Bitcoin, Ethereum & Ripple Price Analysis; Bearish Momentum Creeps Into Top 3 Ranked Coins – Is The Entire Market Declining Now?
Secret Emphasizes
Bitcoin came by 5.57% today as the coin reached $11,500.
Ethereum saw a 8.8% cost decrease today as it reached $390 today.
XRP stopped by 9% over the previous week as it reached the $0.28 level.
BITCOIN PRICE ANALYSIS
What has been going on?
From there, Bitcoin rolled over and began to head lower. It broke below the rising rate channel at the end of last week but discovered support at a parallel trend line. Bitcoin traded above this pattern line over the past 3-days but broke beneath here today as it crashed underneath the $11,600 support (.236 Fib Retracement) to reach $11,500.
As August progressed, we can see that Bitcoin was trading within a rising rate channel. The coin continued to trade within this cost channel as it reached the August high of $12,471 as it rea...