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Cryptocurrencies

Cryptocurrencies Bullish Today with Gains Over 3%

March 6, 2020
Cryptocurrencies
BTCUSD Daily Chart

The cryptocurrencies rocketed today with gains over 3%. Bitcoin (BTCUSD) is 4.18% higher at $9,122 hitting the daily low at $8,699 and the daily high at $9,117. Bitcoin’s technical outlook is bullish now as the cryptocurrency broke above the 50-day moving average. First support for BTCUSD stands now at $9,400 the low from February 28, trading session. On the upside, the first resistance stands at 9,117 the daily high and then at 10,495 the yearly top.

Ethereum (ETHUSD) trades 3.73% higher at 232.90 with capitalization at 25.60 billion. The initial resistance for ETHUSD stands at $274.18, the February top while the first support stands at $213.47 the February low. Ripple is 2.75 higher at 0.2412. Litecoin is 4.05% higher at 62.85. The crypto market capitalization stands now at $260.77 billion.

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