BTC:In the short term, $7,000 – the resistance level, plays an important role for further price action. Support platform for BTC price was formed above $6,300 yesterday, currently, price is near $6,900 hurdle and seems cautious, short-term chips are likely to book profits at this level.
On the downside, however, support level will be lifted. Buyers are expected to appear near $6,000 since there’re expectations for BTC price in the short term and it’s less likely to lose money. Therefore, you can buy the dips, especially when the fluctuation is wide.
Still, BTC has the potential to present us with decent uptrends, but whether it can continue the bullish price action in the long term or not depends on the actions market takes when dealing with issues caused by forks.
BCH: High points of BCH price are getting lower gradually, price started its narrow fluctuation move since yesterday on hourly chart. No buyers seem interested to buy in when price is above $1,200.
Currently, price is near support level and the descending channel, afterwards, it’s most likely to face a pullback below $1,200 and retest $1,040 support level.
Original by Bi Laoye, translated and posted by AICoin Jami
Go to https://aicoin.com/chart/D331D4E2 for more chart data.
