Bitcoin (BTC / USD) tests critical resistance, Ether and ADA follow

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Bitcoin (BTC / USD) tests critical resistance, Ether and ADA follow: Bitcoin (BTC / USD) finding resistance below $ 46,000 Alt coins await further motivation Ether (ETH / USD) and Cardano (ADA / USD) ready to test an additional upside potential

Bitcoin prices currently sit below $ 46,000, a key psychological level for historic moves. With the Federal Reserve recently reiterating its accommodative outlook, major cryptocurrencies appear to be thriving thanks to the recent move, with alt coins following closely behind.

With Bitcoin (BTC / USD) prices now below $ 46,000, the rollout of the new ETH platform alongside coins such as Cardano (ADA / USD) is on the rise, but BTC remains the main catalyst for the market. imminent movement.

For Bitcoin and other major cryptocurrencies, prices have now retreated, with Ethereum and Cardano (ADA) following closely behind. Although the regulations still seem vague, blockchain technology has caught the attention of businesses, with many reiterating the impact it could have in the future. Currently, Bitcoin continues to struggle to blow $ 46,000, with Ether and Cardano (ADA) appearing to be well prepared for further moves, following in Bitcoin’s footsteps.

Bitcoin Daily Chart (BTC / USD)

Source: Tradingview, chart by Tammy Da Costa

Meanwhile, Ether remains below $ 3,200 but continues to trend towards the upper limit of the chart. If $ 3,200 were broken, a further rise could be expected above $ 3,400.

Ethereum daily chart (ETH / USD)

Chart prepared by Tammy Da Costa using TradingView

— Written by Tammy Da Costa, Analyst for DailyFX.com

Contact and follow Tammy on Twitter: @ Tams707

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