Which coins can rise against neutral mode of Bitcoin (BTC)?
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Unlike most of the other coins, the price of Bitcoin (BTC) has dropped by 0.80%.
On the daily chart, Bitcoin (BTC) is trading sideways in the middle of the channel between the support at $18,540 and the resistance at $20,415. At the moment, the rate is closer to the lower line, which means that sellers are more powerful than buyers. However, if bulls can seize the initiative and return to the $20,000 mark, there are chances for further growth.
Bitcoin is trading at $19,139 at press time.
Ethereum (ETH) is feeling much better than Bitcoin (BTC), with a price change since yesterday of +0.43%.
From the technical point of view, Ethereum (ETH) is trading similarly to BTC as neither buyers nor sellers have accumulated enough power for a sharp move. Respectively, sideways trading in the area of $1,300-$1,400 is the more likely scenario until the end of the week.
Ethereum is trading at $1,363 at press time.