Price Analysis Feb 28: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Published on by Cointele | Published on

The failure to push the price above $9,000 is likely to attract another round of selling that can drag the leading cryptocurrency to the next support zone at $8,240.

If the BTC/USD pair bounces off the current levels and rises back above $9,000, it will indicate demand at lower levels.

If the price sustains above $9,000, a rise to $9,600 and above it to $10,500 is possible.

We will wait for the price to rise and sustain above $9,000 before proposing a trade in it.

The failure of the bulls to sustain Ether back above $235.70 indicates selling by the bears at higher levels.

XRP/USDAfter the sharp fall on Feb. 26, the bulls attempted a pullback on Feb. 27 but they could not propel XRP above the 200-day SMA at $0.25232.

If the bulls can carry the XTZ/USD pair above $3.011, we expect a rally to $3.50 and above it to the lifetime highs.

We might suggest short-term trades after the price sustains above $3.011.LINK/USDChainlink has displaced Cardano as the tenth cryptocurrency by market capitalization it has been included in the analysis.

The bounce off the trendline has again carried the price above the 20-day EMA, which is a positive sign.

If the bulls can push the price above $4.15, a rally to $4.50 and above it to $4.8671 is possible.

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