The prices of the main cryptocurrencies fell in a choppy and correlated fashion overnight, and all of the major coins are significantly lower, trading near or under the post-crash lows. Bitcoin got close to the crucial $3500 level while Ethereum fell almost to $250 in early trading. BTC lost some of its relative strength amid the China mining ban rumors recently, but the coin remains well above the crash lows and although further correction is likely, we don’t expect durable new lows below $3000 during this cycle. A strong support zone is found near $3150, while resistance is now ahead […]
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