As we start the new day, how are the prices of Bitcoin and popular altcoins? Is the upward trend still continuing? Here are the BTC and ETH prices!

There was a rising channel movement in Bitcoin. It broke down and reached its target. However, it still continues to hold on the $29,000 support. This unbroken support structure presents us with two options. The first option could break after liquidating short positions. The second option is that a strong wick below the $29,000 level could result in a sharp rise, leaving many in the opposite position. Seeing one of these two scenarios is a highly expected event in crypto dynamics.

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‣ Bitcoin (BTC) At the time of writing, the BTC/USD pair is trading at $29,508, up 0.07%. Resistance levels for BTC are between $30,400 – $30,800, while support levels are between $29,000 – $28,250.
‣ Ethereum (ETH) At the time of writing, the ETH/USDT pair is trading at $1,839, up 0.58%. Resistance levels for ETH are between $1,904 – $1,975, while support levels are between $1,821 – $1,776.

‣ ApeCoin (APE) At the time of writing, the APE/USD pair is trading at $1.91, up 3.16%. Resistance levels for APE are between $2.16 – $2.43, while support levels are between $1.77 – $1.47.

‣ Coin98 (C98) At the time of writing, the C98/USD pair is trading at $0.1419, up 3.79%. Resistance levels for C98 are between $0.1447 – $0.1489, while support levels are between $0.1345 – $0.1269.

‣ Yield Guild Games (YGG) At the time of writing, the YGG/USD pair is trading at $0.57, up 5.29%. Resistance levels for YGG are between $0.66 – $0.78, while support levels are between $0.53 – $0.46.

The post The Latest on Bitcoin and Cryptocurrencies – August 7 appeared first on Coin Engineer.