GBTC Bitcoin Premium is at 24%, Shows Gradual Increase in Institutional Demand

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BTC, EOS, TRX Price Prediction - Signals of Bullish Continuation on the Market
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market is finishing the week with uncertainty. While the local bullish trend is coming down, the bears have not seized on the initiative.


Below is key information for Bitcoin (BTC), TRON (TRX), and EOS (EOS).






Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$130,321,075,014

$7,199.61

$16,429,165,274

-1.10%

EOS

EOS

$2,457,267,694

$2.60

$1,194,351,177

-1.03%

TRON

TRX

$941,714,405

$0.014122

$958,682,797

-0.84%

BTC/USD 


The 1H time frame shows a breakdown of the ascending channel’s lower boundary, after which the price is likely to visit a three-week low of $7,072 and then the psychological level of $7,000. 


The likelihood of such a scenario will increase if the relative strength index (RSI) supports line crashes. 


 

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The overall picture will remain bearish until the $ 7,870 mark (reached on November 29th) is passed.


At press time, BTC is trading at $7,146.


EOS/USD 


The bulls could not hold the rate of EOS at its resistance level, pushing the price down to $2.59.


Looking at the 4H chart, the short-term bullish mood is coming down as the bears are soon about to seize on the initiative. This is confirmed by the lines of the Moving Average Convergence/Divergence (MACD), which will switch to a bearish trend soon. In this case, the nearest support mark will be the at $2.55. 


At press time, EOS is trading at $2.5987.


TRX/USD 


Our recent TRON price forecast came true as the rate rolled back and touched the expected $0.135.


According to the chart, the RSI indicator bounced off the oversold area and is currently moving upward. What is more, there is a high trading volume index located around the $0.015 resistance mark. If the volume remains at its previous levels or potentially increases, then that mark might be achieved through the end of the current year.


At press time, TRX is trading at $0.01420.

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