crypto was also observed to be consolidating while exhibiting bullish patterns. Both Klinger Oscillator, as well as MACD, projected a bullish phase for the coin in the near term. If the bulls gain traction and manage to defend the current level, it could push the price closer to its overhead resistance of $50.78 while its immediate support level stood at $42.93.