The majority of the top 10 cryptos by market cap have seen their prices rise over the last 24 hours, according to the crypto market tracking website, CoinMarketCap. At the top of the list is Bitcoin (BTC) with its price gaining 2.54% over the same time period. This has elevated its price to $16,886.04 at press time.
The crypto trader Altcoin Sherpa (@AltcoinSherpa) shared how he believes the crypto market leader’s price will move over the coming days. In a tweet made today, the trader stated that BTC may be “targeting 17.5k, 200 EMA on the 4h and S/R level.”
The analyst also added that “this current area is resistance” and expects BTC’s price to retrace to $16,5k before “the next move up”.
The post BTC Flips Key Resistance Level on Its 4-Hour Chart Into Support appeared first on Coin Edition.
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