Bitcoin, Ether, Ripple - Prices Continue to Grind Higher | Webinar

CRYPTOCURRENCY PRICES, NEWS AND TECHNICAL ANALYSIS

• Bitcoin continues to lead the way and may continue to out-perform.
• A period of consolidation may lie ahead as news flows dry up.

CRYPTOCURRENCIES EDGE HIGHER BUT PRICE ACTION IS NOT WHOLLY CONVINCING

The early August sell-off has now all but been retraced as Bitcoin leads the market higher in low volume trading. While BTC looks set to push further ahead, other tokens/coins are finding upward momentum difficult to maintain with resistance levels nearing. Ethereum(ETH) and Bitcoin Cash (BCH) both seem stuck in a trading range, while Ripple faces strong resistance 3-4 cents higher.

Next week we will add regular analysis on EOS (EOS), Stellar (XLM) and NEO (NEO) to the five cryptos we currently cover.

Bitcoin (BTC) is currently back above $7,000 and has made eight higher lows in a row, a bullish chart pattern. There seems little in the way of a move back to the July 25 high at $8,481 although it may take time to achieve this target.

BITCOIN (BTC) DAILY PRICE CHART (FEBRUARY – AUGUST 29, 2018)

We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinarevery Wednesday.

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