Bitcoin price prediction: BTC/USD consolidates losses after a sharp collapse - Bitcoin confluence
Bitcoin (BTC) has been consolidating losses in Asia after a deadly collapse during late Tuesday hours. The first digital asset is changing hands at $8,484, off the recent low registered at $8,150. BTC/USD has lost nearly 13% of its value in recent 24 hours and stayed unchanged since the beginning of the day.
Bitcoin confluence levels
There are few technical levels both below and above the current price due to sharp movements on the market. However, the bulls may have hard tome pushing the price through the barriers clustered on their way. Let’s have a closer look at the barriers that might influence Bitcoin’s movements in the short run.
EOS lost over 23% of its value in recent 24 hours. Despite rather slow movement during early Asian hours, the coin managed to recover from the lows and gained about 3% since the beginning of the day.
EOS takes the seventh place in the global cryptocurrency market with tthe current market value of $2.60 billion. At the time of writing, EOS/USD is changing hands at $2.84, off the recent low $2.40.
The second-largest cryptocurrency with the current market capitalization of $17.8 billion has been moving down in sync with the market. At the time of writing, ETH/USD is hovering around $167.70, off the recent low touched at $155.62. The coin has lost nearly 17% on a day-on-day basis and stayed unchanged since the beginning of Wednesday.
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