Bitcoin and Altcoins Analysis- 6th July

Bitcoin may touched $20,000 or higher than by the end of the 2018 according to the co-founder of Fundstrat Global Advisor Tom Lee .He predicts Bitcoin trade more than 2x times of the mining cost which helps to increase #levels of bitcoin from $7,000 to 9,300 by the end of Year.

But there are many resistances that might be difficult to breakout like $12,000 support is strong and difficult to cross due to fear in retail or short traders losses of his assets value but professional traders and big investor may wait to new yield point of bitcoin price.

From the Coinmarketcap Total market cap increased $279 mln that was more than yesterday($266 mln) that is also a positive sign and confidence booster for all crypto trader and a slept for whose saying ‘Bitcoin is Bubble’ and also btc have a 42.1% dominance that will positively impact on it’s price.

If bitcoin crossed $6800 resistance than it may reach to $7,730 that is a respective resistance but bulls sign may also easily breakout this resistance.This is the best time to buy #TRX and #LTC at below than @560 satoshi and @0.01250 btc respectively.

#MarketNews

-IBM helping Australian Government with Blockchain.

-Dutch ETF (Exchange-Traded Fund) Giants Enters into the Crypto world.

-Huobi launches Cryptocurrency Exchange in Australia.

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Note- The views and opinions expressed here is based on my personal research. Every trade involves risk and you should conduct your own research when going to make any decision. We will never advice you to invest a penny amount.