Market Review. Results of the Day. Cash. 02/08/2018

February 9, 2018


Changes (24h):

BTC $8,209

ETH $795.74

XRP $0.74

BCH $1,286.90

 


Technical analysis.

BCH is the leader of growth today. A reversal started from a serious support level of $800. If the price breaks out the range from $1,200 to $1,500, then it would be safe to say that the bearish trend is broken.

If the price falls to $1,100, speculators might look for a reversal of a short-term momentum and start to work from buying.

Trading volume has been growing since January 25 and reached its maximum for a month.

At the moment, when the market is weak, BCH looks stronger than other cryptocurrencies. In case of the end of the bearish market and and the resumption of growth, BTC has every opportunity to become the leader for it and perform better than the rest of the market.

However, it's not superfluous to be cautious and patient and wait for a technical conformation of the end of the falling trend.

 

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