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.
Price Analysis Feb 28: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK
Published on Feb 28, 2020
by Cointele | Published on Coinage
Mentioned in this article
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.