Bitcoin back in Positive Trend: Ethereum Ripple and Co. are catching up

Bitcoin: The price of the leading cryptocurrency by market capitalization is back in positive territory. The same applies to almost all Altcoins in the top 100. Thus, the ripple course, Ethereum course, EOS course can make up nearly ten percent.

After a sustained downward spiral, the Bitcoin price on Monday, the 26.11, catches up again. Thus, he was able to increase in the last 24 hours by nearly nine percent. Satoshi Nakamoto's cryptocurrency currently stands at $ 4,092.

Not just the Bitcoin course: Almost all Altcoins go up in the course

Also Ripple is currently trying to fight against the kink in the course. With an increase of ten percent, the XRP price is currently at $ 0.38. According to our course pages, the "Bankencoin" is currently in second place among the crypto currencies with the highest market capitalization.

Ethereum, the supercomputer project headed by Vitalik Buterin, posted quite similar price increases. At 9.7 percent, the ether price has risen to $ 117 and remains in third place.

Even Bitcoin Cash, who has suffered quite a bit in the course of the Hash Wars, was able to make up a bit for the course. At 7 percent, BCH currently stands at $ 184.

EOS, the project under the auspices of block.one, has climbed to $ 3.39 within the last 24 hours. Thus, the cryptocurrency number five recorded an increase of almost 8 percent.

Only two losers in the top 100

Currently, almost all cryptocurrencies are among the top 100 in the plus. The only tender losers are the undertakert QASH and Dai. QASH had to lose some ground with 0.11 percent and now stands at just under $ 0.20. Brave loser of the last 24 hours is the stable coin DAI with 1.27 percent in the minus. The cryptocurrency now stands at $ 0.99 per token.

The strongest increase was recorded by the SIRIN LABS token. The utility token grew 97 percent and is currently $ 0.13 per token.

Technical analysis of the Bitcoin course

As pleasant as the recent bounce is: Currently Bitcoin is still fighting. The blue long-term support, which has held since the end of 2015 and is at the level of the moving average of the last 140 weeks, is currently hotly contested. Although the oversold RSI promises a recovery, which the price is currently experiencing.

However, both the MACD and Aroon indicators continue to speak a bearish language. On the bottom, even after the 10 percent bounce, a short position is more likely, with the first support of $ 3,785.65 as the entry point, the currently tested long-term support of 4,163.55 in force since 2015 USD as a stop loss and the moving average of the last 200 weeks at currently US $ 3,126.07 can be used as a target.

However, in order to assume a real reversal and dare a long position, an increase over the resistance at $ 4,538.01 is necessary. In that case, a first target would be $ 5,571.12 and the stop loss would be the moving average of the last 140 weeks, currently $ 4,332.