Bitcoin Price Analysis (BTC/USD)

In the final 24hrs, BTC/USD pair exhibited a bearish outlook.  BTC started the sell-off after a short-term interval of consolidation that consolidated beneath $12864.  The downtrend was supported by the 21 day MA that was seen gravitating above the 7 day MA that indicated a bearish signal.  In addition, the descending channels additionally confirmed the bearish momentum.

The pair’s worth sharply hit an intraday low at $11168.68 earlier than it recovered to the present worth at $11448.87.  BTC has misplaced by 11.05% within the final 24hrs that confirmed rising bearish stress. This positioned the essential assist stage at $11686.21 and resistance stage at $12119.37.  The Relative Strength Index additionally mirrored the bearish efficiency. It was seen buying and selling beneath stage 30 that indicated an oversold territory at X and Z.

bitcoin price chart

Bitcoin Price Prediction

At the second, the RSI indicator is buying and selling flat that signifies an absence of momentum. Thus a brief time period interval of consolidation is anticipated at $113980.00.  However, the bearish rally is prone to be overcome if the bulls up their transfer. New targets ought to be set at $12000.00

Bitcoin Cash Price Analysis (BCH/USD)

Like BTC, BCH has additionally been buying and selling bearish during the last 24hrs.  BCH is down by 17.9%, which is a big fall, having begun the sell-off from $414.9 to the present fee at $340.6.  The downward worth momentum was bolstered by the 21 day MA that was seen gravitating above the 7 day MA. 

The market noticed a short-term interval of consolidation beneath $414.zero that additionally acted as a assist stage. A worth fall later adopted that dipped the pair’s worth right down to consolidate beneath $380.zero.  At round 03:00, the worth dipped additional to a low of $315.zero earlier than it recovered as much as the present worth. 

The bearish motion was additionally mirrored by the RSI indicator the was seen more often than not buying and selling beneath stage 30 that indicated an oversold market situation.  This confirmed enhance sellouts; the RSI can also be heading Northway displaying the reluctance of traders to go quick in anticipation for higher costs. 

bitcoin cash price chart

Bitcoin Cash Price Prediction

Bullish momentum is prone to be encountered.  This is as a result of the RSI indicator is at the moment heading north, which signifies a bullish signal.  New targets ought to be set at $380.zero.

EOS Price Analysis (EOS/USD)

EOS/USD pair additionally underwent a bearish outlook within the final 24hrs.  EOS has sway down by 20.eight%, having moved from $5.8286 to $four.6155. The bearish rally was signaled by the 21 day MA that traded above the 7 day MA. 

EOS noticed a short-term consolidation interval that dipped from $5.8027 to $5.087 that confirmed enhance bearish stress.  Apparently, the market has been dominated by bears who appeared to be driving the coin additional decrease

The RSI indicator was constantly seen buying and selling beneath stage 30 that indicated that the market was on the oversold territory more often than not within the final 24hrs.  This confirmed a rise in sellouts on account of decreasing confidence within the coin.

EOS Price chart

EOS Price Prediction

Despite a usually bearish outlook, a bullish signal is seen as indicated by the RSI indicator that’s at the moment buying and selling Northway. New goal ought to be set at $5.0000.

Cryptocurrency Charts By Tradingview

Disclaimer: This shouldn’t be buying and selling or funding recommendation. The above article is for leisure and training functions solely. Please do your individual analysis earlier than buying or investing into any cryptocurrency or digital forex.

The submit Bitcoin, Bitcoin Cash and EOS Price Prediction And Analysis For 11 July: BTC, BCH, and EOS appeared first on The Merkle Hash.

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