Denys Serhiichuk
Is there increased volatility in the major cryptocurrencies?
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On the first day of the weekend, the bulls are to some extent stronger than the bears.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) price has not changed since yesterday.
Image by TradingView
Bitcoin (BTC) price continues to move sideways as neither side has taken the initiative yet. The falling volume confirms that the major coin is not yet ready for a strong move.
In that case, sustained sideways trading in the $29,200-$29,800 range is the more likely scenario for the next few days.
At press time, Bitcoin is trading at $29,418.
ETH/USD
Ethereum (ETH) is up 0.31% faster than Bitcoin (BTC).
Image by TradingView
Today’s slight growth is not impacting the Ethereum (ETH) technical position on the daily chart. Buyers need to get the price back above the $1,900 zone if they want to get back in the game. Only then will there be a chance for medium-term growth.
At press time, Ethereum is trading at $1,851.
BNB/USD
Binance Coin (BNB) price is up 0.11% over the last day.
Image by TradingView
Binance Coin (BNB) is trading similarly to Ethereum (ETH) in that neither buyers nor sellers have taken the initiative so far. The low volume confirms this statement. In that regard, a consolidation in the $235-$245 range is the more likely scenario for next week.
At press time, BNB is trading at $240.8.
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