[the_ad id=”36860″]
As the week kicks off, the crypto market is mostly flashing red with Bitcoin down 1.39% at $10,298.
Ethereum is down 1.6% at $216.81, XRP is down 1.31% at $0.3210 and Litecoin is down 3.66% at $94.12 according to COIN360.
Crypto analyst and economist Alex Krüger says traders should welcome Bitcoin’s current pullback, noting that the faster and sharper Bitcoin rises, the higher the danger of an imminent crash.
Bull market corrections are unavoidable and should be welcome. Assets that go too far up too fast tend to crash the hardest. As everyone who speculated with the price of bitcoin during 2017 and 2018 well knows.
— Alex Krüger (@krugermacro) July 16, 2019
https://twitter.com/Josh_Rager/status/1153371716791361538
CoinDesk analyst Omkar Godbole is on the same page and says Bitcoin needs to cross $11,080 to break the current trend.
Bitcoin
CoinDesk – Key indicators on short-duration charts biased for a fall below $10,000
NewsBTC – Bitcoin could retest key support before fresh increase
[the_ad id=”36860″]
Ethereum
FXStreet – ETH/USD bulls gather breath before another assault at $230
XRP
Blockonomi – XRP holding uptrend support, can it continue higher?
Litecoin
FX Empire – Late LTC pullback limiting the upside on the day
Bitcoin Cash, Stellar, EOS, Tron
NewsBTC – Crypto market approaching next break: BCH, XLM, EOS, TRX analysis
[the_ad id=”36860″]
[the_ad id="42537"] [the_ad id="42536"]
