Bitcoin, Crypto Market Signaling More Upsides: BCH, BNB, LTC, TRX Analysis

Aayush Jindal

1 year ago

2 mins read

Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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The total crypto market cap climbed further higher and broke the $310.0B resistance area.
Bitcoin price extended its upward move and climbed towards the key $12,000 resistance.
Binance coin (BNB) price is currently trading with a positive bias above the $32.50 support.
Litecoin (LTC) price is struggling to move above the $122 and $124 resistance levels.
BCH price tested the $415 resistance and it may rise towards the $425 resistance area.
Tron (TRX) price is currently consolidating losses above the $0.0320 support area.

The crypto market cap and bitcoin (BTC) are climbing steadily. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS could also gain momentum in the near term.

Bitcoin Cash Price Analysis

After settling above the $400 pivot level, there was a steady rise in bitcoin cash price against the US Dollar. The BCH/USD pair broke the $410 resistance level and recently tested the $415 resistance level. The current price action is positive and it seems like there could be more gains towards $425 in the near term.

If the price breaks the $425 resistance, it will most likely open the doors for a test of the $450 resistance. On the downside, the main supports are near $405 and $400.

Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis

Binance coin (BNB) price remained in a positive zone above the $32.00 support level. BNB price is currently consolidating above the $32.50 support and it seems to be facing a strong resistance near $32.85 and $33.00, above which it could climb towards the $34.00 level.

Litecoin price is facing an uphill task and it seems to be struggling to stay above the $120 support area. On the upside, there are important resistances near $122 and $124, above which LTC price could start a decent recovery.

Tron price managed to stay above the $0.0320 support area and it is currently trading in a range near the $0.0325 level. TRX price must surpass the $0.0332 resistance level to move back in a positive zone.

Looking at the total cryptocurrency market cap hourly chart, there solid rise from the $270.0B support area. The market cap broke the key $300.0B and $310.0B resistance levels to move back in a positive zone. There was a clear break above the $320.0B level and the 76.4% Fib retracement level of the last slide from the $336.0B high to $272.0B swing low. Therefore, there are chances of more upsides towards the $335.0B and $340.0B levels. As long as there is no close below $300.0B, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

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.

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.