In this post I'll discuss about Bitcoin's price,altcoins & cryptocurrency market updates
BITCOIN PRICE ANALYSIS
Bitcoin has touched 8506$ and after a correction ,which definitely had to occur, it is now trading at 7619$ .It came under heavy selling pressure on Tuesday, dropping over 8%.
However, the price appears to be strongly supported at the 23.6% Fib retracement level .
The indicators currently indicate that BTC is slightly in a bearish Trend.
Major support at - 7530$
Next Major support at - 7340$
Major Resistance from 7830-7900 Dollars
Watch Btc/Usd Chart Above
WHY ARE ALTCOINS DOWN ?
Altcoins are down because Bitcoins Dominance has increased ,which means that people are buying Bitcoin and selling their Altcoins. The money after selling Altcoins is invested in Bitcoin that's why it's dominance increased from 38% to 48% approximate.
WHEN WILL THEY RISE!
To see Altcoins gain we need to wait a see what happens on August 10th or after that and by that time there will be a manipulation in Alt coin prices,however The dominance of BTC should also decrease to see a gain with good amount of Market cap.
CRYPTO HEADLINES
UBEX AI AG ( UBEX) announced today that it has joined the NVIDIA Inception program, which is designed to nurture startups revolutionizing industries with advancements in AI and data sciences.
Tron Wallet application for Android has been launched on Google Play & iOS version of the app is coming soon.
Bill Miller, Miller Value Partners’ founder predicts that Bitcoin is Bullish and may break all time high soon.
Alert Tron Holders! Tron may likely to test it's Key support ,so it's price may go down ,do watch it's price.
Wikipedia founder ,Jimmy Wales said recently that he would never conduct an ico,in an interview