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You are here: Home / News / Altcoin News / Bitcoin, XRP, Bitcoin Cash Technical Analysis on 29th September 2020
Bitcoin, XRP, Bitcoin Cash Technical Analysis on 29th September 2020

Bitcoin, XRP, Bitcoin Cash Technical Analysis on 29th September 2020

September 29, 2020 by Reena Shaw

The collective crypto market dipped by 1.04% over the past 24-hours as Bitcoin along with altcoins witnessed minor downside correction. This was, however, followed by a quick rebound close to previous levels.

Bitcoin [BTC]:

BTC 3 e1601371377648

Bitcoin[ BTC] was trading at after a minor decline of 1.15% over the last 24-hours as it held a market cap of $198 billion and a 24-hour trading volume of $58.53 billion. Despite the minor pullback, the green closing bars of Awesome Oscillator depicted a bullish momentum in the coin’s price. Further reinstating the positive sentiment was Chailink Money Flow which was a well above the zero-line suggesting inflow of capital into the coin market.

The bulls have so far managed to firmly hold the support level of $10,130 and if this persists, the coin could progress towards the target level of $11,057.

XRP:

xrp 8 e1601373036965

The XRP bulls appeared to be heading for the revival of a much-needed uptrend. The coin soared to $0.243 after breaching an overhead resistance following a minor rise surge of 0.08% over the last day. At the time of writing, it registered a market cap of $10.98 billion and a 24-hour trading volume of $1.66 billion.

The indicators were also suggestive of the latest push as both MACD and Klinger Oscillator underwent bullish crossover following the price action. If XRP breaches the target point at $0.252, it could climb to another resistance at $0.292, a level that was last seen in the first week of this month as it found crucial support at point $0.22

Bitcoin Cash [BCH]:

BCH 8 e1601374021549

Bitcoin Cash [BCH] was trading at $227 after a 0.92% decrease over the last 24-hours. The coin recorded a market cap of $4.21 billion and a 24-hour trading volume of $1.74 billion.

The dotted markers of Bitcoin Cash aligned below the BCH candles supported the price from a further decline. RSI also rose above the 50-median line depicting a renewed sentiment of increasing buying pressure in the BCH market.

If the bullish momentum continues, BCH could target its immediate resistance point at $268-level. It support level stood at $210.

Filed Under: Altcoin News, Bitcoin News, News Tagged With: Bitcoin Cash (BCH), Ripple (XRP)

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