Bitcoin price remains uninspired at $ 10,200, Altcoins goes red
Friday 20th. September – The price of Bitcoin (BTC) remains largely uninspired and once again trades sideways around the $ 10,200 price tag.
Market visualization. Source: Coin360
Although BTC is back on the trade sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the upcoming launch of Bakkt and is positive to the ability to "improve trust in crypto institutions."
The world's largest cryptocurrency continues to trade flat, with an intraday high of around $ 1[ads1]0,280, while it is slowly trading down to today's current trading price of $ 10,147, showing a loss of 1.16% on the day, according to data from Coin360.
Bitcoin 24 hour price overview. Source: Coin360
Price analyst Rakesh Upadhyay wrote today that an eruption of the downward trend in the symmetrical triangle will indicate that the bulls have overpowered the bears and a new trend will begin. He expects the momentum to carry the award to the annual high of $ 13,973. While the rally may face resistance of $ 12,304.37 and $ 13,156.96, he expects these levels to be crossed.
While Bitcoin fails to impress, Ether (ETH) holds on to its recent gains well above the $ 200 price tag. The most popular altcoin is currently trading at $ 217.97 while showing a loss of 0.63% on the day.
Ether 24 hour price Source: Coin360
The Ripples XRP token fell below the critical $ 0.30 price point again, from an intraday high of $ 0.3127, at press time the world's third most popular coin is down 1.43% during that period last day.
XRP 7-day price drawing. Source: Coin360
Top 20 altcoins mostly in the red
Most large altcoins experience a red candlestick day, but EOS is up 1.34% in the last 24 hours and IOTA shows an impressive gain of more than 6.5% on the day. Cardano (ADA) and Ethereum Classic (ETC) are also both up, at 2.44% and 0.11% respectively.
The biggest top 20 losers of the day are Stellar (XLM) with a massive correction of 7.9%, and Tezos (XTZ) down over 5% on the day.
The total cryptocurrency market is around $ 270 billion and Bitcoin makes up 67.7% of the total.
