Cryptocurrencies are generally seeing a good day in trading so far
And that’s helping to provide a bit of relief for cryptocurrencies on the day. Bitcoin is now up by 3%, same goes for Ethereum, while Ripple is up by 4% on the day.
Looking at Bitcoin, buyers are finding support at the 100-hour MA (red line) after the break of the trendline support yesterday.
The next resistance level is at $9,080 – where last week’s upside move was rejected at, on 10 February.