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The flagship cryptocurrency continued on a downswing on Tuesday.
Bitcoin is trying to restore after a drawdown yesterday. It is now trading at around $10,336.
Cryptocurrencies continue correcting not far from important support levels. If they break these areas, the entire cryptocurrency market may continue the correction much deeper.
Bitcoin and Ethereum uptrend rejected by MA200.
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Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000. Currently, it rests at $10,842.
Ethereum gained 4.16% for the last 24 hours as the team working on the Phase 0 transition published several updates as EIPs to the environment.
The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas.
Bitcoin remains dormant awaiting major price movement.
On Friday, September 11th, XRP keeps trying to escape a narrow sideways channel but the attempts are not quite successful. The cryptocurrency is generally trading at $0.2413 USD.
On Thursday, September 10th, the BTC rate is slightly growing, trading at $10378 USD after a recent drop.
Cryptocurrencies have gone in descending corrections again.
Bitcoin enters consolidation period awaiting for major price movement.
On Tuesday, September 8th, Ethereum (ETH) is consolidating, generally trading at $347.97 USD. Since the beginning of the months, the rate of the main altcoin has dropped by 25%.
After lengthy falling, on Friday, September 4th, XRP price started to restore but now the coin is trading near $0.2500 USD.