Price Analysis of Bitcoin, Ethereum, Ripple, Litecoin, Cardano, NEO
World regulators are trying to throttle the popularity of cryptocurrencies. But every time they do this, the crypto world bounces back bigger and stronger than ever before.
"Jesse Powell, founder and CEO of Kraken(crypto-currency exchange of Canada), believes that the market capitalization of cryptocurrencies will more than double from the current levels and reach the $1 trillion USD milestone by this year."
Bitcoin and other coins like Ethereum, Ripple, Litecoin, Cardano, NEO attempting to extend its recovery, but it is likely to face a strong resistance from the current levels to the downtrend line.
As traders, we always keep a protective stop loss to safeguard our capital and because the crypto markets are open 24/7, the risks of a gap down opening are nonexistent.