BTC, ETH, and XLM Price Analysis: Crypto Market Exhibiting Strong Selling Pressure

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Bitcoin Price Analysis (BTC/USD) On today’s intraday chart, the price of the top-performing cryptocurrency has declined, thus recording a bearish momentum below $8500 support level.  BTC/USD pair has, therefore, dive dipper below $8300, after exhibiting a sharp breakout that dipped the price to an intraday low of $8010.70. The downside move was followed by a short-term consolidation phase above $8128 thus defining the current price at $8138.48, which dropped from the opening price of $8439.95 translating to 3.6% loss over the past 24hrs. Failure of BTC/USD pair’s price to stay above $8128.60 may restart a fresh decline with new support

The post BTC, ETH, and XLM Price Analysis: Crypto Market Exhibiting Strong Selling Pressure appeared first on The Merkle Hash.

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