It is a great day for the crypto market today as most of the cryptos are trading in the green zone. After a stressful plunging downtrend, crypto investors and traders can breathe a sigh of relief. Among all the cryptos, Bitcoin family has emerged as a winner regarding the price rise. Bitcoin’s 11th birthday can be considered as a game-changer for these cryptos. BTC price is up by 3.58%, Bitcoin Cash up by 11.44% and Bitcoin SV by 10.71%.
Bitcoin
The widely accepted crypto is trading at $7,360.80 against USD at 3.58% higher than the last 24hrs. BTC has reached a market cap of $133,431,641,762 USD with a circulating supply of 18,139,962 BTC.
BTC price had plunged down drastically in the early hours of Jan 3, 2020. However, the Birthday fever caught up and a sudden 6% rise caught the crypto industry off guard. Since then the bitcoin price is steadily rising.
The technical analysis of BTC shows bulls in the near future.
- RSI Indicator – The 4hr RSI Indicator is nearing the bullish support of level 70. Moreover, the price is constant at this level with fewer signs of plunge.
- MACD Indicator – The 4hr MACD indicator is way above the 0-level almost nearing level-4.
Bitcoin Cash
The next crypto of the Bitcoin family has surpassed BTC and surged drastically by 11.44% since the same time a day before. Bitcoin Cash is currently trading at $222.70 against USD. While BCH price is 0.03027632 against BTC with a 7.56% surge. The total market cap of BCH has reached 0.03027632 BTC with a 24hr trading volume of $2,681,542,399 USD.
The 7day BCH price chart shows a lot of activity. However, similar to Bitcoin; Bitcoin Cash price too skyrocketed in the morning hours of Jan 3. The price is increasing even as we write.
Technical Analysis of BCH seems to tell a great story.
- RSI Indicator – The 4hr RSI Indicator is above the bullish support of level 70. Moreover, the price is constantly increasing at this level.
- MACD Indicator – The 4hr MACD indicator is way above the 0-level almost nearing level-3 with bullish support.
Bitcoin SV
This BTC family member too has bulls chasing the price. With a 10.71% price surge, BSV price is currently at $105.55 against USD & 0.01435354 against BTC with a 7.05% rise.
BSV Technical analysis indicators show a bullish surge in the coming future.
- RSI Indicator – The 4hr RSI Indicator is currently above the bullish support of level 70. However, the price is constant for the last few hours.
- MACD Indicator – The 4hr MACD indicator is showing its bullish support as the graph is constantly increasing, nearing level-1.
All-in-all; this birthday is profitable for the whole Bitcoin family of cryptos. What do you feel about these prices? Will the price continue the bullish trend or plunge when the Birthday fever subsides? Let us know your views on Facebook and Twitter.
The post appeared first on Coinpedia
