{"id":377391,"date":"2019-04-06T04:28:21","date_gmt":"2019-04-06T04:28:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=377391"},"modified":"2024-06-11T13:39:12","modified_gmt":"2024-06-11T13:39:12","slug":"bitcoin-btc-ethereum-ripple-and-bch-poised-for-further-gains","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-ethereum-ripple-and-bch-poised-for-further-gains\/","title":{"rendered":"Bitcoin (BTC), Ethereum, Ripple and BCH Poised for Further Gains"},"content":{"rendered":"
Bitcoin (BTC) is trading with a bullish bias and it could rally above the $5,100 resistance. Altcoins like Ethereum, ripple, bitcoin cash<\/a>, litecoin and cardano are trading above key supports and likely to trade higher.<\/em><\/p>\n Recently, we saw a decent downside correction from the $5,359 swing high in bitcoin price against the US Dollar. The BTC\/USD pair declined below the $5,250 and $5,100 support levels to move into a short term bearish zone. The price traded as low as $4,754 and remained well above the 100 hourly simple moving average. Later, there was a fresh increase above the $4,900 level and the 23.6% Fib retracement level of the last drop from the $5,360 swing high to $4,754 low.<\/p>\n The price recently traded above a connecting bearish trend line with resistance at $4,975 on the hourly chart. The price even traded above the $5,000 level, but it failed to gain momentum above the $5,050 resistance. There was also no convincing break above the 50% Fib retracement level of the last drop from the $5,360 swing high to $4,754 low. At present, the price is trading in a range above the $4,950 and $4,900 supports. There is also a major bullish trend line forming with support at $4,820 on the same chart.<\/p>\n Therefore, there could be range moves in the short term before the price attempts to surpass the $5,050 and $5,100 resistance levels. Looking at altcoins, NANO and ZIL are currently gaining bullish momentum and are up more than 10%. Among the top 10 coins, Ethereum, ripple<\/a>, bitcoin cash and litecoin are placed nicely above key supports and they are likely to follow bitcoin higher if it clears the $5,100 resistance.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n