Green Day: Bitcoin finally touches $38K resistance line while Ethereum eyes $1,700
Bitcoin breaks its silence after a couple of days struggling around $33K-$35K while Ethereum marks another ATH above $1,500
Thursday 4th of February goes full of “Green” for the Cryptocurrency industry as Bitcoin, Ethereum and some other alternative coins have led the total Market Cap to $1.150 Trillion.
Bitcoin reclaims important ground
Last week, we saw some impressive Bitcoin moves with the currency topping at $38,000 when the CEO of Tesla, Elon Musk added at his Twitter Bio just the word “Bitcoin”. Nevertheless, the happiness didn’t last for so long and BTC retraced below $35K where it was trading for the next few days.
Bitcoin broke its silence on Wednesday morning, as the primary cryptocurrency surpassed the resistance line of $35K and jumped at $35,500 before it continue further north to $38,000 where it remained for a couple of minutes and plunged back at $37,500.
The Analysts claim that if Bitcoin wants to re-enter $40K zone, the currency must first overcome the resistance lines of $37,500 and $38,500 otherwise we might see the King of Coins heading back at $33K.
Altcoins do it better
Most Alternative coins were remaining calm during the past days until the moment that the world’s two largest cryptocurrencies decided to give some tension to the market.
Ethereum marked a new All-Time High record at $1,580 while Ripple (XRP) is trying to reclaim the biggest part of the losses by adding another 6% of value leading the price at $0.38.
Litecoin has been one of the most volatile tokens by adding 12% of value, while Polkadot (7%), Bitcoin Cash (6%) and Chainlink (3%) have also marked some serious gains making the total Market Cap $150 Million richer.
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