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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Smashes $12K, Crypto Cap Up $25 Billion: BCH, LTC, EOS, ADA Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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Created by industry experts and meticulously reviewed
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  • The total crypto market cap rallied recently and broke the key $325.0B resistance area.
  • Bitcoin price is up more than 8% and it recently broke the key $12,000 barrier.
  • Litecoin (LTC) price is likely to accelerate above the key $140 resistance area.
  • Bitcoin cash price about to surpass the main $500 resistance to start a fresh increase.
  • EOS price is currently above $7.300 and it could rise towards the $7.400 and $7.500 levels.
  • Cardano (ADA) price is about to gain momentum above the key $0.1000 resistance area.

The crypto market cap surged above $340.0B, bitcoin (BTC) broke $12,000, and Ethereum (ETH) climbed above $330. Altcoins such as ripple, litecoin, BCH, EOS, tron (TRX), and ADA could continue higher.

Bitcoin Cash Price Analysis

There was a slow and steady rise in bitcoin cash price from the $460 support against the US Dollar. The BCH/USD pair climbed above the $470 and $480 resistance levels to move into a positive zone. The price is now trading above $485 and it seems like the bulls are likely to push the price above the $500 barrier in the near term.

Above $500, the price could accelerate towards the $515 and $520 levels. On the downside, the main supports are near $480 and $470.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price is trading with a positive bias above the $125 and $130 support levels. LTC price is facing a strong resistance near the $140 level, above which there are chances of sharp gains towards the $150 level. On the downside, a break below the $130 support might start a bearish wave.

EOS price settled above the $7.20 and $7.25 support levels. It seems like the price is facing a tough resistance near the $7.45 and $7.50 levels, above which there are high chances of a run towards the main $8.00 resistance.

Cardano price remains in an uptrend above the $0.0900 and $0.0920 support levels. ADA price recently broke the $0.0950 and $0.0980 resistance levels. It is currently near $0.1000 and it may perhaps continue to rise towards the $0.1050 and $0.1100 levels.

Crypto Market Bitcoin BTC BCH EOS TRX XLM LTC ADA

Looking at the total cryptocurrency market cap hourly chart, there was a sharp rise above the main $325.0B resistance level. The market cap gained more than $25 billion and broke the $340.0B resistance. The current technical formation is very positive, suggesting more upsides towards the $350.0B and $360.0B levels. If there is a downside correction, the previous resistance near the $325.0B level is likely to act as a strong support. Overall, there are chances of further upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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Reason to trust

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