Crypto Market Cap And Bitcoin Climb Higher: BCH, BSV, BNB, ADA 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 is attempting to surpass a major resistance near the $216.0B level.
Bitcoin price is correcting gains and is trading below the $8,200 level.
BCH price is up more than 3% and is recently surpassed the $230 resistance.
BSV price rallied more than 15% and it broke the key $110 resistance area.
Binance Coin (BNB) is currently consolidating gains above the $18.00 support area.
Cardano (ADA) price is up 3% and it surpassed the main $0.0400 resistance area.

The crypto market cap and bitcoin could climb higher, while BSV and BCH are surging. Ethereum, cardano (ADA), BSV, EOS, and ripple remains well supported on dips.

Bitcoin Cash Price Analysis

After forming a base above the $205 support area, BCH price started a fresh increase against the US Dollar. The BCH/USD pair is up more than 3% and it recently climbed above the key $230 resistance area. The next major resistance on the upside is near the $240 level.

On the downside, the previous resistance near the $225 and $220 levels are likely to act as supports. If there is a break below $220, the price could revisit the $205 support area.

Bitcoin SV, Binance Coin (BNB) and ADA Price Analysis

In the past few hours, there was a sharp rise in bitcoin SV above the $100 and $105 resistance levels. BSV price even broke the $110 resistance and it is currently up more than 15%. An immediate resistance is near the $115 level, above which it could test the $120 zone.

Binance coin (BNB) remained in a range in the past few sessions and it seems like it is consolidating above the $18.00 support area. On the upside, BNB price has to clear the $18.80 and $19.00 resistance levels to start another increase towards the $20.00 and $20.50 levels.

Cardano price finally managed to climb above the key $0.0400 resistance area. ADA price is currently up around 3%, but there is another strong resistance waiting near the $0.0420 resistance. A clear break above $0.0420 might set the pace for a rally towards the $0.0500 resistance area.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent rise from the $205.0B support area. However, the market cap is now facing a strong resistance near the $215.0B area and a connecting bearish trend line on the same chart.

Therefore, a successful close above $216.0B, plus a follow through above $220.0B could open the doors for more gains in the near term. Overall, there are chances of a fresh increase in bitcoin, Ethereum, ADA, ripple, tron, XLM, ADA, BNB, ICX, BCH, EOS, and other altcoins in the coming sessions.

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.