Bitcoin, Ethereum & Ripple Price Analysis; Bearish Momentum Creeps Into Top 3 Ranked Coins – Is The Entire Market Declining Now?
Secret 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 dropped 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 an in proportion 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.
As August progressed, we can see that Bitcoin was trading within an increasing cost channel. The coin continued to trade within this price channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level.
From there, Bitcoin rolled over...