After spending the December 24th above $ 4000 bitcoin did not manage to hold the level and fell sharply below at the end of the day.
For now, the fell has stopped at the $ 3700, which is the upper bound of the support zone $ 3500 – $ 3700. For the last five days, the price has drawn two peaks in attempts to breach above $ 4300 resistance, which would confirm the reversal pattern. But attempts failed, and now the poles are changed to the appropriateness of the whole turnaround movement. In short, the breakthrough below $ 3500 will bring back the bearish overview.
Trading Bounds: $ 3500 – $ 4000.
🔹 CCID eighth rating
China’s Center for Information and Industry Development (CCID) has released the eighth cryptocurrency rating. EOS is still the leader, while the newcomer Ontology, which ranks 28th at CoinMarketCap, suddenly took the fifth place.
In total, the new version of the rating contains 34 cryptocurrencies. EOS, Ethereum, and GXChain take the top three places. It is noteworthy that GXChain occupies only the 106th line of CoinMarketCap and is traded on only a few crypto exchanges.
Since the publication of the previous version of the rating, Bitcoin has rolled back from the 13th to the 18th line.
Recap, when compiling the ranking, CCID experts rank cryptocurrencies according to the following criteria: basic technology, the innovative potential (creativity) and practical applicability.
#1 EOS, #2 Ethereum, #3 GXChain, #4 Komodo, #5 Ontology, #6 NULS, #7 Nebulas, #8 BitShares, #9 NEO, #10 Steem, … #18 Bitcoin, #19 Ripple, #20 Monero