Cryptocurrency market is currently displaying a sideways trend today with some of the coins surging while several of them sliding.

The value of Bitcoin (BTC) has gained 0.38 % in the last 24 hours. Though the price of Bitcoin (BTC) is up today, the technical position of Bitcoin (BTC) has been unaltered. It is believed that continuation of surge can only happen once the rate locks above the level of $29,000. As for now, Bitcoin is trading at $ 28,461.

The growth of Bitcoin (BTC) has unfortunately not been reflected in the case of Ethereum (ETH), which, as a matter of fact, has lowered by 0.21%. Technical aspects reveal that Ethereum (ETH) can manage to continue trading in the same bracket of $1,750 - $1,800 for the forthcoming few days. Ethereum is currently trading at $ 1,794.

XRP, on the other hand, has not changed a lot since the prior day. The price of XRP unsuccessfully attempted to breach a resistance of $ 0.5582. Unless the aforementioned resistance managed to be crossed, a downward pullback can be disapproved. It may facilitate the descent to a crucial level of $ 0.50. The present value of XRP reads out at $ 0.5394.

The market is volatile, and a slight shift in the prices should not be considered as an indication of direction. Cryptocurrency traders should keep a vigilant watch on the price behaviour of cryptocurrencies and devise their investment strategy carefully for the betterment of their portfolio.



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