Bitcoin price analysis
Bulls have dominated this week, with several cryptos posting gains. Bitcoin (BTC) has seen some slight bull activity this week, recording a weekly increase of 1.38% as Bitcoin price is at $26.9K. Bitcoin has a market cap of $529B as the trading volume stood at $7.9B as of press time.
Volatility on Bitcoin price for the week has been relatively stable as the Bollinger bands move closer to each other. However, BTC’s relative strength indicator is moving below its average line, indicating some bear dominance still on Bitcoin price as the MACD indicator hovers in the red zone with bulls now striving for total domination.
Ethereum price analysis
Ethereum (ETH) has seen bull activity over the week as the asset’s weekly rise now stand’s at 5.2% as Ethereum price stood at $1,676. Ethereum has a current market cap of $207.7B, as the trading volume now stands at $3.7B.
Volatility levels on Ethereum price have also been low over the week as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line, showing bear activity on Ethereum price as the MACD also moves in the red zone, showing some bear effect despite the uptick over the week.
Cardano price analysis
Cardano (ADA) has also seen bull activity over the week as the asset’s weekly rise now stand’s at 6.5% as Cardano price stood at $0.2619. Cardano has a current market cap of $9.2B, as the trading volume now stands at $140.3M.
Volatility levels on Cardano price have also been low over the week as the Bollinger bands now move at a relatively close distance. The RSI indicator moves above its average line, showing bull activity on Cardano price as the MACD also moves at the neutral line as bulls now push for total dominance on Cardano price.
Bitcoin Cash price analysis
Bitcoin Cash (BCH) has seen bull activity over the week as well as the asset’s weekly rise now stand’s at 13.4% as BCH price stood at $236.80. BCH has a current market cap of $4.6B, as the trading volume now stands at $173M.
Volatility levels on BCH price have also been low over the week as the Bollinger bands now move at a close distance.Tthe RSI indicator moves below its average line,as bulls push for crossover above while the MACD moves on the neutral line.
Chainlink price analysis
Chainlink (LINK) has also seen bull activity over the week as the asset’s weekly rise now stand’s at 14% as Chainlink price stood at $8.11. Chainlink has a current market cap of $4.5B, as the trading volume now stands at $217.4M.
Volatility levels on Chainlink price have also been low over the week as the Bollinger bands now move at a relatively close distance. The RSI indicator moves above its average line, showing bull activity on Chainlink price as the MACD also moves in the green zone showing bull domination on Chainlink price.
Source: https://blockchainreporter.net/weekly-analysis-btc-eth-ada-bch-link/