Bitcoin Remains Above $29K
The past several days were quite eventful for the primary cryptocurrency. After trading still at around $27,000 during the weekend and until Tuesday, the bulls took complete control over the market and propelled a massive push-up that drove it to $30,000 in hours.

However, fake reports came out claiming that wallets connected to Mt. Gox and the US government could be disposing of substantial amounts of BTC that plummeted the asset by almost $3,000. When the news was confirmed to be fake, bitcoin went on the offensive once again and reclaimed $28,000 and then $29,000.

That all happened in the span of 36 hours. The past day brought another leg up that drove BTC to just under $30,000. However, it failed there and has since lost several hundred dollars.

Nevertheless, BTC still stands above $29,000, and its market cap remains north of $560 billion. Its dominance over the alts is up to 47%.

ICP, CRO Soar by Double Digits
Most alternative coins mimicked BTC’s enhanced volatility with significant price fluctuations. Ethereum went from $1,800 to over $2,000 in hours, before retracing just as hard and bouncing off. A minor 1% increase in the past 24 hours has helped the second-largest crypto to reclaim $1,900.

Ripple, Dogecoin, MATIC, Solana, Litecoin, and Tron are also slightly in the red from the larger-cap alts. In contrast, Binance Coin, Cardano, Polkadot, and Shiba Inu have retraced daily.

The biggest gainers in the past day are ICP and CRO. The project behind the latter made two massive partnerships this week, with Amazon and Samsung, that propelled yet another price surge. Overall, both assets have pumped by 11%.

These gains have helped the total crypto market cap add $15 billion daily, and the metric sits just north of $1.2 trillion.

? Bitcoin about to close UP 4 months in a row.

It has NEVER made a new low after this point.

BEAR MARKET OVER ?
YES - ?
NO - ?

@Cryptobasetv

? Bitcoin about to close UP 4 months in a row.

It has NEVER made a new low after this point.

BEAR MARKET OVER ?
YES - ?
NO - ?

@Cryptobasetv

Bitcoin Cash Price Analysis
Bitcoin cash price struggled to gain pace for a move above the $130 and $132 resistance levels. BCH formed a high near $136.18 and started a fresh decline.

There was a clear move below the $126.00 and $125.00 support levels. The pair even declined below the $120 support. It tested the $112 level. A low is formed near $111.66 and the price is now consolidating losses. It is now trading near the 23.6% Fib retracement level of the key drop from the $136.18 swing high to the $111.66 low.

Looking at the chart, Bitcoin cash price is now trading below the $120 zone and the 55 simple moving average (4 hours). Overall, the price could continue to move down if it stays below the $120 resistance zone.

Technical indicators
4 hours MACD – The MACD for BCH/USD is gaining pace in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is below the 50 level.

Key Support Levels – $114 and $112.

Key Resistance Levels – $120 and $124.