Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, July 2

Published on by Cointele | Published on

Mohamed El-Erian, a chief economic advisor at Allianz, wants to buy Bitcoin if it declines to $5,000 levels.

Arthur Hayes, the co-founder and CEO of BitMEX, believes that Bitcoin can rally to $50,000 levels by the end of the year.

65 has cleared the downtrend line and the 20-day EMA. Failure of the bears to take advantage of the breakdown below $6,000 levels shows that they are losing their grip.

If the bulls defend the $5,900 levels, then our initial assumption of a large range in Bitcoin between $6,000 to $12,000 will come into play.

If the ETH/USD pair returns from the current levels and drops below $400, it will become negative and can decline to the critical support at $358.If the bulls break out and close above the 20-day EMA, a rally to $600 levels can be expected with minor resistance at $550.Therefore, traders can enter long positions closer to $500 with the stops at $400. Please keep the position size about 40 percent of usual because the initial risk to reward ratio is not very attractive.

BCH/USDBitcoin Cash has bounced back from the $657 levels and has broken out of the downtrend line.

Still, the bulls will face stiff resistance at the 20-day EMA and again between $100-$107.102.If the bears force a reversal from the overhead resistance and break below the $74 levels, the downtrend will resume.

XLM/USDThe bulls scripted a smart recovery in Stellar from the $0.16767780 levels on June 29 and have broken out of the downtrend line.

Once these two levels are crossed, we anticipate a rally to $2 levels.

Our bullish view will be invalidated if the bears force a turnaround on the IOTA/USD pair from the 20-day EMA and plunge it below $0.885 levels.

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