Bitcoins and Altcoins Recover

Bitcoin price declined further during the weekend and broke the USD 6,000 support. BTC/USD traded towards the USD 5,600 level, found support, and later started an upward correction. The price is back above the USD 6,000 level Similarly, major altcoins like ethereum, ripple and bitcoin cash are showing signs of a recovery, but are facing crucial resistances.

Going forward, there could be more recoveries in bitcoin, ethereum, ripple and bitcoin cash if they succeed in surpassing the USD 6,500, USD 485, USD 0.50, and USD 800 resistances respectively.