How long is the ongoing recovery in the cryptocurrency market going to last?
The cryptocurrency market is trying to break its bearish streak, with the majority of the top 10 coins being in the green zone.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) has risen by 1 percent over the last day.
BTC/USD chart by TradingView
Bitcoin (BTC) has once again bounced off the support at $32,000, having confirmed the bulls' power.
The trading volume is slightly rising, which means that there is a chance of seeing the ongoing growth to $37,000 where most of the liquidity is focused.
Bitcoin is trading at $32,888 at press time.
ETH/USD
Ethereum (ETH) is the biggest gainer today, rising by 1.45 percent since yesterday.
ETH/USD chart by TradingView
Ethereum (ETH) has bounced back to the vital level of $2,000, which means that bulls are controlling the situation on the market. In this case, the more likely scenario is an uptick to the area of $2,200 and above.
Ethereum is trading at $2,010 at press time.
BNB/USD
Binance Coin (BNB) is not an exception, rising by 0.16 percent.
BNB/USD chart byTradingView
Binance Coin (BNB) might also grow in the mid-term if it keeps trading above the crucial $300 level. In this case, there is a high possibility of seeing a spike to $340 soon.
BNB is trading at $311 at press time.
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Author
Denys Serhiichuk
U.Today
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.
