Daily Market review: BTC, ETH, BCH, BSV, XEC

Daily Market review: BTC, ETH, BCH, BSV, XEC

The bulls are in control of todays session, as seen from the increase in the global market cap. The total cap stood at $3.19T as of press time, representing a 2.68% increase over the last 24 hours, while the trading volume jumped by 13.12% over the same period to stand at $203.4B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, has failed to post gains in todays session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is trading above all key moving averages (50, 100, 200 SMA), indicating strong bullish momentum. The 50 SMA ($91,220) is significantly above the 100 SMA ($84,570), which is above the 200 SMA ($76,637). This alignment is a classic bullish trend.

On the other hand, we see that the Volume Delta is increasing green volume bars suggest rising buying pressure, confirming the uptrend. Bitcoin traded at $97,530 as of press time, representing a 4.26% increase over the last 24 hours.

4-hour BTC|| Source: TradingView

Ethereum Price Review

Ethereum, $ETH, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is testing the upper Bollinger Band ($3,185), indicating strong bullish momentum but also overbought conditions. The middle band ($3,117) serves as dynamic support.

On the other hand, we see that the Awesome Oscillator (AO) is confirmed by green bars in the AO, but declining histogram heights suggest a potential slowing of upward momentum. Ethereum traded at $3,139 as of press time, representing a 0.29% increase over the last 24 hours.

4-hour ETH/| Source: TradingView

Bitcoin Cash Price Review

Bitcoin Cash, $BCH, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that the green (lips), red (teeth), and blue (jaw) lines are expanding and aligned bullishly, confirming upward momentum.

On the other hand, we see that the Money Flow Index (MFI) is at 79.62, indicating overbought conditions and the possibility of a short-term pullback. Bitcoin Cash traded at $521.52 as of press time, representing a 17.59% increase over the last 24 hours.

4-hour BCH/USDT Chart | Source: TradingView

Bitcoin SV Price Review

Bitcoin SV, $BSV, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that the green (lips), red (teeth), and blue (jaw) lines are expanding and aligned bullishly, confirming upward momentum.

On the other hand, we see that the Money Flow Index (MFI) is at 79.62, indicating overbought conditions and the possibility of a short-term pullback. Bitcoin SV traded at $76.50 as of press time, representing a 10.63% increase over the last 24 hours.

4-hour BSV/USDT Chart | Source: TradingView

eCash Price Review

eCash, $XEC, is among todays top gainers as well as seen from its price movements. Looking at an in-depth analysis, we see that the eCash price is well above the cloud, signaling a strong bullish trend. The future cloud (Senkou Span A and B) is bullish, supporting further upside.

On the other hand, we see that the ADX (Average Directional Index) is at 24.79 suggests a moderately strong trend, which could strengthen further. eCash traded at $0.00004853 as of press time, representing a 7.08% increase over the last 24 hours.

4-hour XEC/USDT Chart | Source: TradingView