The last 24 hours saw various cryptocurrency shade all or some of their recent gains. With top cryptos like Bitcoin, Ether and DOGE leading the dip.
The next 24 hours will see more upward movement as these cryptocurrencies will surge to trading their different price marks. Here is the market outlook for today.
Bitcoin sank as low as $54k during the last 24 hours. The last 24 hours saw an intraday low of $54,738 and a high of above $59k as bitcoin lost 4.9% during this time.
The buyers rallied the market at its deepest point in the last 24 hours and stop further price drop below $55k. At the of writing, BTC is experiencing a mild price correction. Things can get sour for the bulls if more bears get behind this price correction.
The bulls will ward off a further attack on the $55k support as the there are not enough bears to tip it. The buyers will rally the market before the price get as low as $55,200 and will see BTC trade above $56,000 before the next 24 hours end.
Ethereum hit a new all-time high during the last 24 hours. It recorded an intraday high of $4,221 and a low of $3,818 as it lost 3.7% in the past 24 hours.
At the time of writing, ETH is trading a little above $4,000. A campaign to take prices back to trading above $4,100 is underway. The next 24 hours may see ether trade between $3,900 and $4,200.
The last 24 hours saw the Binance coin edge closer to its current all-time high as it had an intraday high of $672 and a low of $615. Unfortunately, crypto’s third-largest recorded a loss of more than 3% during the period in consideration.
The next 24 hours will see more attacks on the $650 support as well as $670. The $670 resistance will flip and BNB may test $680 if the conditions are right.
The bears were triumphant as they brought Ripple to test the $1.32 from as high as $1.59. During this last 24 hours, XRP lost 9% of its value.
XRP will look get back to trading above $1.5. Trading above $1.5 is almost inevitable as the buyers are rallying the market at this time and XRP is trading at $1.44.
The daily struggle continues for the buyers and sellers as both are keen on making the market go their way. Whose way will it go today?
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