Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls are trying to return to the game as the rates of almost all coins are rising.
BTC/USD
Bitcoin (BTC) is rising today, going up by 0.65%.
Even though the rate of Bitcoin (BTC) is below $20,415, the price has made a false breakout of the support level at $19,500. At the moment, neither bulls nor bears are controlling the situation as more time is needed for them to accumulate power for a sharp move.
Denys SerhiichukThus, the CME gap was closed at the $19,575 mark, which can be an obstacle for a rise.
Bitcoin is trading at $19,882 at press time.
LINK/USD
Chainlink (LINK) has gained the most value today, rising by 3.26% over the past 24 hours.
After the false breakout of the $8.173 level, the price is returning to it, which shows buyers' power. The closer the candle is to the resistance, the more chances Chainlink (LINK) has for sharp growth. If closure above the aforementioned mark happens, one can expect a further upward move to the $9 zone.
Chainlink is trading at $7.896 at press time.
ETC/USD
Meanwhile, the rate of Ethereum Classic (ETC) has almost not changed since yesterday.
Ethereum Classic (ETC) remains under bearish pressure as the price is slowly approaching the $30.52 level. If the drop continues to the $32 zone, traders can expect a test of support by the end of the upcoming week.
Ethereum Classic is trading at $33.78 at press time.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov