Coinfomania: Where blockchain and cryptos live.

Crypto Market Outlook: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB).

The last 24 hours saw a mixed market sentiment. While some altcoins were on the rise, major coins saw price corrections and dips opening opportunities for buyers to bag more. At the time of writing, most cryptocurrencies are on the rise as it seems buyers took the opportunity to buy and start a rally.

Here is the crypto market outlook for today:

Bitcoin (BTC)

That last trading session played out quite bearish for the king coin as it lost more than 2% of its value during the period. The bears were grinning hard as some long accounts were liquidated.

The 24 hours saw bitcoin hit $64,804 to record a new all-time high, as confirmed in a previous report. After the high, the sellers took over and prices came crashing down before halting at $61,664.

Bitcoin is back above $62k as at the time of writing. The bulls will use the $62k mark as main support to push prices up various resistance levels and eventually, the $64k resistance.

Ether (ETH)

Over the last 24 hours, Ethereum went in the opposite direction of BTC as it went bullish. Recently, ether has continually enjoyed more bullish moments and is no sign of stopping. 

The second-largest cryptocurrency by market cap is stuck below $2,500 as efforts to break that critical resistance failed. With the new upward trend it is now, prices may break the previous all-time high of $2,487 to trade above $2,500 before the end of the next 24 hours.

Binance Coin (BNB)

Binance coin had a thrilling 24 hours as it recorded a loss of more than 3% during the trading session. After the price correction that saw the coin back to the $500 region, it got harder for BNB to climb to the previous ATH and has since settled at $520 and $580.

The next 24 hours will see the bulls hope for a comeback. Buyers will rally the market and get BNB trading above $580 before the end of the 24 hours.

More action is expected to unfold over the next 24 hours as right-wing traders look forward to reclaiming dominance in various cryptocurrencies.

 

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