Bitcoin, Ethereum & Ripple Price Analysis; Bearish Momentum Creeps Into Top 3 Ranked Coins – Is The Entire Market Declining Now?
Key Emphasizes
Bitcoin stopped by 5.57% this week as the coin reached $11,500.
Ethereum saw a 8.8% rate decrease this week as it reached $390 today.
XRP stopped by 9% over the past week as it reached the $0.28 level.
BITCOIN PRICE ANALYSIS
What has been going on?
Having a look at the everyday chart above, we can see that Bitcoin had actually permeated above a balanced triangle toward the end of July as it surged above the $9,200 level. The coin continued greater to reach the $11,800 level in August.
From there, Bitcoin rolled over and began to head lower. It broke beneath the increasing price channel at the end of last week however found support at a parallel pattern line. Bitcoin traded above this pattern line over the past 3-days but broke underneath here today as it crashed underne...