If the price breaks out of the channel, the bulls can carry the price to $10,500.
If the bulls can push the price above it, the BTC/USD pair is likely to pick up momentum.
If the bulls can push the price above the triangle and the overhead resistance at $288.599, the uptrend will resume.
Conversely, if the price bounces off $0.26362, the bulls will once again attempt to carry the price to the overhead resistance at $0.31503.
If the bulls fail to push BCH above the 20-day EMA, the bears will make another attempt to sink the price below the critical support at $360. If successful, a drop to $306.78 is possible.
Contrary to our assumption, if the bulls can push the price above the 20-day EMA, a rise to $337.80 is possible.
The advantage will tilt in favor of the bulls if the price breaks out and sustains above $23.5213.
If the price rebounds off $2.9204864, the bulls will once again attempt to push the price above the lifetime high at $3.9499.Nonetheless, if the support at $2.9204864 cracks, the XTZ/USD pair can drop to $2.6025, which is the 50% retracement level of the rally.
The bulls are currently attempting to keep the price above the critical support at $0.0560221, which is just below $0.0570183, the 38.2% Fibonacci retracement level of the most recent rally.
A break above $0.065229 can push the price to $0.0722722.
Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
Published on Feb 24, 2020
by Cointele | Published on Coinage
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