Price analysis 9/23: BTC, ETH, XRP, BCH, DOT, BNB, CRO, LTC, LINK, BSV
cointelegraph.com
The approval of the world’s first crypto asset exchange-traded fund on the Bermuda stock exchange is a positive step that is likely to entice several institutional investors to add exposure to cryptocurrencies. If the bulls can push the price above the 50-day SMA and the downtrend line, the recovery is likely to pick up momentum and reach the recent highs of $12,460.
If the pair turns down from the current levels or the downtrend line and breaks below the $308.392 support, the decline can extend to the 200-day SMA ($255). Contrary to this assumption, if the bulls can push the price above the downtrend line, the pair could rise to the 200-day SMA ($185).
Read in Full: cointelegraph.com
