Market Review. Results of the Day. Growth of Bitcoin. 02/20/2018

February 20, 2018

Changes (24h):

BTC $11,665

ETH $935.06

XRP $1.09

BCH $1,502.20

Technical analysis.

Today, the market was moving in different directions. Bitcoin (BTC) and Litecoin (LTC) have risen by more than 5%, but Ether (ETH) and Ripple (XRP) have fallen.

Most of trading volumes slightly increased, however XRP trading volume as well as the number of transactions in the network are at the very low level.

Bitcoin (BTC) has been continuing to move in the short-term upwards trend. Support level is $11,250, resistance level is $12,000.

An interesting pattern called cup and handle has formed on the BTC chart. If this this pattern realizes, then the goal will be $18,000. The range from $12,000 to $13,000 is decisive, and if the price breaks out from it, then the pattern will begin to realize.

Ripple (XRP) broke out from the rising wedge pattern and formed the flag pattern, denoting the new target level of $1.


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