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BTC, XRP and ETC Price Analysis for September 7


Bulls could not keep the rise for long as the coins are again in the red area.

Top coins by CoinMarketCa

BTC/USD

Bitcoin (BTC) could not resist bears’ pressure, falling by 5.87% over the last 24 hours.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has broken the support level at $19,526 against the increased volume. Thus, the price has also gone below the vital $19,000 mark, which means that the trend is again bearish.

If buyers want to seize the initiative, they should return the rate above the nearest level at $18,905. Only in this case, there are chances for a local bounceback.

Bitcoin is trading at $18,734 at press time.

XRP/USD

XRP has lost less than Bitcoin (BTC) as it has dropped by 3.72%.

XRP/USD chart by TradingView

Despite the fall, XRP remains trading above the support level of $0.3119 on the daily chart. If buyers can hold the local rise until the end of the day, one can expect the test of the resistance zone around $0.33 shortly.

XRP is trading at $0.3229 at press time.

ETC/USD

Ethereum Classic (ETC) is the biggest loser from the list today as its fall has constituted 15.72%.

ETC/USD chart by TradingView

Ethereum Classic (ETC) has bounced off the accumulation it has been at since the end of August. Currently, one needs to pay close attention to the support level at $30.52. If the decline continues to it, bulls can lose their dominance, followed by the start of a bearish trend. However, if the rise lasts to the $38 mark, buyers might seize the initiative.

Ethereum Classic is trading at $33.95 at press time.



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