The crypto markets recover to $15 billion while bitcoin is flirting with the $7,000 price range as we are reading further in the coming altcoin news.
The total crypto market cap is correcting higher from the $170 support area and the price is around $250 which is now trading near the $7,000 resistance area. The EOS price jumped from the $2.350 support area and increased $2,500 and the Ethereum price shows a positive sign above the $142 level. BCH price also increased and is now trading above the $200 pivot level.
Bitcoin and the crypto markets are now correcting higher and BNB, BCH, Ethereum, and Ripple are also recovering but facing many resistances. After the downside break below the $7,000 support and the BTC price traded close to the main $6,500 support area and the bulls even took a strong stand so the price is now starting an upside correction. The BTC price is now trading above the $6,800 level and testing the $7,000 resistance area and if more gains follow, the price will test the $7,120 levels in the near term.
On the downside, the initial support is getting near the $6,880 level and could even retest the $6,500 area in the short-term so further losses could push the price to the $6,400 level. Looking at Ethereum, the price will start trading above the $140 levels and ETH is facing a lot of resistance on the upside close to the $146 level. On the downside, the main support is getting close to the $136. The Ripple price is facing a lot of struggles on the upside close to the $0.2200 level but there could be some positive signs emerging from the 2200 level but there could be some positive signs emerging from the $0..
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2000 support area.
Looking at the total crypto market cap, there is a steady decline below the $220 and $200 levels so the crypto market cap broke past the $185 support and tested the $170 level. It is now trading close to the $185 resistance area and the bearish trend line is forming on the same chart as we are seeing in the analysis today. Watch closely for the shifts in price over the upcoming period.
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