Bitcoin price analysis: BTC/USD daily closure above $8500 is critical for bulls
The Bitcoin price is trading up with gains of over 5% on Wednesday, as the bulls pick up momentum to the upside. It has been a couple weeks of narrow trading, which is subject to change given the recent strength.
BTC/USD had been moving within a tight range for over two weeks, the high at $8500, with the low down at $7700. It is the narrowest trading conditions seen since early September, as the price consolidates after a hard sell off between 23-26 September.
Ethereum technical analysis: ETH/USD outperforming its peers jumping 6%
Ethereum price is trading firmly in the green, up 6.00% the session on Tuesday.
ETH/USD is outperforming its peers, as the bulls extend north following a range breakout.
Strong daily supply noted at $180, a breach has opened the door to another wave of upside.
Litecoin technical analysis: LTC/USD bulls looking to break free from stubborn bearish trend
Litecoin price is trading in the green in the session by some 4.50%.
LTC/USD bulls have broken out from a narrowing range-block formation,
Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions.